Commercial Auto Insurance in Greenville, SC

Owning and operating automobiles involves inherent dangers and risks. Even experienced businesses require carefully composed risk management and loss control plans. At Universal Solutions Ins Agency, our dedicated team is prepared to assist in these efforts by helping your company understand and address its commercial auto insurance needs. 

What Is Commercial Auto Insurance?

These policies, sometimes called fleet insurance, can establish a versatile and robust financial shield against incidents involving your business’s vehicles. Under these agreements, you’re quoted a rate and pay regular premiums to maintain your coverage. In return, you’ll be able to file a claim for financial aid following accidents and other vehicular damage. If approved, payouts could be crucial in limiting out-of-pocket losses and expenses. 

What Is Covered? 

Your commercial auto insurance policy can be tailored to suit your unique circumstances, including legal requirements, risk tolerance and budgetary constraints. Still, sufficient commercial auto insurance coverage may often include the following components: 

• Liability coverage—Your policy can help pay for third-party losses, such as those incurred by pedestrians and other motorists, following accidents for which you or your employees were at fault. 
• Collision coverage—This part of the insurance may assist with repair, restoration or replacement costs should your vehicles be damaged in crashes. 
• Comprehensive coverage—This policy may limit monetary consequences if your vehicles are damaged or destroyed by noncollision incidents, such as fires, severe weather, or criminal activity. 
• Uninsured/underinsured motorist coverage—This coverage can bridge any gap between an at-fault party’s auto insurance limits and your business’s losses. 

How Much Does Coverage Cost? 

Commercial auto insurance companies must carefully analyze your business when assessing risk levels and quoting you a rate for suitable coverage. This process may vary depending on your carrier but typically involves consideration of the following: 

• Location 
• Industry 
• Driver records 
• Number of insured employees 
• Vehicle details (e.g., type, value and age) 
• Fleet size 
• Coverage limits 
• Deductibles 
• Claims history 

Get the Right Coverage 

Contact Universal Solutions Ins Agency today to learn about commercial auto coverage or get a free quote.