How Bundling Auto and Home Insurance can you save money!

If you are on the hunt for auto and homeowners insurance, purchasing your insurance from the same insurance company can be easy and convenient and save you money on your insurance premiums. Here’s how “bundling” insurance policies works, plus how to decide if its the right move for you

In this Article:

  • How Bundling your Home and Auto Insurance Can Save you Money
  • The Pros and Cons of Bundling Your Home and Car Insurance
  • What to Know Before Bundling your Home and Auto Insurance in Louisville KY
  • Ready to Bundle your Car and Home Insurance ?
    Bundle Home and Car Insurance

    Bundle Home and Car Insurance


    Like any industry, insurance agencies want to secure as much of your home and car insurance as possible. Many Insurance companies in Louisville offer a discount if you purchase multiple insurance policies including home insurance, car insurance, renters insurance and motorcycle insurance.  The most common and money saving insurance combination  is auto and homeowners insurance. According to recent Insurance studies, the average insurance consumer saves 16.1%  on their insurance premiums when bundling these two insurance products. Many insurance companies provide a  discount when you bundles renters insurance, condo insurance, motorcycle, or boat insurance.

Specific home and car insurance discounts vary based on your location and specific situation. Shop around before you make a specific selection

visit Dick Watts Insurance Auto Insurance Louisville KY

Pros of Bundling Your Home and Car Insurance in Louisville:

  • Save money on insurance premiums. The biggest benefit is the fact you could save up to 15 to 20% on home and car insurance with a bundle or multi-policy insurance discount.
  • Streamline your insurance bills with just one insurance company.
  • Lower Your Insurance deductible when you bundle the home and car insurance.

What to Know Before Bundling your Home and Car Insurance Policies:

Bundling can be a great way to save money on your insurance, especially if you need coverage for both your home and cars.  Before making a decision compare the total price of the two least expensive home and car insurance policies. Make sure you are comparing policies that  provide similar levels of car insurance and homeowners insurance . While a certain insurance bundle may seem like a great deal, its coverage may not be as good as other comparable insurance policies.  If you would like to see how much money you can save by bundling your home and car insurance  compare insurance rates with many insurance companies.


Insurance Services to bundle your home and auto insurance

We will work to bundle your home and car insurance to obtain all available discounts including the multiple- policy discounts.  If you place your home and car insurance with the same insurance company you could save 15-20% on your homeowners insurance. We serve Louisvillle, KY,  Oldham County, Shelby County, Jefferson County and Bullitt County.   One way to lower your home and car insurance premiums is with a good credit score.  The higher your credit score the lower your homeowners and car insurance premiums.  We do offer other insurance discounts including paid in full, Electronic Funds Transfer discount, and mutli-vehicle discounts.


Auto Insurance Trick to Lower your car insurance premium

What is Vacant Home Insurance? 

Contact Dick Watts Insurance at 502-245-3625 or




Best Cheap Car Insurance in Kentucky

It’s important to shop around when looking for cheap car insurance in Kentucky, where rates are relatively high. Prices for the same set of coverages can change dramatically from one company to the next, so you’ll benefit from comparing as many estimates as possible. We can shop many A rated auto insurance in companies in Louisville and Kentucky.

What is the cheapest car insurance in Kentucky

What is the cheapest car insurance Kentucky


Cheapest for good drivers in Kentucky

In order to make shopping for car insurance easier we will check with several insurance companies to determine who has the cheapest insurance rates for a specific type of driver.

Cheapest for minimum coverage in Kentucky


Cheapest for good drivers with poor credit

If you have a spotty credit history, it’s important to shop around to find the cheapest auto insurance rates you can. Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent at-fault crash, but prices vary by insurer.

Cheapest for drivers with one at-fault crash

After a relatively minor crash, some auto insurers will charge a lot more than others for coverage.

