Commercial Auto Insurance Monroe MI: What is it really?
If your company is into construction, logistics, or delivering anything that is heavy and massive, you must be using large, powerful trucks. These vehicles are perfect for conveying awkward items such as gravel and debris, huge machineries and even smaller vehicle types. Due to the size and weights of these trucks, accidents involving them are always disastrous. This is why it is important to cover each of these vehicles with commercial auto insurance Monroe MI.
Similar to personal auto insurance, the commercial auto insurance Monroe MI policy covers most of the needs of these trucks. Depending on the usage, cargoes and routes of these vehicles, commercial fleets can have different levels of coverage. There are main items included in the commercial truck insurance, and this includes:
- Primary liability, which is the general level of plan that the state of Michigan requires. You as the company owner can choose the limit for the coverage. This will be deducted from the damages caused by the truck whenever it gets into an accident. Primary liability also includes personal injuries that people may suffer with during the accident.
- General liability, which is the commercial auto insurance coverage type that helps one whenever the truck gets damaged through something other than an accident. This includes weather, theft and vandalism.
- Cargo insurance, which aids the owner to insure everything their trucks are loaded with. You may find this coverage useful, especially if you carry expensive cargo. It will help you with both the damaged and the lost freight.
- Trailer interchange, which is important to giant 18-wheelers with two separate parts. Sometimes, one of these parts are not owned by the same company. If you are responsible for the trailer that is owned by another business, you may be held responsible for the damage incurred during the time the item is in your possession. This type of coverage helps offset the cost.
Whatever truck you drive, whether it is a private passenger vehicle or a cargo, you will need a commercial auto insurance Monroe MI policy. Frost & Remer shares all about it here at https://insurancebyfrost.com/needs-commercial-auto-insurance-monroe-mi/. To know more about the company, visit this page: https://insurancebyfrost.com/about-us/.