If you use your vehicles to transport or conduct work-related errands for your business consider purchasing commercial auto insurance. Your personal auto policy excludes certain business usage and vehicle types.
Commercial auto policies offer physical damage and liability coverage for amounts, events and usage not usually covered by you personal auto insurance. Commercial policies cover a variety of vehicles besides automobiles that include box trucks, food trucks, work vans, service utility trucks and coverage for employees driving those vehicles.
Who Needs Commercial Auto Insurance?
You will need to purchase commercial auto if your business:
- Owns, leases or rents cars and trucks for work-related errands
- Your vehicles are used by you or your employees to conduct a service
- Your employees drive their own vehicles to conduct business
- Employees drive vehicles leased, rented, or owned by you for business use
- Your vehicles are used to transport goods or individuals for a fee
What Does Commercial Auto Insurance Cover?
Your commercial auto policy provides coverage such as liability, collision, comprehensive, medical payments and uninsured motorist coverage.
- Bodily injury liability coverage – pays for bodily injury resulting from an accident you were found at fault.
- Property damage liability coverage – provides coverage when your vehicle accidently damages another person’s property.
- Combined Single Limit (CSL) – Liability policies offers separate limits for bodily injury and property damage; A CSL policy offers the same amount of coverage per covered occurrence whether bodily injury or property damage with one person or several.
- Medical Payments – pays for medical expenses of the driver and passengers in your vehicle as a result of a covered accident regardless of fault.
- Uninsured/Underinsured Motorist Coverage – pays for your injuries and property damage caused by an uninsured/hit-and-run; underinsured protects you when an at-fault driver carries insufficient insurance.
- Comprehensive Physical Damage Coverage – pays for damages to your vehicle caused by theft, vandalism, flood, fire and other covered perils.
- Collision Coverage – you are paid for damages when your vehicle is hit or hits an object.
Contact our agents for more information on coverage that best serves your business.