Business Auto Insurance for Recycling Centers
Recycling centers have employees that drive frequently as part of the services they offer to customers. Whether your employees drive daily routes or just once or twice a week to pick up customer’s recycle bins, the continuous driving puts you at risk of someone having an auto accident. Commercial auto insurance for recycling centers is the best way to protect yourself from these risks. Auto accidents can be expensive. Some are severe enough to completely destroy your vehicle and others simply damage expensive tools and materials that your employees are transporting. You can choose different structures for your coverage, so that your business auto insurance protects from vehicle damages and equipment losses as well as harm caused by a collision, theft or a rollover accident. With bodily injury protection, your covered employees get their accident caused medical care costs paid for too.
Commercial Auto Liability Insurance For Recycling Centers
Commercial auto liability insurance for recycling centers protects you and your company from having to pay for damages and losses when accidents are your fault. This insurance can provide coverage for any vehicles that you or an employee uses for work specific purposes. This coverage protects other drivers at well, by providing for the cost of repairs and replacement when they are not at fault in an auto accident. Business liability insurance protects you and your driving employees when driving for work reasons. If an employee is driving a customer collection route for example, your recycling center’s commercial auto insurance protects you if accidents occur.
Combined Single Limits
A combined single limit (CSL) commercial auto policy allows up to one fixed payout benefit amount per accident. This coverage doesn’t differentiate bodily injury payments from property damages. Instead, it supplies your company with accident coverage up to the defined maximum as per your policy. For example, if one of your recycle truck collection drivers causes an accident and several people get hurt, 90% of your policy benefits may be used for paying medical bills instead of property damages.
Split Limit Policy
Split limit auto insurance policies define limits for how much of the benefits are paid to specific types of damages. Individual states set the minimum amounts of coverage you can carry and your specific policy determines maximum payout amounts that can be paid 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 recycling center’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 gives your company additional protection against the potential loss of a business vehicle. For example, if one of your employee’s is involved in an auto accident that destroys your recycling collector truck, your physical damages coverage on your commercial auto insurance policy, it will pay for the cost of replacing it.