Cheapest insurance after a DUI in Kentucky

Insurance Louisville Kentucky


Cheapest insurance after a ticket in Kentucky

Insurance companies in Louisville KY

Louisville Insurance

Cheapest for couples and families in Kentucky

Car Insurance Agents Louisville KY

Cheapest for families with a teen in Kentucky

Car Insurance Agents Near Me Louisville

Cheapest for minimum coverage after a crash

Insurance Company Louisville Kentucky

Cheapest for minimum coverage after a DUI

Insurance Agents Near Me Louisville

Louisville KY Insurance

Cheapest for minimum coverage and a ticket

Homeowners Insurance Louisville KY

Louisville Insurance Agency


Recap: Cheapest car insurance in Kentucky

  • Good drivers 
  • Minimum coverage:
  • Poor credit:
  • After an at-fault crash:
  • After a DUI:
  • After a speeding ticket:
  • Married couples:
  • Families with a teen:
  • Young good drivers:
  • Minimum coverage for young good drivers:
  • Minimum coverage for young drivers with poor credit:
  • Minimum coverage for young drivers after a crash:
  • Minimum coverage for young drivers after a DUI:
  • Minimum coverage for young drivers after a ticket:

Minimum required auto insurance in Kentucky

Kentucky car insurance policies must include liability coverage and personal injury protection in at least the following amounts:

  • $25,000 bodily injury liability per person.
  • $50,000 bodily injury liability per incident.
  • $25,000 property damage liability per incident.
  • $10,000 PIP.

Kentucky Business Owners Insurance

Home Insurance provider Louisville KY

auto insurance quote Louisville KY

car insurance quote Louisville

homeowners insurance Louisville

General Liability Insurance Louisville


6 Crucial Things that Determine High-Risk Car Insurance

High Risk Car Insurance

High Risk Car Insurance

Having a DUI Conviction

Insurance companies look at your prior driving record to determine if you have a DUI, tickets or car accidents. Many insurance companies go back at least 5 years. If you have been charged with or received a DUI or DWI in the past five years this could increase your Kentucky car insurance rates. According to many insurance companies, you can expect insurance rates to increase by 25-50% once you have been convicted of a DUI. If you are convicted of a DUI in Louisville your driver’s license may be suspended or revoked. Having a DUI conviction can put you into a high risk auto insurance category. If you already have a DUI conviction, the best thing to do is to shop for comparison auto insurance rates.

Multiple Speeding Tickets and Traffic Violations

Speeding tickets and traffic violations can also influence your Louisville car insurance rates. Multiple speeding tickets or violations indicate that you may be considered a high risk driver for insurance rating purposes in KY. If you have had multiple at fault auto accidents or not at fault accidents can effect your car insurance rates. If you have filed Injury claims or been hurt or injured in a car accident, this  can make it more difficult to get a good rate. If you were involved in a not-at fault accident and hurt or injured and made a personal injury protection or KY No Fault claim then your car insurance rates can be adversely effected.

Lack of Driving Experience, Youthful Driver, New Driver

A lack of driving experience can significantly effect your Louisville car insurance price. Young drivers and drivers that have only just started driving typically pay more premiums than an older more experienced driver.  New drivers can opt to take a Safe Driving course and have a high GPA to help lower overall car insurance rates.

Credit Score for Car Insurance

A poor or low credit score can adversely effect your car insurance rates. Your credit score can also affect your insurance premiums and determine whether or not you will need to pay high risk car insurance rates.

Lapse in Insurance Coverage and Coverage Gaps

If you have gaps in your insurance coverage you may be paying higher auto insurance rates in Louisville Ky. The insurance companies offer the best rates to drivers with six months of consecutive  coverage with no gaps and no lapses in coverage. If you can maintain an in force policy for six months you may not have to pay high risk car insurance rates.

Vehicle Type

The year make and model of the vehicle will partially determine your car insurance rates.  If you have a high performance vehicle or luxury vehicle or an older vehicle with fewer safety features you may end up paying a high risk auto insurance rates.

vacant home insurance

vacant home insurance

What is Vacant Home Insurance

A vacant home can present a lot of obstacles for a homeowner and insurance company.  Because of a lack of occupants, insurance companies view vacant homes as a major liability compared to a typical homeowners insurance policy.Your current insurance company may allow you to add an endorsement to insure your vacant property

Should I get insurance on my wholetail property real estate investing

Wholetail Property

Should I get Insurance on my Wholetail Investment Property in Louisville KY 

Should I get insurance on my wholetail property real estate investing

Real Estate Investing Wholetailing refers to an investing avenue that is a hybrid between traditional wholesaling and retailing.

