What is Motor Vehicle Insurance for Business?
Motor vehicle insurance for businesses is designed to cover the financial costs incurred due to accidental damage or theft involving company vehicles. Whether you refer to it as corporate car insurance, company vehicle insurance, or business automobile insurance, this cover is vital for protecting your assets.
If your business uses cars, trucks, or trailers, it’s essential to have the right car insurance for company vehicles. Relying on personal car insurance for business use may leave you underinsured, exposing your business to significant risks. Ensure you and your employees are protected by selecting a business motor vehicle insurance policy that covers unexpected situations like vehicle damage, theft, and third-party liability.
Need car insurance for a business vehicle? Get in touch with our expert risk advisers at Adroit to find the right cover for your business today.
Types of Commercial Motor Vehicle Insurance
Choosing the right car insurance for your commercial vehicle is key to protecting your business. At Adroit Insurance & Risk, we offer various levels of cover to suit different needs:
- Full Comprehensive Insurance: The highest level of commercial motor vehicle insurance, covering damages from fire, theft, and accidents. This insurance also covers third-party property damage.
- Third Party Property Damage Insurance: This policy covers damages to third-party vehicles and properties caused by your business vehicle but does not cover damages to your vehicle.
- Third Party Fire & Theft Insurance: Protects against specific risks such as fire, theft, and damage to third-party property. It’s a great middle-ground option if you want more than just third-party liability.
Each policy can be tailored to meet your specific business needs. Not sure which one is right for you? Our team of insurance risk advisers can guide you through the options to ensure you’re fully covered.
Full Comprehensive Insurance
Full comprehensive insurance is the most robust form of commercial motor vehicle insurance.
- Damage or loss to your vehicle from fire, theft, and accidents
- Third-party property damage
- Replacement vehicles and emergency car hire
- Damage to vehicle accessories and signwriting
This type of commercial motor insurance is ideal for businesses that need comprehensive protection for their vehicles and want to avoid unexpected costs.
Need a commercial motor vehicle insurance quote? Get in touch with Adroit Insurance & Risk today.
Third Party Property Damage Insurance
Third-party property damage insurance focuses on covering the costs of damages your business vehicle causes to other people’s property. While it doesn’t cover your vehicle, it protects you from significant third-party claims, which can be costly.
This insurance also protects against costs incurred from accidents involving uninsured motorists, as long as the driver is not at fault. Some policies may also cover emergency services and legal costs, providing added peace of mind.
Ensure your business is protected with the right business motor vehicle insurance. Talk to our trusted risk advisers about the best motor insurance for business use.
Third Party Fire & Theft Insurance
Third-party fire & theft insurance offers protection for your business vehicle in specific situations such as fire, theft, or causing damage to third-party property. This policy is ideal if you want cover beyond third-party liability but don’t need full comprehensive insurance.
- Vehicle loss or damage due to fire, explosions, or theft
- Damage to third-party property
- Accidents with uninsured motorists where the third party is at fault
Partner with Adroit to ensure your business is ready to face tomorrow with confidence. Get the right commercial motor insurance policy today.
Contact Our Risk Advisers for Business Car Insurance
At Adroit Insurance & Risk, we understand the unique challenges your business faces. Our expert risk advisers are here to help you choose the right insurance cover, tailored to your needs. In need of business car insurance? Let our team of Risk Advisers guide you in choosing the right insurance for your business. Contact us today.
Frequently Asked Questions
Regardless of the number or type of vehicles your business operates, they can all cause damage to others. Without the right insurance, your business could face substantial costs, including vehicle repairs, legal fees, and the expense of hiring replacements.
Any business that owns or operates vehicles on public roads needs business car insurance. This includes employees using their personal cars for business purposes. Without adequate cover, your business could be liable for significant costs following an accident.
Accidents happen, even with the best risk management strategies in place. The best protection is to ensure you have the right motor vehicle insurance in place. Our experts at Adroit are here to help you find the right solution.