(888) 900 0205Commercial Auto Insurance for Electricians
Running an electrical business means you're always on the move, getting to job sites with tools and materials in tow. Having the right commercial auto insurance for electricians protects your work vehicles from unexpected incidents, like accidents, theft, or damage while you're out doing jobs. Whether you use a single van or a fleet of trucks, this coverage ensures you're not left with a huge financial burden if something happens.
Types of Coverage
- Liability Coverage: If you're at fault in an accident, this covers the cost of property damage or injuries to others.
- Physical Damage Coverage: Includes collision coverage (for accidents) and comprehensive coverage (for things like theft, fire, or vandalism).
- Medical Payments Coverage: Helps cover medical expenses for you and any passengers, no matter who's at fault.
- Uninsured/Underinsured Motorist Coverage: Protects you if you're involved in an accident with someone who doesn't have enough insurance.
- Hired and Non-Owned Auto Coverage: Covers rented or employee-owned vehicles that are used for business purposes, like picking up supplies or driving to job sites.
Split Limit Policy
A split limit auto insurance policy places limits on the maximum benefits that will be paid for specific damages. Each state has set minimum amounts of coverage you can select, and the policy defines maximum payouts for property damages and bodily injuries separately.
For example, if you choose a split limit policy of $100,000/$300,000/$50,000 for your commercial electrician’s auto insurance:
- Your policy would pay no more than $100,000 for each individual’s bodily injuries.
- Your policy will pay no more than $300,000 for the combined total of bodily injuries.
- Your policy will pay no more than $50,000 for the combined total of property damages.