Wholetail real estate investing is a combination of wholesaling and a full fix & flip rehab. You buy a property at a discount as if you were wholesaling, but then you put the property under contract and fix it up just until it’s good enough to be sold on the Real Estate Market. Wholetailing involves you still buying at a deep discount but instead of selling to another investor, you rehab the property “just enough” so that it can be sold on the Market for retail profits. Essentially, it’s a mix between a wholesale deal and rehab deal.

When wholesaling real estate typically the investor ties up a house under contract after finding a great deal and then searches trying to sell his option rights or contract to another party who actually has the funds to close the deal. Many wholesalers don’t actually have funds to buy properties but simply act as bird dogs searching out the best deals. Wholesaling real estate is also referred to as flipping contracts because you rarely ever take physical possession of the property. It is challenging because since you don’t actually own the property you have a short window of time to line up a buyer.

What Does Landlord Insurance Cover?

Wholetailing Real Estate refers to the practice of finding the investment property and closing on the property instead of selling your contract rights to another investor. When Wholetailing a real estate investor would like to close on the house as quickly as possible. You must actually have the funds to purchase the home in this case. A wholetail house would be something clean enough to live in but priced below the comps and maybe needs a little TLC. We would recommend conducting a Louisville real estate market analysis  and determining the Louisville real estate absorption rate before purchasing the investment property.If you are looking for investment property in Louisville Ky you may want to start searching for foreclosures.

Wholetailing is a new way to make money investing in real estate. Like wholesaling but with a new twist and can make you lots of money. But what is wholetailing and why is it different than wholesaling?

Landlord Insurance 

What is Wholetailing?

Wholetailing is a combination of two different real estate investing strategies: Wholesaling and Flipping but without all the hassle and large expense of a full-blown flip. Instead of a full remodel, wholetailing would be cosmetic updates to the property, like painting the interior and updating the flooring.

Other great ways to increase the appeal of the home, and make you more money would be:

  1. Paint the exterior
  2. Spruce and clean up the front yard
  3. Update the hardware
  4. Replace the fixtures and lighting
  5. Even update the appliances

This will cost a fraction of what a traditional flip will cost and make you a lot more money.

How to Save Money on Landlord Insurance and Specialty Dwelling Insurance

Real Estate Investor and Business Insurance for your investment property.

The best way to save money on landlord insurance is to follow these simple steps:

  1. Increase your deductible on the investment property. A higher deducible results in a lower annual insurance premium
  2. Pay your insurance premium annually to obtain a paid in full discount with the insurance company.
  3. Make sure your rental property is well maintained and the electric, heating, and plumbing have all been updated.
  4. Only file an insurance claim for major items.

Flips / Rehabs   |   Rentals   |   Multifamily   |   Commercial   |   AirBNB / VRBO   |   Vacant   |
New Construction   |   Self-Storage   |   Mobile Home Parks


Investment Property Insurance

Landlord Insurance

Should I get insurance on my wholetail property ?

Even if you are only going to own the investment property  for a short period of time it is good idea to get insurance to protect your investment.  A basic fire dwelling insurance policy will offer coverage for Fire, Windstorm, or Hail Damage.  In addition once you are the owner of the property you have a Liability exposure. If any third parties are injured on the property they may file suit for bodily injury. It is shocking how many RE investors are skipping a critically important part of the process for their wholetail deals. Failing to insure your property could be disastrous.  For more information about Specialty Dwelling Insurance


What you can expect from Dick Watts Insurance

  • Guaranteed Preferred Pricing

You get stable, predictable pricing across the board that is negotiated for you by Dick Watts Insurance Inc.  ahead of time.

  • Flexible Terms and Pro-Rated Refunds

    Policy terms in 6 or 12 months with pro-rated refunds for any unused coverage.

  • Industry Leading Coverage

    Everything you need, and nothing you don’t.

  • Prompt, Friendly Service

    You get a dedicated Relationship Manager and access to our online service center

What kind of insurance does a landscaping company need?

