Business Auto Insurance for Painters
Many painters drive daily as part of their job. They must drive to a customer’s work location, or drive to and from supplier locations. You and your employees may drive personal passenger vehicles or company work trucks, and the increased travel puts you at risk of having an auto accident. That’s why painter’s auto insurance is one of the important types of coverage you can carry. Commercial auto insurance for painters helps protect your company from having to suffer the big financial setbacks that are commonly caused from auto accidents. Auto accidents can disable or potentially destroy a vehicle that you are driving. The professional tools and painter’s equipment that’s being transported can also be lost. You can choose to structure your business auto insurance coverage so that it protects your company from vehicle or equipment losses in an accident. The policy can also protect you from losses due to other auto hazards such as theft, rollover or collision. The bodily injury portion of your company’s coverage ensures that you and the employees that drive for you will have medical care costs from an accident paid for as well.
Commercial Auto Liability Insurance For Painters
Commercial auto liability insurance for painters provides liability protection for any personal or company owned vehicle that you or any of your employees use to conduct work. Liability protects both your company and other drivers when someone driving for your company causes an auto accident. It protects you by placing limits the amount of accident damages or injuries you have to pay for out of pocket. It protects other drivers by covering the cost of damages they did not cause. Liability auto insurance provides coverage and protection for you and your employees when you’re driving for work-specific purposes. For example, if one of your painter employee’s is driving from your company offices to a customer’s jobsite and has an accident, your painter’s commercial auto insurance provides coverage for that incident.
Combined Single Limits
A combined single limit (CSL) policy is auto insurance with a maximum payout per accident. This type of coverage does not specify benefit maximums based on the type of damages or injuries sustained in an accident. Instead, it just gives you coverage up to the total dollar maximum that is defined in your policy. For example, if one of your employee’s causes an accident that creates minor injuries to other people, most of your CSL policy benefit payments will go to property damage repairs.
Split Limit Policy
A split limit business auto insurance policy sets defined payout limits on the type of harm sustained in an accident. Each state has laws that declare the minimum amounts of coverage you can carry, and your actual policy defines maximum payouts separately based on whether they are for property damages or bodily injuries.
For example, if you choose a split limit policy of $100,000/$300,000/$50,000 for your commercial painter’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.
Physical Damages Coverage
Physical damages coverage is additional protection in case you suffer losses or damages to your company vehicles. For example, if one of your painters is driving the company air compressor truck and suffers a roll over event, the truck may be damaged beyond repair. By carrying physical damages coverage on your business auto insurance policy, the cost of replacing that company truck is covered.