Independent contractors are individuals who work hand-in-hand with their clients. They do not necessarily have an employer. These individuals can be contractors, freelancers, or consultants.

But, just like any other company, they must have the proper business insurance. For those that travel from place to place, commercial auto insurance is a must.

What Does Commercial Auto Insurance Cover?

Commercial auto insurance for independent contractors can provide several key features:

• It covers the value of the car, much like property insurance. It covers from risks such as fire, theft, and vandalism.
• It provides significant liability coverage. This helps minimize costs related to negligence claims may be other companies.
• It often covers collisions. When you collide with something, this coverage pays for the damage to your car.

Other key features may include underinsured and uninsured driver coverage and medical costs. Policies differ from one plan to the next. However, a key about commercial auto insurance is that it covers risks at a higher coverage level than traditional auto coverage.

Customizing Your Insurance

A key step for independent contractors is to customize their insurance to meet their individual needs. Those who are on the road more frequently need a higher level of protection.

Contractors also need to consider what they take with them. Thieves can steal equipment. A car accident may lead to damage to it. For those who work in high-risk areas or with high-risk equipment, added coverage is necessary. Many independent contractors benefit from higher liability coverage, too. Work with an insurance agent to ensure the policy reflects your specific needs.

A Key Component of Business Insurance

Anyone operating a vehicle as a part of their business needs to add commercial auto insurance. It may not be necessary for those who do this infrequently. It may not be necessary for those who just drive to and from work. Those who transport clients should have coverage. Those who go from one job site to the next should have this coverage. Your situation is unique. Work with your agent for a custom quote.

Commercial auto insurance may not be expensive. It may be quite affordable for many independent contractors. The type of work you do is important. The amount of driving you do matters.

Work closely with your auto insurance agent to get the right pricing structure in place. Invest heavily in the protections you need. This helps to keep your business safe. And, most business insurance plans can feature commercial auto coverage. A business owners policy might also help to cover your vehicle.

Need Dallas business auto insurance? Let us help. Call Porter-Brandenburg Agency, Inc. at 972.234.5588 for a fast, free policy quote.