Lawn Landscaping Insurance



When shopping for lawn care insurance, assess your business risks, find an agent with industry experience, prioritize coverage quality over cost, and read the policy’s fine print.

Lawn and landscaping insurance is a group of insurance policies that protect your business. The most common lawn care business insurance policy is general liability, which pays for property damage and bodily injury if you are found legally liable for an accident or occurrence.  Most Lawn Care and landscaping businesses need commercial auto insurance and property insurance to cover equipment and lawn mowers or trailers.  The Commercial Insurance coverage that you need and the cost depends on many factors including the size of your business, annual receipts, the number of employees and subcontractors and the type of work that you perform in your business.

Many landscaping companies should consider purchasing a business owners policy (BOP) which combines general liability insurance and commercial property insurance into one package.


Landscaping insurance is designed for businesses that maintain both commercial and residential lawns or install shrubs, plants, trees, sod and grass. Some companies may also provide landscape planning services or build lawn features like walkways, decks, ponds and retaining walls. Lawn care business insurance may be required to obtain city permits or work with public entities or commercial accounts. The different types of businesses that need landscape insurance include:

  • Lawn care services and maintenance: Mowing weeding, and general gardening services to maintain already completed landscapes.
  • Tree Pruning and Tree removal: Dusting spraying trimming branch and stump removal.
  • Hardscape design and implementation:  Landscapes with rocks, boulders, and other non plant concepts, ponds and waterfalls.


What kind of insurance does a landscaping company need? Typical lawn care insurance costs are based on these factors:

  1. Location: Your city and state location can determine the cost of all insurance premiums. For example if you are located in Louisville, Lexington, or Bowling Green Kentucky your insurance costs may vary.
  2. Payroll:  Workers compensation coverage is directly correlated wit your total annual payroll costs.
  3. Revenue Receipts: Insurance companies may use annual receipts and gross revenue to determine the exposure for liability insurance purposes.
  4. Landscape Work Performed and Type: Some landscapers and lawn care services may be a higher exposure depending on the type of work performed.
  5.  Losses or Claims in the past: Prior claims history can determine the cost of your insurance.
  6. Experience: The total number of years of experience in the business can impact insurance rates.

Should I get Insurance on my wholetail Real Estate Investing Property

Lawn Care and Landscaping Insurance frequently asked questions:

Use an Insurance Agent or Insurance broker who knows the landscaping business. Landscaping insurance is industry specific which means it is a specialty insurance. Make sure your insurance agent or broker takes the time to understand your business and insurance requirements.  Every landscaping business, whether it is a sole proprietor lawn service or an LLC or corporation, should have General Liability Insurance or business insurance to protect the company. Even if you do not have a building to protect purchasing Insurance protects the value of your company


Contractors Insurance 

Commercial Auto Insurance

Roofing Contractors Insurance 

Roofers Insurance

Roofers Insurance Roofing Contractors Insurance


Roofer Is A Top 5 Dangerous Job. Protect Yourself  Roofing Contractors Liability Insurance

You know the risks you face each day as a roofer or roofing contractor. One fall from a roof or ladder can cause severe injuries that could compromise your ability to do your job and earn an income. There are also the risks  of property or equipment damage, and injury to your employees or subcontractors and others near the job site. Roofers Insurance is critical for you in addition to workers compensation insurance coverage. Roofers Insurance is very important for your liability protection and the well being of your business.

The Risks Roofers Face

  1. Roofers die at a rate of 29.9 deaths per 100,000 full time workers
  2. That this 5th highest work related death rate among construction workers.
  3. That is 2 times the average of all construction workers, which is 15.2 % per 100,000 workers.
  4. Approximately 50 roofers die each year mainly from falls

Important Insurance for Roofers To Consider

Roofing contractor insurance comes in many forms. The specific coverage you will need depends on the nature of your business, whether you hire employees or sub contractors in Kentucky and whether or not you work year round. In some cold climates roofers only work 8 or 9 months out of the year, and may devote the coldest months  to other jobs or work or snow removal. Your business is unique and the combination of coverage that makes up your roofing contractor insurance portfolio should be tailored for you.

Here is a quick overview of several different types of business insurance coverage you may want to consider.

