Commercial Auto Insurance in Prestonsburg KY & Lexington KY

Peace of Mind for Businesses On the Road.

Whether delivering goods locally or running errands for work, many companies use vehicles for business. Sometimes, companies even let their employees drive their own vehicles for company business. However, if an employee has an accident without having the right commercial coverage, the business might be putting their financial livelihood at risk.

To prevent losing your hard-earned revenue due to an auto accident, you should insure your vehicles and drivers with commercial auto insurance.

When Do I Need Commercial Auto Coverage?
Commercial auto insurance protects your business’s vehicle investment and gives you the needed financial protection for an accident. You should add coverage if you have:

Company vehicles are provided to employees for commercial and private use.
Employees who drive their own vehicles for business-related errands.
Personal vehicles that qualify as commercial due to their weights or sizes.
Vehicles owned, rented or leased by your business.
Vehicles are hired or rented by your company.

What Are the Requirements for Auto Insurance in Kentucky?
In Kentucky, it’s illegal to drive without insurance. Drivers in Kentucky must have the following auto insurance coverage: bodily injury to others and property damage liability.

If your vehicle qualifies as commercial due to its weight class and business use, you need commercial auto insurance. All commercial passenger vehicles (autos) must be licensed with a passenger or qualifying special plate. The Kentucky Department of Motor Vehicles (DMV) is your resource for any questions regarding your business’s vehicles and classification.

What Does Commercial Auto Insurance Cover?
Commercial auto insurance can offer numerous coverage options, including:

Collision insurance. This can help cover damage to your vehicle sustained in an accident.
Comprehensive insurance. This coverage can help pay for damage from non-accident mishaps, such as weather damage, fires, theft or vandalism.
Hired/non-owned auto liability insurance. This liability coverage often covers vehicles not owned by your business but used by you for business purposes. These may include employees’ cars or vehicles that you rent or hire for temporary use.
Liability insurance. This coverage can help pay for the damage you do to others when an accident is your fault.

Bodily injury liability coverage can pay for third-party medical bills and sometimes death benefits.

Property damage liability coverage can pay for damage to the other party’s property.

Medical payments/personal injury protection. If you’re hurt in an accident, this coverage may help pay your or a passenger’s medical bills. Sometimes it may also cover other losses, such as lost income.
Uninsured/underinsured motorist insurance. This coverage may help protect against damage caused by someone else who doesn’t have suitable liability coverage.

What Does Commercial Auto Insurance Cost?
Various factors influence the price of your commercial auto insurance policy, including the type of coverage you choose, your kind of business, your location and the value of the vehicles you want to insure commercially.

At McGuire Insurance Agency, we can help you get a commercial auto insurance policy that meets the needs of your business. Call us today at 606-886-0008 to get started with the coverage your commercial vehicle needs in Kentucky.