Risks: The Potential Losses from Being Underinsured
In the state of Texas, liability insurance is required for all vehicles driven on public streets and highways. However, there are additional coverage options that, while not legally mandated, may be needed to protect your assets.
Being underinsured risks making you responsible for:
❌ Vehicle Repair and Replacement Costs
❌ Liability Claims
❌ Medical Expenses for Employees
❌ Business Interruption
❌ Lawsuits and Legal Fees
❌ Cargo or Equipment Loss
❌ Regulatory Fines and Penalties
❌ Reputation Damage
❌ Employee Liability Risks
Even if you don’t maintain a fleet of vehicles, commercial auto insurance is a good investment for your company. For example, your business could be held liable for the actions of your employees if they were on the clock, driving their own vehicles, and carrying out work-related tasks.
There’s always the risk of unexpected losses when conducting your business. This makes maintaining the appropriate level of commercial fleet vehicle insurance essential to your long-term financial stability.
Comprehensive Coverage Protects You from Operational Liabilities
✅ Liability coverage above the required minimum levels: State-mandated minimums may fall short in covering the full costs of a collision, which leaves your business vulnerable to significant financial loss.
✅ Uninsured or underinsured motorist coverage: If an at-fault driver lacks adequate insurance, your business could be stuck covering the costs.
✅ Collision coverage for accidents involving your vehicles: Whether your driver is at fault or not, repairs and replacements can be costly.
✅ Comprehensive coverage for other issues that might affect the function or appearance of your fleet: Vehicles face risks beyond accidents, including theft, vandalism, and natural disasters.
Our Commercial Auto Insurance Carriers
Maximize Your Profitability by Protecting Your Assets
The commercial insurance agents at Brazos Insurance Agency offer proven experience and expertise in finding personalized solutions for your business insurance needs. Whether you have one vehicle or many, the right commercial auto insurance protects your business and your budget.
Contact our commercial insurance agency today to get a custom quote.