  • Business Owners Insurance policy or BOP  This is a combination of insurance coverages designed for the small business roofing owner. You may receive insurance discounts if you bundle some of the coverages together.
  • General Liability Insurance The insurance coverage provides coverage for third party property damage or bodily injury to non-employees.
  • Professional Liability Insurance This coverage may be appropriate for your business if you consult with customers and recommend specific products. It is designed to protect you from the high costs of legal claims if advice or recommendations you provide result is loss to your customer
  • Workers Compensation:  Workers compensation insures your employees if they become injured in work related accident and can provide lost wages if they are disabled and unable to work.
  • Commercial Auto Insurance policy  Protects your cars and commercial vehicles vans and specialized trucks and trailers for your roofing business.
  • Product Liability Insurance:  If you sell products in your work, you  may want to protect yourself against liability Insurance risks.

General Liability Insurance for Roofing Contractors

Now lets examine the details of a general liability or roofers liability policy. Coverage may be included in these specific areas.

  1. Bodily Injury: Protects you if anyone is physically injured at your place of business for non-employees at a job site.
  2. Personal Injury:  Covers any damage to reputation or rights of another business or person, includes issues like slander, libel, copyright infringement privacy or wrongful arrest or eviction.
  3. Advertising Injury: May cover claims of loss by your customers due to a product or service your advertised
  4. Medical Payments  Medical Expenses as a result of injury on your property for non-employees

What is Business Owners Insurance

Business owners insurance sometimes referred to as a “BOP” is designed for small business that do up to $5million in sales and have less than 100 employees. A BOP combines general liability insurance with a few other options

Property Damage – Covers your property and its contents from damage; includes rented or owned office buildings warehouses, storage facilities, garages and other buildings as well as office equipment computers inventory and tools and equipment.

Loss of Income or Business Interruption: Protects your business in the event that a business interruption causes you to cease work and lose income and operating expenses for up to 12 months.

You may be able to carry general liability insurance if you are self employed do not have payroll expenses and do not lease or own a building.

What other insurance coverages Make Sense for a Roofer or Roofing business or contractor

As a roofer or roofing contractor, here are a few options you may want to consider depending on your concerns and the nature of your work. Sometimes these can be added to the business owners insurance policy or you can purchase them as stand alone coverages

  • Tools and Equipment Floater
  • Inland Marine Insurance
  • Commercial Vehicle Insurance
  • Work Performance Bonds

Resource for Other Insurance for Business Insurance


Commercial Auto Insurance or Commercial Vehicle Insurance


Contractors Insurance 

Business Insurance 

Workers Compensation Insurance

What does Landlord Insurance Cover :

Landlord Insurance is a policy for someone who rents out a home they own. This type of insurance typically includes two different types of coverage: property and liability protection. Both coverages are intended to protect you

landlord insurance

Landlord Insurance

Landlord Property Protection

The property protection in a landlord insurance policy typically helps cover physical property related to the home you are renting out. This may include the dwelling itself and equipment you kep onsite to help maintain: Coverage may include :

  • Dwelling This coverage helps pay to repair your rented home, condo or apartment if it is damaged by fire, lightning, wind, hail or other covered cause of loss. Ask about the Named Peril Actual Cash Value policy
  • Other Structures for an additional premium your policy may help pay to repair for damaged to detached structures on your rental property, such as a detached garage or fence, if they are damaged by a covered loss.
  • Personal Property used to service the rental. If you leave a lawn mower or snow blower onsite to maintain your rental property, landlord insurance may help cover this equipment if damaged for an additional insurance premium.  All of the above coverages are subject to deductibles and limits stated on your specific Landlord Insurance policy. Your deductible is the amount you will pay for a covered loss before your landlord insurance kicks in. A limit is the maximum amount your policy will pay after a covered loss. Each coverage typically has its own, separate deductible and limit. You may be able to set your own deductible and limit amounts for these insurance coverages.

