As a business owner in Georgia, protecting your assets and ensuring you have adequate insurance coverage is crucial. In Georgia, like in many states, having the right coverage for your commercial vehicles is legally required.
Commercial auto insurance is highly customizable. Your agent can help choose policies, limits and endorsements and compare quotes to get favorable rates.
Legal Requirements in Georgia 
In Georgia, as in most states, businesses that own or operate vehicles are required to carry certain minimum levels of liability insurance coverage. Georgia law mandates that all commercial vehicles have liability insurance with minimum coverage limits. However, depending on the nature of your business and the types of vehicles you operate, you may need additional coverage beyond these minimums.
Georgia’s laws regarding the types and amounts of commercial auto insurance you must maintain are subject to change. Your agent can help you understand the current requirements.
Commercial Auto Insurance Options
In addition to auto liability insurance, your agent may recommend purchasing physical damage coverage for your company vehicles. Collision and comprehensive insurance may help replace or repair your vehicles after a covered accident or incident.
Your agent may also recommend cargo insurance, uninsured/underinsured motorist coverage, medical payments coverage, auto glass insurance and rental reimbursement coverage.
Factors Affecting Commercial Auto Insurance Premiums
Several factors can influence the cost of commercial auto insurance in Georgia, including the following:
- Business type—Certain industries may have higher risks associated with their operations, affecting insurance premiums.
- Driving history—Your and your employees’ driving records can impact insurance rates.
- Vehicle type—The make, model and age of your vehicles will affect insurance costs.
- Coverage limits—Higher coverage limits will generally result in higher premiums.
- Deductibles—Choosing a higher deductible can lower your premiums but will require you to pay more out of pocket in the event of a claim.
While cutting costs by opting for the minimum required coverage may be tempting, doing so can leave your business vulnerable to financial losses in an accident. Without adequate insurance, you could be held personally liable for damages, putting your business and personal assets at risk.
Contact Us
Contact Michelle Allen Agency in Villa Rica, Georgia, to customize your company’s commercial auto insurance coverage to meet your needs. Our team can help you get appropriate coverage at favorable rates.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.