Are Commercial Auto Insurance Policies Different in Each State?

One common question that many small business owners with commercial vehicles have is whether their insurance policies would be the same in any state, or whether they would be different from state to state. This is important for several reasons, and here, we’ll discuss a few specifics about what to expect.

The basics of commercial auto insurance will be the same anywhere you go. This includes the types of policies which are available to you, the forms of protection and the coverage they offer. However, from there things definitely change in different locales.

This is due to different legal requirements and specific regulations in various states across the country. One state may set a higher or lower minimum coverage level for a particular type of commercial auto insurance, whereas another may mandate that you add on a specific form of coverage that a different state doesn’t require you to get at all.

Therefore, it’s very important to be familiar with the laws in your state, and how they affect your specific industry. If you’re a licensed professional in a regulated field, in order to maintain that licensure you may also need to meet further insurance requirements.

As a small business owner operating any type of commercial vehicle, this is important if you’re considering moving your business from one state to the next. It’s also worth considering if you’re expanding into new states and regions beyond your current base of operations.

But also, with commercial vehicles, it’s essential to consider how this affects you and your business when you’re involved with interstate commerce. If you’re a commercial truck offering moving services across the country or general freight services, what are your insurance requirements then?

In most cases, the laws and regulations of where your business is headquartered apply, but things may get tricky depending on what type of business you’re in, the vehicle you’re using, the task you’re performing or service you’re providing, and so forth. That’s why it’s always so important to work with an insurance professional who can guide you through the process of obtaining the right coverage.

You don’t want to get stuck being unprotected when you need it the most, but you don’t want to end up paying for excessive policies that you don’t even need either. Be sure to consider where you live, the type of vehicle you have, what you do, and other specific industry requirements, and work with an experienced insurance agent who will find the right policy for you.

John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida commercial insurance for more than 10 years. ACI is known for their customer service, their extensive experience and knowledge of the industry, and their affordable rates, and they’ll do everything they can to meet the needs of their clients.

Commercial Insurance for Non-Emergency Medical Transport and for Other Specialty Vehicles

Generic auto insurance and general liability policies are not adequate for many business types, and the vehicles they utilize, or services they provide. Very specialized forms of coverage are available, and it’s crucial to find the right policy. This holds true for the very important roles of the emergency and non-emergency medical transport industries.

What is non-emergency medical transport? These companies provide crucial transportation and assistance for elderly individuals, as well as those combating a range of disabilities, illnesses and physical or mental health conditions.

As opposed to a taxi service, which would be woefully unable to help, or an ambulance, which only provides emergency transportation, non-emergency medical transportation serves that area in between. This is when careful assistance and unique capabilities are required, but there is no pressing emergency.

Think about how this type of vehicle and business faces a unique set of circumstances and risks. They are providing cared transportation for individuals who may be in wheelchairs, have a range of medical conditions, and more.

There is also a range of specialized equipment being utilized, and typically there is training involved to help operate it, and provide the core services to the individuals being transported. They may be hired on a one-off basis, or may provide recurring transportation and assistance to clients, and could operate as their own business, or as a contracted service via a nursing home or care center.

Of course, emergency transportation services also require their own insurance coverage, too. This is increasingly becoming a privatized area in certain locales as the world of healthcare continues to shift.

Another niche industry which provides a specialty service with unique vehicles and sets of risks is that of environmental hazard transportation, cleanup and removal. Once again, a commercial insurance policy for this type of business must be tailor-made to the very unique circumstances, specifications and risks being encountered.

These are only a few examples of specialty vehicles and niche industries where very specific forms of commercial insurance come into play. Generic liability policies simply are not up to the task. They won’t protect the business owner or the business in an appropriate manner, and that could come back to haunt them down the road.

As always, it’s important to work with a qualified and experienced individual who knows the ins and outs of these different industries, and the forms of insurance coverage designed for them. Find a policy which is tailor-made for your business, no matter how niche or different you think it may be.

John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida commercial auto insurance for more than 10 years. ACI is known for their customer service, their extensive experience and knowledge of the industry, and their affordable rates, and they’ll do everything they can to meet the needs of their clients. They also now serve the Georgia and Louisiana markets.

Types of Specialty Vehicle Commercial Auto and Truck Insurance Policies

When you’re dealing with commercial auto and truck insurance policies, you may think that most vehicles simply fit into a broad umbrella classification. For instance, if you’re operating any kind of truck, then you need commercial truck insurance, and it’s that simple and straightforward. Except that’s not really the case. Here, we’ll go over some of the very specific types of commercial vehicle insurance policies which are out there.