Landlord Liability Insurance Protection

The liability portion of a landlord insurance policy may help you pay for another person’s medical bills or your legal expenses if someone else is injured on your rental property and you are found responsible. (Legally Liable)  For example, if your tenant falls down stairs at your rental property and a court determines that you failed to maintain the stairs and or railing, you could be held responsible for your tenant’s medical legal and other costs. In that case your landlord liability insurance coverage may help pay for those expenses up to your policy’s limits

Extra Landlord Insurance Coverages to Consider

Depending on the neighborhood, geographic area or condition of your rental you may want to consider adding on some optional coverages to your landlord policy. These  Extra coverages may include the following

  • Vandalism You may want optional coverage (for an additional premium) to help you pay to repair vandalism damage. If your property is vandalized, that type of coverage is not covered y a landlord policy unless you purchased vandalism coverage. (broken glass is specifically excluded)
  • Burglary While a standard landlord insurance policy may help pay to repair your home if it is damaged in a break in, it  typically will not pay to replace stolen items. Optional coverage may be available for theft of items you keep on the property to maintain the property.
  • Rental Property Under Construction (for an additional premium)  Are you gutting or renovation your rental or investment property? You may be able to purchase additional coverage to help protect the structure until it is ready to be occupied.

Talk with your local independent insurance agent Dick Watts Insurance  to learn what optional coverages may be available and for help understanding how they may help protect you as landlord.

Should I get insurance on my wholetail real estate investment property?


Whiled landlord insurance may help pay for expenses stemming from a number of sudden and accidental losses, you will likely find that some things are excluded from the policy’s coverage. A landlord insurance policy may not cover:

  • Maintenance and equipment breakdowns If the furnace or dishwasher in your rental property breaks down, you will likely have to pay out of pocket any necessary repairs or replacement.
  • Property you share. If you live on the property and rent out a room to a tenant you are not eligible for a landlord insurance policy. Landlord policies are designed for “non-owner-occupied” property.
  • Tenant’s Belongings. Landlord Insurance generally does not cover your tenant’s personal possessions. For that protection your tenants will need to purchase their own renters insurance policy.

Consider the following insurance coverages


What is Commercial Business Insurance?


Homeowners Insurance, Renters Insurance, Landlord Insurance


What is Commercial Business Insurance?

what is commercial business insurance

What is commercial business insurance


As the name suggests, commercial insurance protects business, including business owners and their employees. Because every business is different, there is no one size fits all insurance policy for small business owners.

For example and ice cream shop has a very different insurance needs then a auto repair shop or a golf course. That is why so many small businesses opt for a Business Owners policy (BOP) which combines commercial property insurance, general liability insurance, crime insurance and other coverages into one convenient package. Business owners also have the option to choose Commercial Insurance and Business Insurance coverage based on their specific industry.

Commercial Insurance and Business Insurance definition

Put quite simply commercial insurance or business insurance consists of one or more types of insurance coverage designed to protect businesses, their owners and employee. Many business insurance policies could include basic coverages such as property, liability , crime, and Commercial Auto Insurance. Other optional insurance coverage that may be added for an additional premium include Business Interruption Insurance, Equipment Break Down Insurance, and workers compensation. Add Cyber Insurance and Employee Benefits such as dental, vision, and disability insurance. Surety bonds help ensure that contractors stick to the terms of the construction contract.

Commercial Insurance and Business Insurance Frequently Asked Questions

When it comes to choosing insurance, most business owners want to know what insurance need and how much it will cost. As we have discussed, one of the biggest factors determining what insurance coverage is needed depends on the business types. Other important considerations include:

  • Location
  • Number of Employees
  • Years in Business
  • Gross Annual Revenue
  • Whether the business owns or rents vehicles
  • Whether the business owns, leases or rents the buildings they operate from.

We will work to design a specific policy for your business needs to provide adequate coverage to protect your valuable business .  Dick Watts Insurance is located at 12200 Shelbyville Rd 112, Louisville, KY 40243 and our phone number is 502-245-3625.  We would be glad to provide you with a commercial insurance or business insurance quote.

Commercial Auto Insurance

Commercial Auto Insurance

Commercial Auto Insurance

Simple  buy your Commercial auto Insurance policy from one of our experienced Insurance Agents in only a few minutes, affordable, Whenever and where ever you choose. Pay monthly with amazing prices and absolutely no extra fees. Tailored for your small business, your business insurance is designed to meet your needs.

What is Commercial Auto Insurance?

