Commercial auto insurance is liability and physical damage protection for vehicles, such as cars, trucks and vans, which are used for business. Commercial vehicles require a separate policy because they’re typically exposed to more risk than personal vehicles.
Commercial auto insurance isn’t just for industrial vehicles like semis or dump trucks. For example, businesses that use a car to run errands, or carry tools, or transport clients might also need a commercial auto policy.
Coverage can often be customized to match your business needs. Selecting commercial vehicle insurance coverage that meets your specific needs is vital to protecting your business and income. A commercial auto insurance quote typically includes:
includes both Bodily Injury and Property Damage.
Bodily Injury Liability: If you cause an accident that injures other people, your Bodily Injury Liability insurance will pay the amount you are legally obligated to pay for those injuries and related costs, which can include
As part of your Liability Insurance, Bodily Injury coverage not only protects you from paying for these expenses out of pocket, but also pays for your legal defense if you are sued as a result of your involvement in an accident.
Property Damage Liability: If you ever cause an accident, your Property Damage Liability coverage will pay for the damage done to anyone else's property, whether it's another vehicle, a lamppost, or even a house, up to the selected amount. As part of your Liability Insurance, Property Damage coverage also pays for your legal defense costs if you are sued as a result of these damages.
provides liability insurance you lease, hire, rent, or borrow to use in connection with your business.
can cover your liability when one of your employees occasionally uses his or her personally-owned vehicle for your business. That said, you should include all vehicles either owned or used regularly by your business on your commercial auto policy. Non-owned insurance extends the liability coverage on your commercial policy to your employees’ vehicles, but only for occasional use. Coverage could only apply as long as the vehicle is not owned, registered or contracted in the business’s name or on its behalf.
includes both Bodily Injury and Property Damage coverage. It is a coverage that protects you if you're involved in an accident with someone who does not have Liability insurance or does not have enough Liability insurance to pay for your damages.
Uninsured Motorist Bodily Injury insurance (UMBI) pays for injuries, such as medical expenses, that result from an accident caused by a driver who is uninsured. UM insurance also protects you and your passengers if struck by a hit-and-run driver.
Covered UM expenses for you and your passengers include:
Uninsured Motorist Property Damage insurance (UMPD) pays for damage an uninsured driver causes to your vehicle. Uninsured Motorist Property Damage insurance may also protect your vehicle if a hit-and-run driver damages it. Covered property may include personal property as well as your vehicle, depending on the state.
extends Liability insurance to hired and other non-owned vehicles, and vehicles you purchase during your policy term. In order to purchase Any Auto coverage, you need to have a contractual agreement stating that you need this type of coverage.
It's important to note that Any Auto coverage can't be purchased if you have Hired Auto or Non-Owned coverage, and Any Auto coverage doesn't include Physical Damage coverage, such as Collision or Comprehensive.
When looking for Business Auto coverage, we are here to help!