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Auto insurance covers your car in the event of collisions, vandalism, etc. Standard auto insurance policy does not provide adequate coverage for vehicles used to carry out work duties. Business owners are advised to take out commercial auto insurance coverage for their company vehicles. It is no surprise that auto insurance for construction and skilled workers may be more expensive than auto coverage offered to other occupations. Such employees drive as part of their work, so they are often charged higher than the general population of workers. With the right provider, construction and skilled workers can get affordable auto insurance. The premium rate for these workers varies from provider to provider, and various factors are considered before the premium is set. Some of the information that insurance companies will assess before setting the premium rate for construction and skilled workers includes:
Someone with a good driving record and an average drive time is considered low risk, as opposed to someone with a bad driving record and an increased drive time. Also, providers tend to charge lower premiums from older drivers than teenagers or young adults.
Working in the construction business influences your auto coverage rates because of the nature of the job. However, you may be able to save on your insurance if you have a good driving record and have some road safety installations in place. Providers see people with increased drive time as high-risk because the longer you are on the road, the higher are your risks of getting involved in accidents. Also, providers tend to be more lenient towards policyholders with higher education than those with only a high school diploma, as they consider the former to be more responsible drivers. Since the majority of construction and skilled workers lack higher education, they may be charged higher rates.
Although construction industry employees tend to get expensive auto coverage rates, they enjoy certain benefits, such as life insurance, dental insurance, 401k or other retirement planning options, vision care, disability insurance, and health insurance. Generally, it is the full-time employers that get to enjoy group health benefits, while the part-time ones have to purchase individual plans.
Commercial auto insurance for construction and skilled workers usually has some standard coverages. These include:
You will be covered for court fees and other expenses if you are sued for a road accident. However, you may have to pay significant out-of-pocket costs if you do not have adequate coverage.
Your commercial car insurance pays for the medical expenses incurred by you and other passengers in the event of an accident.
Collision coverage pays for damage to your work vehicle, even if you are at fault.
If you ever get hit by an uninsured or underinsured motorist, your coverage can help pay for the damages.
Commercial auto insurance also covers non-collision damages, like vandalism, theft, and fire. If you want to learn more about auto insurance policies for construction and skilled workers, contact the experts at Weeks & Associates Insurance Services in Thousand Oaks, California. We are ready to assist you with all your coverage needs today.