Commercial auto insurance  is the insurance you need if your business uses any kind of vehicle, from a small sedan to a construction vehicle. For businesses the rely on their vehicles, business car insurance or commercial truck insurance provides a safety net in case of accidents involving equipment, employees, or third parties. Whether your employee drivers over an icy patch and hits a pole or your are loading heavy equipment and accidentally smash a window, your commercial vehicle insurance has your back. If is the policy that covers the cost of damages and injury while keeping your vehicle on the road so that you can keep working.

Commercial Auto Insurance Progressive

What’s Important About Business Vehicle Insurance?  We represent many great Commercial auto insurance companies including Progressive Insurance. For many businesses, vehicles are a major business expense and an essential part of day to day operations. But do you really need more than personal car insurance? Here are a few reasons you may want to upgrade to a commercial Auto policy:

Staying Legal

You may not have a choice. Depending on your business, you may be legally required to have a business auto policy. Make sure you look into this if you:

  • Are paid to transport people or products
  • Have employees (other than yourself) who operates your vehicles
  • Haul a trailer or heavy equipment
  • Provide a service using your vehicle directly

High Stakes

Your business insurance needs are  not the same as your personal insurance needs. Depending on your business, you may need more extensive coverage for materials that you are hauling, equipment or heavy loads. Your business vehicle face far different risks then your personal family auto and might need different insurance coverage.

Commercial Insurance Coverage

If you have employees, you need a commercial auto insurance policy that would provide coverage when operating a company vehicle. If the employee is legally liable for the auto accident then you would look for coverage from the commercial auto insurance policy.

Demonstrating Professionalism in your business

Especially if your vehicle  is directly connected to the service you provide, commercial insurance is important for your customers. Having the right type of auto insurance  indicates that you are prepared and have an insurance policy to cover liability. Your customers will know that they can trust that you are a serious small business owner who takes care of all the details they need.

Commercial Auto Insurance Cheap

We know that as a small business owner you goal is to keep insurance costs at a minimum. The good news is we will work with you to find the best value commercial auto insurance available.

What Does Commercial Vehicle Insurance Actually Cover?

Insurance coverage depends on your specific policy.  Every commercial auto insurance policy is different.  This is just a list of Some Coverages that may or may not be included in your specific commercial auto insurance policy:

  1. Bodily Injury and Property Damage . Bodily injury is the section of your commercial vehicle policy that covers claims of physical injury to a third party.  It can include medical expenses. For example if you fail to stop at  stop sign and strike the other vehicle and the driver or passenger in the other car are hurt or injured. Property damage  is that section of your policy that includes third party coverage for property damage in an automotive accident where you are at fault.
  2. Collision Coverage – An additional Premium is required and this is an optional coverage that you can add. Your rely on your vehicles to work. The collision coverage covers the cost to repair or replace your vehicle once the deductible has been met.
  3. Comprehensive Coverage An additional premium is required and this is an optional coverage that may be added. Comprehensive coverage typically includes theft of the vehicle, vandalism, weather related damage, a deer claim or windshield.

What Isn’t  Covered by Commercial Auto Insurance

Every commercial auto insurance policy has Exclusions.  Review your specific commercial auto insurance policy to determine what is excluded. It is important to know the exclusions in advance.  If an auto accident happens and there is an unlisted driver operating your vehicle this could be excluded. All drivers are required to be listed on the commercial auto insurance policy. Intentional damage or intentional occurrences are not covered by any type of insurance policy.  Be sure to check what exclusions in your policy may be covered by other insurance.  Other Insurance could include your Commercial General liability insurance for contractors.

Calculating Average Commercial Auto Insurance Costs

You will probably notice a wide variety of commercial auto quote prices, which can easily range from $1500 a year up to $3,000 or more per year. Your specific cost will depend on the number of vehicles that you are insuring, but also on the vehicle type, type of use, miles driven, driving records and the type of business.  In order to get an accurate cost efficient commercial vehicle insurance quote, choose a policy that is customized for your particular field. You can also look for monthly payment options and online claims filing service.

Small Business Commercial Insurance Resources

Kentucky Secretary of State

Jefferson County Clerk

Louisville Metro Revenue