Accidents are called as such because there is simply no way to predict when they could happen. For this reason, you need to protect your business at all times with Indiana commercial auto insurance coverage. Businesses rely on vehicles to operate their business – whether in terms of transporting goods and equipment, or offering actual services (such as food delivery, ridesharing, or car rental services). Regardless of the nature of your business, commercial auto insurance is a must.
There are over 124,000 businesses in Indiana and they rely on the use of vehicles in one way or another. They are an integral part of the state’s economy; hence, the state law requires obtaining commercial auto insurance policy to avoid significant financial loss.
Indiana is an at-fault state so you are responsible for paying for the damage or injury caused in the event of a collision involving your business vehicle. You will need a liability insurance coverage to pay for this and your insurance coverage will pay up to the policy limits.
The minimum coverage limit for commercial auto insurance in Indiana is $25,000 per person for bodily injury (or $50,000 per accident). For property damage liability, the minimum coverage is $25,000 per accident. Additional coverage is also required for uninsured motorists like $25,000 per person (bodily injury) and $10,000 (property damage).
For business vehicles carrying cargo, the Indiana state law has different minimum coverage requirements. For trucks and freight vehicles that weigh less than 10,000 lbs., the minimum coverage is $300,000 CSL or $750,000 for those that weigh more than 10,000 lbs.
For othere states, make sure to check the requirements by state.
If your business operates in major cities like Indianapolis or Fort Wayne, you have plenty of options when it comes to companies that offer commercial auto insurance. Make sure the policy includes the following coverage types: bodily injury, property damage, combined single limit, medical payments, collision, and comprehensive physical damage.
It is best to speak with an insurance expert to assess your business’ unique needs based on the type of vehicles you operate, as well as the cargo and purpose of the vehicle use. These factors can influence the commercial auto insurance rate for your business.
2540 Kent Ave, West Lafayette, IN 47906
(765) 463-1878
http://www.truck-insure.com/
432 S Emerson Ave #310, Greenwood, IN 46143
(877) 400-0500
https://www.mayflower.insurance/
2929 E 96th St suite a, Indianapolis, IN 46240
(317) 844-3049
http://a1insureit.com/
438 S Emerson Ave, Greenwood, IN 46143
(317) 408-2697
https://www.trkinsure.com/
6650 Telecom Dr, Indianapolis, IN 46278
(317) 291-1541
http://www.auto-owners.com/
2555 E 55th Pl Office #209, Indianapolis, IN 46220
(800) 463-4648
http://www.infinityauto.com/
8355 Rockville Rd, Indianapolis, IN 46234
(317) 271-8666
http://www.associated-insurance.com/
4030 S Emerson Ave suite e, Indianapolis, IN 46203
(317) 787-4995
http://www.a1insureit.com/
