If you are a caterer, then it’s your job to deliver food services to others. You’re probably on the road quite a lot visiting clients, scouting venues and delivering meals. As a result, your business’s success is directly related to your ability to operate the appropriate motor vehicles, but the company also faces the considerable liabilities associated with commercial driving. That’s why every caterer needs to invest in quality commercial auto insurance, regardless of whether they are driving a personally owned automobile or a company-owned and branded vehicle.
Commercial auto insurance is a necessity for caterers, given that they will experience accident risks every time they get behind the wheel. If something were to happen, then not only the vehicle operator, but also the company as a whole could face the consequences.
Commercial Auto Insurance and Its Benefits
Whenever a caterer drives, they will face accident risks. Regardless of whether they are driving their own car to visit a client, or driving their company van to an event, a wreck could easily put a damper on those plans and must be addressed.
- A vehicle that you own on behalf of your company is an investment. Therefore, if it sustains damage, then paying for the repairs could set your business back.
- Problems with one of your delivery vans could make you unable to deliver on your promises to your clients. Therefore, you could have to repay them.
- If you or one of your delivery drivers are at fault in an accident, then you will likely have to pay not only for your own damage and injuries, but also for those of other involved drivers.
Under any of these circumstances, the catering business is a party involved in the accident, and it is likely going to face the financial ramifications. Commercial auto insurance is designed to help the business itself weather these challenges. Its perks can include:
- Physical damage insurance (collision & comprehensive insurance) can cover repairs for a company-owned vehicle damaged in an accident.
- Auto liability insurance will pay when a company driver is at fault for an accident and must repay another driver, pedestrian or building owner for their own injuries or property damage.
- Hired/Non-owned auto liability coverage is an extension of standard liability coverage that will kick in when an employee of the company drives their personal vehicle for business purposes. It will make sure that the company can pay for someone’s liability claim since the company’s driver was still operating on behalf of the business.
And don’t forget, there are numerous other perks available within the average commercial auto insurance policy, and each can assist you when it comes to designing customized benefits for your catering business. Plus, you can further support your policy by ensuring that you have other appropriate benefits like workers’ compensation insurance, inland marine insurance and proper surety bonds in place. Together, these benefits will ensure that you receive ample assistance for all of the costs that might arise form an accident.
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