Investment in a commercial auto insurance policy is critical for any company that operates a vehicle as a component of its business operations. In most situations, these policies are long-term, meaning you will need to continue to maintain them year after year. Yet, over time, your needs may change. Updating your commercial auto insurance policy provides a way for you to ensure you remain protected.
If you are unsure what your needs are, connect with our independent insurance agent at Clear Insurance Agency LLC in North Carolina for guidance and support.
When to Update Your Commercial Auto Insurance Policy
There are numerous instances in which updates to a commercial insurance policy are necessary. Consider the following examples:
- You have a new vehicle. Report any change in vehicle ownership to your insurance agent.
- If you started or stopped using your vehicle as a component of your business, report that and update your policy to reflect it.
- Are you adding new drivers to your business? They may need to meet specific requirements to operate a vehicle. Be sure to update those factors.
- If you are using your vehicle for a new purpose, perhaps one with a higher risk factor than you were using, make sure to communicate that to your insurance agency.
- Discuss this with your insurance agent if you are seeing an increase in claims, perhaps due to theft or other losses.
Having ample coverage is important. Any changes and modifications need to be addressed to ensure that you can receive protection if you need it.
Reach Out to a Trusted Agent for Help
At Clear Insurance Agency LLC, we provide clients throughout North Carolina with the hands-on support they need when navigating commercial auto insurance needs.
