Finding Better Insurance For Your Family

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Finding Better Insurance For Your Family

About a year ago I realized the insurance plan that my family currently had wasn't sufficient for our needs. It seemed like whenever anyone got hurt, we really struggled to pay the bill. Fortunately, a friend of mine recommended a better insurance plan that they had used before. We applied, and we were pleased when we were accepted. Our premiums were reasonable, and the coverage was amazing. I know we have benefited greatly from the new insurance. This blog is for anyone out there that is struggling to choose insurance or to select add-on options for their plan.


Why A Business Owner Needs Transportation Insurance Coverage

Many business owners that are in an industry that involves delivering products to customers hire employees to drive company vehicles. Although owning company vehicles is a great way to make a business appear more professional, there is also the risk of the delivery drivers getting into auto accidents. If a driver gets into an accident in a commercial vehicle that isn't insured, a business owner can be faced with a lawsuit that leads to a financial loss. To decrease the risk of getting sued if one of your delivery drivers gets into a collision, it is important to get commercial transportation insurance coverage. As explained in this article, there are several reasons why you will find transportation insurance coverage beneficial to your business.

1. Extensive Coverage for a Fleet of Vehicles

The advantage of having insurance coverage for your commercial vehicles is that you will have financial security if one of your employees is at fault in an accident. For example, if an employee injures another driver in a collision, the other party can file a claim for medical expenses. In the unfortunate event of a collision leading to a fatality, commercial insurance coverage will cover the other party's funeral expenses. On the other hand, if your delivery drivers are not at fault in an accident, commercial insurance provides the security of getting compensated for vehicle repairs or replacement, medical care for your employees, and several other benefits.

2. Driving within the Boundaries of the Law

In most states in the country, there are laws that require business owners with commercial vehicles to get them insured. If one of your drivers is stopped by law enforcement without insurance coverage, your business can be penalized. You can also end up with a more expensive insurance rate, which means that your business will lose money. Insurance coverage provides the security that your vehicles are being operated within the boundaries of the law, depending on the laws in your state.

3. Writing Off Insurance Coverage on Taxes

One thing to keep in mind is that you will be able to write off your transportation insurance coverage as a business expense on your taxes. To write the insurance off, be sure to keep all the proof that your commercial vehicles were covered during the tax year. Contact a transportation insurance provider to find out which types of coverage are available for your business and what you will have to pay.

Contact an insurance agent near you for more information about commercial transportation insurance coverage