Commercial Auto Insuranceadmin2023-08-10T20:50:34+00:00
Mountain Pacific Insurance
Commercial Auto Insurance in Nevada
Commercial Auto Insurance in Nevada, California, Arizona & Oregon
Mountain Pacific Insurance Services is an independent insurance agency located in Nevada & California. We provide high-quality insurance solutions to our communities in California & Nevada and to residents in Arizona & Oregon.
Commercial Auto Insurance in Nevada
What is commercial auto insurance?
Commercially registered vehicles generally need to be insured with commercial policies. Thus, any Nevada business that has its own vehicles likely needs a commercial auto insurance policy.
Commercial auto insurance is specialized auto insurance for businesses’ vehicles. Policies may cover a business’s vehicles, people in the vehicles, people outside the vehicles, and the business itself.
Most Nevada businesses with their own vehicles should be prepared to get business auto insurance. State law broadly requires minimum coverages, and more coverages are widely recommended.
In specific,state law normally requires at least a 25/50/20 policy. This is a policy with at least $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident, and $20,000 in property damage coverage.
Again, higher limits and other coverages are highly recommended because these requirements offer only very basic protection. A knowledgeable insurance agent can help businesses determine what coverages and limits make sense for them.
The premiums paid for commercial auto policies are usually tax-deductible as a business expense, so long as the insured vehicles are used for business purposes. Before deducting any business expense, however, it’s advisable to speak with a qualified tax professional.
Both commercial auto and personal auto insurance provide coverage for vehicles and accidents, but they differ primarily in the vehicles insured. Personal auto policies are for personal vehicles, and business auto policies for commercial vehicles.
Because business auto policies cover commercial vehicles, these policies might come with a few additional coverage options and.or higher limits. They also can insure vehicles that personal policies are less likely to, such as straight trucks, cargo vans and commercial trailers.
Sole proprietors frequently use their personal vehicles for business-related purposes, which creates a unique insurance situation.
Additional coverages beyond what personal auto policies have as standard protections are often needed, but this typically doesn’t necessitate a full-fledged business auto policy. An endorsement can instead usually be added onto a personal policy, offering limited coverage for business driving at a nominal extra cost.
An insurance agent who specializes in business auto policies will be able to determine whether an endorsement is sufficient, or if a business auto policy is indeed needed.
How can Nevada businesses get commercial auto insurance?
To find the best commercial auto insurance for your business, reach out to the independent insurance agents at Mountain Pacific Insurance. We’re well-versed in the insurance needs of Nevada businesses, and we’re committed to helping you find the most suitable and cost-effective auto coverage for your business’s vehicles.
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.