Affordable Auto Insurance Options
We work with different insurance
companies such as:
* GEICO
* PROGRESSIVE
*COMMON WEALTH INSURANCE,
*DAIRYLAND,
* GAINSCO,
*CLEARCOVER,
* BRISTOL WEST,
* FOREMOST,
* NATIONAL GENERAL,
* ROOT INSURANCE,
OPEN ROAD,
* HAGERTY, AND OTHERS.
Through
these companies, we can provide the following
services and products :
Auto insurance ( property and liability)
Auto Insurance Coverages
- Bodily Injury Liability : Pays for the injuries you, the policyholder, or the designated driver, cause to another person. If you do not carry enough liability insurance and cause a serious accident, you can end up paying large sums of money after your insurance limit is exhausted. Your liability limit is a very important number to pay attention to when it comes to protecting your assets.
- Property Damage Liability: Pays for damage you cause to someone else's car or other property.
- Medical Payments : Pays for medical expenses of the driver and passengers of the policyholder's car.
- Uninsured and Underinsured Motorist : Reimburses you, a designated driver, or a member of your family if one of you is hit by an uninsured or underinsured driver. Coverage is also available if you are injured as a pedestrian. This limit should always be the same as your bodily injury limit. Do not lower this limit to save dollars on your premium.
- Collision: Reimburses you for damage to your automobile if it is upset or impacted by another vehicle or object. This is where the cost to repair your vehicle comes from if you are at fault or if you get hit by an uninsured driver. Increasing your collision deductible is one way to decrease your premium.
- Comprehensive (Other Than Collision): Reimburses you for damage to your auto caused by fire, theft, explosion, earthquake, falling objects, windstorm, hail, water, flood, vandalism, riot or civil commotion, glass breakage, or contact with a bird or animal. Think of this as protection for damages not caused by a collision. Increasing your comprehensive deductible is one way to decrease your premium.
- Additional Coverages Available: Towing expense, rental car coverage, lease/loan gap coverage, extended non-owned, named non-owned, custom equipment, or electronic equipment.
* Automobiles/ Personal auto
*Garage Insurance,
* Parking Insurance,
* Dealership Auto
SPECIAL VEHICLES INSURANCE PRODUCTS
* Trucking Insurance
Types of Trucking Insurance Coverage
- Primary Liability : Every owner/operator or trucking company that operates under their own authority is required to carry primary liability coverage on all owned units.
- Non-trucking Liability : Secondary liability in the event you are moving your truck and currently not hauling under someone else's authority. This is an often overlooked coverage that is relatively inexpensive.
- Physical Damage : Also known as collision & comprehensive coverage, this provides coverage for repair or replacement for damage resulting from a covered loss, such as collision, fire, theft, hail, windstorm, flood, or vandalism to owned vehicles.
- Cargo Insurance : Also known as coverage for your load, this provides coverage for loss or damage to the property on a truck while it is being transported.
- Trailer Interchange :Also known as trailer physical damage for trailers you do not own, but have a contractual obligation to insure. If you are hauling for Amazon this is requirement.
- General Liability : Liability for your business operation. This is an often overlooked coverage and also a relatively inexpensive coverage. If you are hauling for Amazon this is a requirement.
Fleet and Non-Fleet Trucking Insurance Policies Considerations
Customized and competitively priced trucking insurance that addresses the unique coverage requirements for your business includes:
- Semi Trucks running loads nationwide, especially hauling for Amazon
- Nationwide and regional trucking companies with its own authority, fleet and non-fleet
- Dump truck companies hauling sand, gravel, dirt, asphalt, etc.
- Box trucks doing regional small package delivery
- New venture trucking businesses
- Owner/Operators hauling under someone else's authority.
Dayton Financial insurance services agency works with trucking companies all throughout Ohio and beyond. We can custom tailor an insurance program to protect your company, your trucks, trailers, cargo, and your drivers.
