Commercial auto insurance is a type of insurance policy that covers vehicles used for business purposes. It provides physical damage and liability coverage for amounts, situations, and usage not covered by a personal auto insurance policy. Here are some key points to know about commercial auto insurance:
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Commercial auto insurance is needed to cover the cars, trucks, and vans used in conducting your business, including company cars, to a wide variety of commercial trucks and vehicles.
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Commercial auto insurance covers many types of commercial vehicles, such as box trucks, food trucks, work vans, and service utility trucks, including coverage for employees operating the vehicle and possibly the equipment inside.
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Commercial auto insurance policies usually offer higher liability limits than personal auto insurance policies.
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Commercial auto insurance typically provides coverage for liability damages, collision or comprehensive physical damage loss to your business autos, medical expenses for injury to occupants of your business autos, and damages sustained by occupants of your business autos due to the negligence of an uninsured or underinsured motorist.
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Commercial auto insurance can be customized with additional coverages, such as roadside assistance, new vehicle replacement cost coverage, and more.
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Commercial auto insurance is important to safeguard your business assets from lawsuits and financial losses if there’s an accident.
If your business owns vehicles, a commercial auto insurance policy can provide valuable financial protection to you and your employees while driving a company-owned vehicle or a hired or personally-owned auto in your business operations.