All types of specialty vehicles and trucks have their own types of insurance policies. This makes sense, as different vehicles are used in different ways. They face different risks, perform different tasks or services, and operate in different industries. That’s why there’s really no such thing as a generic commercial truck insurance policy, but instead, dozens of different types of specialty coverage plans.

So what are some of the types of specialty truck insurance to be familiar with? Staring with big rig or 18 wheeler trucks, different applications such as general freight, long haul, and commercial movers have different policies, as do owner operators.

Big rig trucks can also be specialized themselves, for instance, if they’re refrigerated trucks, or are involved with hazmat transportation. Owners of trucking fleets with many different drivers and perhaps types of vehicles will also find a different coverage requirement than a single person with a single truck.

From there, the world of specialty commercial auto insurance really gets broad and diverse. For example, food delivery trucks, food trucks and ice cream trucks. Then you have limousines, and charter buses or vans, along with taxi cabs, and ridesharing vehicles, such as Uber. Another classification are the companies operating either emergency medical transportation, or non-emergency medical transportation.

Specialty trucks also include specific vehicle classifications such as dump trucks, tow trucks, logging trucks, automobile haulers, waste haulers, wreckers, and on down the line. Truly, it’s a diverse field and this hasn’t even covered everything.

Don’t forget about pickup trucks, vans and regular automobiles. With regular cars, if you’re a business and using that car for any kind of even mundane business function, you may not have realized it, but you need commercial auto coverage beyond your personal policy or else you won’t be protected.

The point is, you need a specific policy that matches that unique type of vehicle and whatever function you’re performing as you operate it. Be sure to consult with an experienced insurance professional who can guide you through this process, and help you obtain the right policy for any specific need or circumstance.

John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida commercial auto insurance for more than 10 years. ACI is known for their customer service, their extensive experience and knowledge of the industry, and their affordable rates, and they’ll do everything they can to meet the needs of their clients.

Why General Liability Insurance for Business Is a Must

Businesses are more prone into law troubles – both the serious and the frivolous kind. There are many unpredictable things that can occur in the course of running a business. This is why it is important to invest in a good general liability insurance that can cover your business in all such legal troubles without causing you financial loss or unnecessary issues.

You can get a general liability insurance policy for all kinds of businesses – be it a community store, major corporation, or even an online business. When you start a venture, you are in charge of the profit, and your employees depend upon you. This means it is very important for you to have your business properly protected not just for your benefit but also for the people who are counting on you for income to support their families.

A general liability insurance thus safeguards you from unpredictable flaws that may lead to legal proceedings. To ensure timely benefits from your policy, you must keep all insurance papers in place and you should also fully understand your rights under your general liability insurance.

Getting a general liability insurance can also be the legal provision in many states to start your business. So before commencing a new business, it is important for you to check with all the local laws to see that you meet the necessary insurance terms. After this has been done, speak to the insurance agent of a reputed company and get a prolonged general liability insurance policy that can get you good coverage at low premiums for the future.

Below is the list of five common legal risks faced by several businesses:

#1 Legal structure: While setting up a business you need a legal structure that comes in a variety of choices. Each choice of the legal structure varies in terms of taxation, documentation, liability, etc. Moreover, the legal structure of a business also determines how the management and operations decisions are to be made. Which is why it is important to understand the benefits and drawbacks of each legal choice. Also, you should be knowledgeable about the structure you have chosen. Any mistake in the legal structure might lead to legal troubles.

#2 Employment law: Employment law cases involving unjust termination and discrimination claims are on the rise. These laws are broad, complex and change frequently. Thus to save you from getting into unnecessary haggles it is important to know and understand the common employment law risks and have a complete employee manual that is followed conscientiously by management.

#3 Security laws: To increase the capital for your business you may take money from investors, and in return they get some type of claim on the ownership or profits of your company. State and central government agencies closely monitor this process, and those who fail to follow the securities laws will have to pay hefty penalties.

#4 Partnership and Succession risks: Business partnerships are common and so is the stories of many such relationships turning sour. In case of an accident, death, disability or other circumstances are nearly unavoidable in the long run. Therefore, It is important for you to plan ahead of times while getting into a business partnership so as to avoid future risks.

#5 Contract risk: Contracts are fundamental agreements that define the relationships between your company and its partners, customers and suppliers, etc. Whether your company outlines the contract or simply executes them, not knowing, understanding or agreeing with the contract terms can result in disputes or even other financial troubles. Moreover, operating on a “communicative” deal with no written terms can result in unmet expectations and costly lawsuits. The best practice is to get all your agreements done in writing well in advance.