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California Insurance Blog

Theft and Your Commercial Auto Insurance

California is a magnet for tourists, and rightly so. There are many things to do including visiting Universal Studios, skiing at Lake Tahoe, and catching a fish at Fisherman’s Wharf in San Francisco. With so much to do, it is easy for business owners to become the victim of auto theft. California business owners must be particularly careful since 40% of auto thefts occur near ports and borders.
A missing car from a fleet is devastating to say the least. The fleet manager or business owner must make sure that the driver has the ability to work while the car is missing, but they also have to work with the police for the investigation and file a claim on their insurance. Any missteps can significantly impact the time it takes to get a new car, which hinders business operations.

Tips to Protect Your Business from Auto Theft

Avoidance is always the best practice when it comes to concerns with liability with commercial auto insurance. The following are a few things you can do to reduce the likelihood of your company car being stolen.

•    Purchase cars that incorporate advanced anti-theft technologies.
•    Purchase aftermarket products that enhance the security of your company cars.
•    Require employees to remove personal items from cars that are unattended.
•    Protect license plates with tamper-proof mechanisms.
•    Require employees to park in shelters and garages whenever possible. 
•    Always lock company cars when they are unattended.

Since the likelihood of recovering your company vehicle is only 50% percent within the first week it’s stolen, and reduces drastically beyond that point, you want to make sure that your employees are doing everything possible to safeguard your vehicles.

Ensure You Have Adequate Commercial Insurance Coverage
In addition to the aforementioned measures, you want to make sure that the commercial auto insurance coverage you have covers replacing your company car. Companies that purchase only the basic form insurance coverage may find that their insurance coverage isn’t sufficient with regard to car theft. 

Our local agents are available to help you determine the best insurance coverage for your company vehicles by comparing the difference between basic coverage and other types available. With one quick phone call, you can get a commercial insurance quote that will protect your cars and your business.

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