Owning your own ambulance is a big investment in your company. Ambulances are owned by private ambulance companies, medical practitioners and specialists, and private hospitals or clinics. Other businesses may use ambulances to provide additional services to their customers as well.
Buying and equipping an ambulance is a very large investment. If the ambulance is involved in an auto accident your company may suffer severe financial losses. Paying the bills that arise from an accident and paying to repair or replace your ambulance may be more than your business can handle at once. Protect the ambulance instead, by covering it with the right types and amounts of commercial auto insurance.
- Liability Insurance – Liability insurance is the basic level of insurance required by law. This coverage is designed to protect your company from lawsuits when your ambulance is at fault for an accident. It protects you from litigation because it covers the medical and repair bills for victims involved in the accident. Liability insurance protects you in two critical areas: Bodily injury and property damages.
- Bodily Injury – The bodily injury portion of your liability coverage pays the medical bills and related expenses that arise for victims when your ambulance is at fault for an auto accident. If people suffer from injuries and need to be taken to the hospital for example, your bodily injury coverage pays for the transportation and related care. It pays hospital bills when accident victims must be admitted, it pays for follow up physician care and treatment, it pays for physical therapy, chiropractor care and any other treatments deemed necessary for recovery. Besides medical bills, bodily injury pays for a victims lost wages if they must take time off of work. It pays for pain and suffering. And it pays the funeral expenses if someone dies from the accident.
- Property Damage – The property damages section of your liability insurance pays to repair or replace property that your ambulance damages in an accident. If a victim’s car is totaled in the accident for example, your property damages coverage will pay for the replacement.