Commercial Auto Insurance in Odessa, TX & Midland, TX
Responsibly running a business requires awareness of many potential risks and exposures, especially if you regularly rely on motor vehicles. Cars, trucks, vans and other automobiles represent significant financial investments, and despite your best efforts, accidents and other damage can happen. Commercial auto insurance may be a necessary loss control measure to offset these financial threats and ensure economic stability.
What Does Commercial Auto Insurance Cover? 
When you have the right commercial auto insurance, you can rely on a versatile and robust financial safety net to cushion potential losses and damages from vehicle-related incidents. These policies can often be customized to suit your unique needs and circumstances, but the following features are generally advisable:
- Bodily injury liability coverage
- Property damage liability coverage
- Collision coverage
- Comprehensive coverage
- Uninsured/underinsured motorist coverage
- Medical payments coverage
- Hired and non-owned vehicle coverage
- Roadside assistance coverage
How Does My Coverage Work?
Commercial auto insurance may consist of various financial protections. In response to covered incidents and if you’ve kept up with your premiums, you can file a claim against your policy. If approved, your insurance carrier can issue a payout to limit losses you would’ve otherwise needed to pay out of pocket. Payouts can cover damages up to your policy’s limits and minus your deductible, a minimum amount you must pay out of pocket.
Who Needs a Policy?
Most states require businesses that use motor vehicles to carry commercial auto insurance. Additionally, lenders may impose coverage-related requirements on vehicles you’ve financed as long as your auto loans remain outstanding. Regardless of official mandates, this type of insurance should be a top priority, as incidents involving automobiles can be costly and lacking financial assistance could lead to significant consequences.
Get the Right Coverage
Proudly serving the Odessa, TX & Midland, TX communities, the team at Nationsplan Insurance stands ready to assist your business in securing the right commercial auto coverage. Contact us today to learn more.