Commercial Auto Insurance for Construction Businesses

Running a construction business often means you may rely on cars, trucks, vans and other motor vehicles. These automobiles are likely not only used sparingly, as they may need to be constantly on the move, whether transporting crews, hauling equipment or otherwise keeping projects on schedule. With so much riding on your fleet, having the right commercial auto insurance is essential.

Why Specialized Commercial Auto Insurance Matters

Construction vehicles face unique risks every day. Investing in suitably tailored commercial auto insurance is essential for managing potential financial setbacks and maintaining legal compliance. Whereas standard auto policies might often fall short when it comes to the specific needs of contractors and construction companies, our team at Goal Auto Insurance Services Inc. can help design commercial auto insurance that specifically addresses the needs of those in this industry.

Key Coverage Options for Construction Fleets

We understand that every construction business is different, so we help our clients customize their coverage to match their operations. Common coverage options include:

• Liability coverage—Legally required in California, this aspect of your policy can financially protect your business if it’s at fault for an accident on the road in which other parties incur losses.
• Collision coverage—This part of commercial auto insurance can assist with your company’s repair or replacement costs if vehicles are damaged or destroyed in a crash.
• Comprehensive coverage—If your vehicles require repairs due to a noncollision incident, such as fires, theft, vandalism, severe weather or damage caused by falling objects, this type of coverage may limit out-of-pocket costs.
• Uninsured/underinsured motorist coverage—Purchasing this type of coverage can help your business recoup vehicle-related losses for which another party is at fault if they don’t have sufficient liability insurance.
• Hired and non-owned auto coverage—A policy with this element of commercial auto insurance can extend financial protection to vehicles your business rents or employees’ personal vehicles being used for work.

How Goal Auto Insurance Services Inc. Supports Construction Businesses

While building your commercial auto insurance, your business should also make sure its policy includes sufficient coverage limits and manageable deductibles. Given these many considerations, enlisting the help of a qualified insurance professional, such as those at Goal Auto Insurance Services Inc., is highly advisable.

Contact us today to discuss your construction business’s commercial auto insurance needs or get a custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.