When it comes to the benefits you offer your employees, a company car may be one of the best investments you make. Not only does it ensure that your employees are presenting a consistent image when out there visiting clients and potential customers, but it can also help to ensure their safety. Like any other vehicle, company cars must be insured according to your state's insurance requirements. In addition to the minimum state requirements, there are a few other things to consider for your business auto insurance.

Don't Skimp on Liability Protection

Company cars are the responsibility of the business as well as the employee that you give the car to. That's why it's important that your company's auto insurance policy carries sufficient liability protection to protect your business from the threat of legal action after an accident. Your insurance agent can tell you what the best limits are for your policy, but the higher your liability limits, the more the insurance can pay to protect your business in the event of an accident.

Protect Your Company Property

It's important to remember that while the company car may be in the possession of an employee, it's still a company asset. You should protect it as such. Talk with your commercial auto insurance agent about investing in sufficient collision and comprehensive coverage to ensure that the car is repaired in the event of any other damage.

This coverage is ideal for single-car accidents, theft, fire, and similar incidents. Since employees, road conditions and criminal elements are all unpredictable, it's in your company's best interest to be protected from these things. Since they're based on the value of the car, you just need to provide the make and model specifics to your agent.

Bridge the Coverage Gap

If you decided to lease the cars, you'll want to consider adding gap insurance to your investment. Gap insurance is designed to protect your company from a significant financial loss in the event that the car is totaled and the vehicle's value is less than the outstanding amount on your financing. The gap insurance will pay the difference up to the policy limit you select.

Choose Roadside Protection

Most auto insurance companies offer roadside insurance now. This is an important investment, because it gives your employee the ability to call for a tow truck and pay for a rental car while the car's being repaired. The insurance policy is designed to pay your company back for the costs of the towing and the rental car within the policy's defined benefit limits.

If you've been thinking about investing in a fleet of company cars for your staff, talk to your commercial insurance agent, like those at Graber Insurance, about these coverage options.