How Do I Purchase NC Fleet Insurance?
When looking to purchase North Carolina commercial insurance, the best place to start is to identify a licensed producer (agent or broker) like the ones that we have on staff. A producer can help you decide what types of coverages you need, which policy you should purchase, how to shop for the best policy and coverage, and when your coverages could be more cost-effective. Call if you need help (877) 294-0741.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Having the correct NC commercial insurance can protect your business from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company’s operations.
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All motorized vehicles registered in North Carolina, whether used for personal or business purposes, are required to carry automobile liability insurance state law (G.S. 20-309). When a policy is canceled or nonrenewed, an insurer is legally required to notify the NCDMV of the policy’s termination.
Automobile liability insurance coverage includes payment for medical expenses and damages
sustained by other injured people (i.e. bodily injury) and damages to the property of other
individuals as a result of a motor vehicle accident caused by the insured’s negligence. The
minimum amount of liability coverage required by North Carolina law is:
• $30,000 for bodily injury per person;
• $60,000 bodily injury per accident; and
• $25,000 property damage.
North Carolina has two other statutorily required automobile coverages: Uninsured/Underinsured
Motorist and Personal Injury Protection (PIP). The minimum amount of Uninsured Motorist
Coverage required by North Carolina law is:
• $30,000 for bodily injury per person;
• $60,000 bodily injury per accident; and
• $25,000 property damage.
Most NC businesses are eligible for the Business Auto Policy or Business Fleet Auto Policy. However, certain auto-related businesses such as auto dealers, service stations, and trucking firms are not eligible for this policy. Garage policies and trucker’s policies are available to meet the insurance needs of these types of businesses. Ask your insurance agent which policy is best suited to your business.
North Carolina requires commercial vehicles to have certain insurance coverage and drivers of such vehicles must have valid driver’s licenses and meet certain minimum insurance requirements. These requirements are set in place to protect the public, property and the vehicle owners. In order to help commercial vehicle owners save money on the insurance requirements, there are a few methods that can be used.
Maintain a Good Driving Record
One of the best ways to save money on North Carolina insurance requirements for commercial vehicles is to maintain a good driving record. Insurance companies consider many factors when determining rates, and a clean driving record is one of the most important. Drivers who have not been involved in any accidents or received any traffic violations will usually receive lower insurance rates.
Maintain a Good Credit Score
Insurance companies also look at credit scores when determining rates for commercial vehicle insurance. Drivers with good credit scores are usually offered lower rates than those with bad credit. It is important to keep in credit score in good standing in order to receive the best rates.
It is important to shop around when looking for commercial vehicle insurance. Different insurance companies offer different rates and coverage options. Drivers should compare rates and coverage options to ensure they get the best deal.
Look for Discounts
Many insurance companies offer discounts for various reasons. Drivers should look for discounts such as safe driving discounts, good student discounts, and discounts for having multiple vehicles insured with the same company. These discounts can help drivers save money on their insurance. Call for a quick discussion (877) 294-0741.
Raising deductibles can also help drivers save money on their insurance. Higher deductibles mean lower premiums, but it also means drivers will have to pay more out of pocket in the event of an accident. Drivers should consider their financial situation before raising their deductibles.
Take a Driver’s Education Course
Taking a driver’s education course can help drivers save money on their insurance. Most insurance companies offer discounts for drivers who take these courses. The courses teach drivers safe driving techniques and the importance of obeying traffic laws.
Maintain a Safe and Clean Vehicle
Insurance companies consider the condition of the vehicle when determining rates. Vehicles that are well maintained will usually receive lower rates than those that are not. Drivers should make sure to keep their vehicles in good condition in order to receive the best rates.
North Carolina requires commercial vehicles to have certain insurance coverage. In order to help commercial vehicle owners save money on the insurance requirements, there are a few methods that can be used. These methods include maintaining a good driving record, maintaining a good credit score, shopping around for the best rates, looking for discounts, raising deductibles, taking a driver’s education course and maintaining a clean vehicle. By following these tips, commercial vehicle owners can save money on their insurance.
WHAT KIND OF INSURANCE IN GENERAL DO I NEED TO PURCHASE FOR MY BUSINESS?
