COMMERCIAL AUTO

Provides Automobile Liability and Physical Damage coverage for “autos” used in your business. “Autos” can include cars, trucks, vans, trailers, or other vehicles designed for use on public roads.

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Liability

… covers injuries or damage to other people or property if you are at fault for an accident.

  • Bodily Injury (BI)
  • Property Damage (PD)
  • Combined Single Limit (CSL) — provides higher limits for both BI and PD under one limit
  • Uninsured/Underinsured Motorists — protects law-abiding drivers (and their passengers) from costs associated with injuries resulting from a car accident with an uninsured driver (or a hit-and-run)
  • Medical payments (for states other than “no-fault” states)
  • “No-fault” states (such as Michigan) require every car owner to buy certain basic coverages
  • Personal Injury Protection (PIP)
  • Property Protection (PPI)
  • Residual Liability — Bodily Injury and Property Damage

It is always wise to purchase an Umbrella policy, which sits over the underlying limits of your Automobile Liability. This strategy protects your business financially by providing higher limits to cover the cost of catastrophic claims and lawsuits.

Physical Damage

… covers damage to your business autos.

  • Collision
  • Comprehensive

Other Common Coverage Options

  • Towing and labor costs
  • Rental reimbursement — for substitute transportation when your commercial auto is being repaired
  • Hired and non-owned auto liability
  • Hired and non-owned physical damage
  • Drive Other Car coverage

Fleet Programs

Companies that own or lease more than five (5) vehicles for business purposes could find that a fleet auto policy is most cost effective. As opposed to a regular commercial auto policy where the value of autos drives the premium, a fleet program is evaluated with regard to risk and exposure, including the drivers of the vehicles. All drivers must be reported at inception and the policy must be updated each time drivers change. Another notable difference is that fleet insurance only provides coverage for liability, the scheduled vehicles, and the drivers — they do not include coverage for any company materials, tools, products, or other belongings that may be in the vehicle at the time of loss.

Garage Keepers Liability

Businesses that work on customers’ vehicles, such as providing repair, service, equipment installation, or parking, are faced with the risk of those autos being damaged or stolen. Garage Keepers Legal Liability insurance provides coverages for customers’ vehicles while in their care, custody, and control. This coverage has three options:

  • Legal Liability — coverage applies to a customer’s vehicle for damage caused by the insured’s negligence (e.g. a vehicle left unlocked/unattended and was stolen)
  • Direct Primary — coverage applies regardless of liability
  • Direct Express — coverage applies regardless of liability, just as Direct Primary does. However, if the insured has no liability, the coverage will only pay in excess of any other available insurance.

ADDITIONAL PRODUCTS

Commercial Package / Business Owners Policy

Commercial Package / Custom coverage that combines two or more coverage forms, such as: Property, Liability, Business Auto, Inland Marine, and Crime.

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Risk Management

Management of risk is an ongoing process. Identifying and analyzing exposures can help minimize risks an organization faces, as well as help to reduce the financial impact of possible losses. Our insurance carriers are committed to helping our clients not only identity and analyze their exposures, but also to evaluate and control risks through placement of proper safety and security controls — as well as implementation of education and training programs.

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“What our clients say”

“Accident Fund has partnered with Goodman Venegas for over 25 years. Their desire to truly understand the intricacies of workers’ compensation insurance has given them a competitive advantage in the industry and has fostered our strong working relationship with them. They have been very active on our various agency councils, providing us input on how we can improve as a company to better assist their clients. Our shared goal of keeping workers safe and claims costs down has created a support network for policyholders that is second to none. We are proud to partner with agencies such as Goodman Venegas and look forward to doing business with them for many years to come.”-Keith Adkins, Vice President of Marketing- Accident Fund Holding, Inc.

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We’re here for you. If you need help, would like to find out more about our agency, or if you are ready to request an insurance discovery session, then let’s talk.

  • 2800 Livernois Road, Suite 170
  • Troy, MI 48083
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