Commercial Auto Insurance in Georgia – What Type of Coverage Do I Need?
If you’re running a business in Georgia, you’re probably wondering what type of coverage you need. There are several types of coverage to choose from, as well as the cost. These are all important aspects of obtaining the right policy for your business. Read on for more information. In this article, we’ll go over what each coverage type covers and what it costs. You’ll also learn what’s required by law.
Having commercial auto insurance in Georgia is essential for any business, regardless of the size or type of vehicles. It will protect your business from loss and damages from accidents, weather and natural disasters, as well as vandalism. If your business uses cars for work purposes, you may want to get a different policy. However, you will still have to carry some liability insurance. Commercial auto insurance is not the same as personal auto insurance, so you should carefully review all your options.
Liability car insurance is the only type of coverage required by law in Georgia. This insurance covers both bodily injuries and property damage if you are at fault in a crash. The policy pays medical bills and funeral costs if you are at fault in an accident, and it also covers damages to others’ property. In case of an accident, liability insurance will cover the damages and costs incurred by the other driver. The minimum liability insurance limit in Georgia is $25,000.
Georgia’s insurance laws require that businesses carry a certain amount of liability coverage. These minimum limits are $25,000 per person, $50,000 per accident, and $25,000 for property damage. Depending on the type of business, some policies may require higher limits. When choosing a commercial auto policy, businesses should select the coverage limits necessary for their unique risks. Underinsured drivers can easily lead to huge out-of-pocket expenses.
For example, drivers with excellent credit may pay $322 less than drivers with average credit. Drivers with bad credit, on the other hand, could end up paying more than $1,169 annually. In addition, different rules apply to drivers in different cities within the same state. The following is a guide to comparing Georgia commercial auto insurance costs. The average cost of full-coverage auto insurance in Georgia depends on a number of factors.
If you run a business, you should consider purchasing commercial auto insurance in Georgia. You may be surprised to learn that it can be expensive and tiresome to compare different policies. With the help of online quote tools, you can quickly compare many different insurance quotes. Listed below are the required coverages for commercial auto insurance in Georgia. Regardless of what type of business you run, you’ll need to obtain the appropriate coverages to keep your assets protected.
If you have employees, you must carry workers’ compensation coverage, whether you’re self-insured or not. Other parties may also require evidence of insurance. For example, if you own property, lienholders will usually require evidence of insurance. In addition, your business may need to provide proof of insurance to your lender in order to receive a loan. If your business owns property, you may have to provide proof of the insurance.