Many kinds of insurance are available to your North Carolina based businesses. Which one you should purchase depends upon the individual risk characteristics of your business, and the type(s) of loss you want to insure against. One of our NC licensed insurance producers/agents/brokers will be able to present you with different policy and coverage options. It is important to understand that a producer’s proposal is just that—a proposal.
When all is said and done, it is your choice. Make an informed decision about which insurance best fits your business and offers you the desired level of protection. The relationship you build with your producer/agent/broker is extremely valuable in this critical decision-making process. Our experienced, licensed producers/agent/broker/ deal with lots of businesses similar to yours and can offer you the benefit of their knowledge to ensure that you do not have gaps in coverage.
Commercial insurance can be complicated, so be sure to discuss any terms, conditions, or concepts you are not familiar with or do not fully understand with your producer. One of the services producers provide is their ability to answer your questions and help you understand the insurance you are considering.
While your business may not need all types of commercial coverages, it is a good idea to have basic knowledge of the types of insurance coverages available. As your business changes and expands, you should reassess your coverages and determine what additional coverages you may wish to purchase. This is particularly true if your business grows and new risk exposures arise.
As a business owner, you should consider purchasing limits higher than the minimum limits required by law. Also, if you carry passengers or property for a charge (or even in some cases transport your own property), you may be subject to state or U.S. motor carrier laws. If so, you will be required to carry more than these minimum limits of liability.
You should check with your insurance agent to determine what types of coverage you need to operate commercial vehicles. You should also contact your city, county, and other state government agencies as well as
the U.S. Department of Transportation and the Interstate Commerce Commission to check for any other insurance requirements.
North Carolina is a state located in the southeastern United States, along the Atlantic coast. It is bordered by Virginia to the north, South Carolina and Georgia to the south, and Tennessee to the west. The state is known for its varied geography, ranging from the Appalachian Mountains in the west to the Atlantic Ocean in the east. North Carolina is also home to numerous historical sites, such as the Wright Brothers National Memorial, the USS North Carolina Battleship Memorial, and the Cape Hatteras National Seashore.
Despite its well-known history and attractions, there are many lesser-known facts about North Carolina. Here are just a few:
1. North Carolina is home to the world’s first artificially-created waterfall. The waterfall, located near the town of Tuxedo, was created by engineers in 1925 in order to provide water power for a nearby mill. Today the waterfall is a popular tourist attraction and a great spot for fishing.
2. North Carolina is home to the nation’s oldest state university. The University of North Carolina at Chapel Hill was established in 1789, making it the oldest public university in the United States.
3. North Carolina is the only state in the nation with a state-sponsored aquarium. The North Carolina Aquarium at Fort Fisher, located near Wilmington, features numerous species of aquatic life, including sharks, stingrays, octopuses, and sea turtles.
4. North Carolina is the birthplace of Pepsi. The soft drink was first created in New Bern in 1898 by Caleb Bradham.
5. North Carolina is home to the world’s largest open-air market. The State Farmers Market, located in Raleigh, covers more than 400 acres and features over 300 vendors selling fresh fruits, vegetables, flowers, and other goods.
6. North Carolina is the birthplace of Krispy Kreme doughnuts. The first Krispy Kreme store opened in Winston-Salem in 1937 and has since become a popular franchise.
7. North Carolina is home to the world’s oldest living tree. The tree, a type of bald cypress, is estimated to be between 2,000 and 3,000 years old and is located in the Great Dismal Swamp National Wildlife Refuge.
8. NC is the leading producer of sweet potatoes in the United States. The state produces over 50 percent of the nation’s sweet potatoes.
9. North Carolina is home to the world’s largest natural-gas field. The Sanford Gas Field, located in Lee County, is estimated to contain more than 4 trillion cubic feet of natural gas.
10. North Carolina is home to the world’s longest golf course. The Pinehurst No. 2 course, located in Pinehurst, is 8,000 yards long and is considered one of the most difficult courses in the world.
These are just a few of the many interesting facts about North Carolina. From its unique geography to its historical attractions, North Carolina offers visitors a wealth of opportunities to explore and discover.