If you are an Arizona business owner, carrying commercial insurance is essential. The experienced agents at the Homeowners Insurance Group help business owners understand which types of coverage their companies need. With an office in Scottsdale, AZ, the agency serves as a convenient, one-stop resource for business insurance solutions and has supported local companies for more than 20 years.
Do You Need Commercial Auto Insurance for Your Business?
If your business owns vehicles or uses vehicles for work-related purposes, commercial auto insurance is typically required. Personal auto insurance policies usually do not cover accidents that occur while an employee is using a vehicle for business activities.
According to the Arizona Department of Insurance and Financial Institutions, businesses in Arizona must carry liability and property damage insurance for vehicles used for hauling, delivery, or transporting goods. In addition, vehicles covered under a commercial auto policy are generally required to be titled and registered in the business name.
Understanding Coverage Requirements
To receive coverage for damage to a company vehicle after an accident, commercial auto insurance policies must include collision and comprehensive coverage. Some businesses also choose to add protection for theft or vandalism, depending on their risk exposure.
Failing to maintain the required amount of commercial auto insurance can result in serious consequences, including suspension of vehicle registration and potential suspension of a driver’s license. An insurance professional can explain the state’s minimum coverage requirements and help ensure your policy is compliant.
Contact the Homeowners Insurance Group
The Homeowners Insurance Group offers a wide range of commercial insurance options tailored to business needs. Companies in the Scottsdale, AZ area rely on the agency for knowledgeable guidance, competitive pricing, and responsive service. Call today to schedule an appointment and review your business insurance portfolio.