We provide:
. Prompt state and federal filings,
- Certificate and proof of insurance issuance in a timely manner,
- Knowledge of your insurance requirements,
All while getting your filings done correctly and on time to keep you on the road! Not all trucking policies are the same.
There are significant savings in making sure you are rated with the correct radius, garaging location, type of cargo, and vehicle size.
If these are not correct, you could be paying much more than you should. We spend time with our clients to make sure they are rated correctly for the hauling they are doing.
*Auto Repair
*Body Shops
*Business/Commercial Auto
Commercial trucking and contract trucking
The main difference between commercial trucking and contract trucking is that commercial trucking is for the general public, while contract trucking is for a limited number of customers:
* Commercial trucking
Also known as common carrier trucking, this type of trucking is open to the general public and is legally required to transport goods or passengers if there is space and the fee is paid.
* Contract trucking
Also known as private carrier trucking, this type of trucking is for a limited number of customers and is often based on exclusive contracts. Contract carriers can offer customized logistics solutions and more predictable cost structures.
Why Do You Need Commercial Auto Coverage?
Commercial auto insurance is necessary for several reasons if you use vehicles for business purposes. Here are some reasons why you need commercial auto insurance:
1. Legal Requirements: In many jurisdictions, it's mandatory to have commercial auto insurance for vehicles used for business purposes. Failing to comply with these regulations can result in fines, penalties, and even the suspension of your business operations.
2. Greater Coverage: Commercial auto insurance typically offers higher coverage limits compared to personal auto insurance policies. This is crucial in case of accidents or damage that may involve higher costs.
3. Liability Protection: It provides liability coverage for bodily injury and property damage that you or your employees may cause while using a business vehicle. Without this coverage, you might be personally liable for such expenses.
4. Business Property Protection: Commercial auto insurance can cover the theft, vandalism, or damage to tools or equipment you have permanently installed in your in your vehicles. This is especially important for businesses that rely on their vehicles to carry valuable equipment.
5. Employee Coverage: If you have employees who drive company vehicles, commercial auto insurance can cover them in case of accidents, reducing your liability as an employer.
6. Rental or Replacement Vehicles: It may provide coverage for rental or replacement vehicles if your business vehicles are temporarily out of commission due to accidents or other covered events.
7. Specialized Coverage: Commercial auto insurance can offer specialized coverage options tailored to the specific needs of your business, such as coverage for delivery vehicles, food trucks, or commercial trailers.
8. Risk Management: Having commercial auto insurance is a crucial part of your risk management strategy. It helps protect your business from unexpected financial losses due to accidents or other vehicle-related incidents.
9. Professional Reputation: Proper insurance coverage can enhance your professional reputation. Clients, partners, and customers may have more confidence in your business when they know you're adequately insured.
10. Peace of Mind: Knowing that your business vehicles and operations are protected by insurance can provide peace of mind, allowing you to focus on growing your business without worrying about potential financial setbacks.
Commercial Auto Coverages
Like your personal auto policy, commercial auto insurance provides similar coverages such as liability, collision, comprehensive, medical payments, and uninsured motorist coverage. However, there are differences such as eligibility, definitions, coverages, exclusions, and limits.
- Bodily Injury Liability Coverage : Pays for bodily injury or death resulting from an accident for which you are at fault and in most cases provides you with a legal defense.
- Property Damage Liability Coverage : Provides you with protection if your vehicle accidentally damages another person's property and in most cases provides you with a legal defense.
- Medical Payments : Usually pays for the medical expenses of the driver and passengers in your vehicle incurred as a result of a covered accident regardless of fault.
- Uninsured Motorist Coverage : Pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
- Comprehensive Physical Damage Coverage : Pays for damage to your vehicle from theft, vandalism, flood, fire, and other covered perils.
- Collision Coverage : Pays for damage to your vehicle when it hits, or is hit, by another object.
*Motocycle
* Snowmobile
* ATV, RV, & Boat
* Personal watercraft
*scooter
* Golf cart
Fore more information about auto insurance definition of concepts, check in the section financial insurance education.