In the past few years, the Minnesota economy has seen positive growth with the help of businesses. In fact, businesses have helped improve the unemployment rate in the state. However, businesses need protection, too. Those that require the use of vehicles as part of their daily operation need to obtain commercial auto insurance. This will help prepare your business against losses in the event of an accident.
Not only that, the state law of Minnesota requires all businesses to insure their commercial vehicles. To legally operate your vehicle, you need to purchase a policy against that vehicle.
The purpose of obtaining commercial auto insurance in Minnesota is to prevent your business from losing its hard-earned revenue. When your vehicles are involved in a car accident, you cover the costs of vehicle damage, injuries, death benefits, medical payments, legal costs, and property damage. But with the right insurance coverage, the insurance provider will cover those costs for you.
In Minnesota, the minimum liability coverage requirement for bodily injury is $30,000 per person or $60,000 per accident. For property damage, it is $10,000 per accident. When involved with uninsured or underinsured motorists, you should get policy coverage of at least $25,000 per person or $50,000 per accident.
Consider your unique business needs when comparing various commercial auto insurance policies in Minnesota. You can buy this type of insurance as a standalone policy or as part of your comprehensive business insurance package.
Whatever you decide, make sure to take into account the type of vehicles you are using, weight, type of cargo, and the travel route. These factors can directly influence the total cost of your insurance policy. However, commercial auto insurance is significantly higher than personal auto insurance policies due to the higher risks involved.
202 W Superior St # 400, Duluth, MN 55802
(218) 722-1482
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2520 Coon Rapids Blvd NW Suite 180, Coon Rapids, MN 55433
(763) 797-9999
https://www.transinsurancepros.com/
385 Washington St, St Paul, MN 55102
(800) 237-9334
http://www.northlandins.com/
530 Jefferson Blvd, Big Lake, MN 55309
(763) 244-3735
http://www.istmn.com/
5001 American Blvd W # 801, Bloomington, MN 55437
(877) 656-3413
https://www.ntuminc.com/
20960 Holyoke Ave, Lakeville, MN 55044
(952) 469-0425
https://www.insuringminnesota.com/
3521 88th Ave NE, Circle Pines, MN 55014
(651) 415-1117
https://ganyoagency.com/
3351 Round Lake Blvd NW, Anoka, MN 55303
(763) 323-3000
http://insurancebrokersmn.com/contact-us/office-locations/anoka