05 Nov Best Price Commercial Auto Insurance for CA Painting Companies
Best Price Commercial Auto Insurance for CA Painting Companies
Have you ever sat down to analyze your company’s budget? Hopefully, the answer is yes! Whether you are the owner of a new painting company or the proprietor of an established company; it is important to know who you’re paying, how much you’re paying, and why you’re paying for that particular service. Insurance is one area of a budget which should be analyzed on a regular basis. Determining why we need certain types of coverage, as well as uncovering potential savings opportunities are ways that analyzation can help us find the best price commercial auto insurance policy for California painting companies.
A commercial auto insurance policy will provide many of the same types of coverage as a personal auto insurance policy; including bodily injury liability, property damage liability, medical payments, uninsured and underinsured motorist, physical damage, and collision. The more noticeable differences between a commercial and personal auto policy are the rates, amounts of coverage, and policy exclusions.
Finding a quality insurance agent will go a long way in helping you find the best price commercial auto insurance policy possible. For starters, a good insurance agent will be able to guide you to the right type and amounts of coverage. Your business may be better protected with higher coverage limits and lower deductibles while a competitor’s smaller business may need lower coverage limits and can afford higher deductibles. Also, different insurance agents will likely offer policies offered by different underwriters. These underwriters may each use different statistical data or actuarial tables to define coverage limits and price premiums, affecting your quote. A good rule of thumb is to speak with at least three different agents to be able to accurately compare coverage types and premium quotes.
As with any other type of insurance coverage, finding the best price for a commercial auto insurance policy will largely depend on your personal liability factor. The type of vehicles you drive, the driving record of your employees, and even the type of equipment you carry on board will affect the price of your premium. Finding ways to reduce these liability factors will help you find the best price for your insurance policy. For instance- defensive driving courses have an established track record of reducing risky driving behaviors that lead to accidents and claims. If you require employees to take such a course, you will often receive a safe driver discount of some kind from your insurer. Each agency will have different requirements as far as the criteria you must meet to qualify for discounted rates, so be sure to talk with your insurance agent.
Responsible business owners all across the Golden State are constantly looking for ways to reduce their costs while maintaining a professional and protected enterprise. With some thorough research, specific questions, and firm decisions; you too can find the best price commercial auto insurance for your California painting company. Begin the process by consulting insurance agents today and request the information you want to guide you to the policy you need.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.