How Much Commercial Auto Insurance Do You Really Need?

Oregon law requires all vehicles used for business purposes to carry minimum liability insurance. This includes coverage for bodily injury and property damage if you or your employees are at fault in an accident. However, these minimums may not be enough to fully protect your business from costly claims or lawsuits.

Key Factors That Influence Your Coverage Needs

Several important factors can help you decide how much commercial auto insurance is right for your business:

• Business size and operations: Larger businesses or those with multiple vehicles often face greater risks and may need higher coverage limits.
• Type of vehicles: The value, size, and use of your vehicles, whether you operate delivery vans, service trucks, or passenger cars, can impact your insurance needs.
• Risk exposure: Consider how often your vehicles are on the road, the distances traveled and the types of cargo or passengers transported.
• State and contractual requirements: Some industries or clients may require higher liability limits than the state minimums.

Tailoring Coverage for Your Oregon Business

At World of Insurance LLC, we work closely with Oregon business owners to assess your unique risks and recommend coverage that fits your operations and budget.

Ready to review your commercial auto insurance options? Contact our team today for a personalized quote.

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.