COMMERCIAL AUTO INSURANCE
Protect Your Business Vehicles with Commercial Auto Insurance
Accidents involving business vehicles can occur anytime and potentially cause significant financial losses for your business. Commercial Auto Insurance provides coverage for physical damage and liability protection for vehicles used in your business operations.
Commercial Auto Insurance. Simplified.
Why Commercial Auto Insurance?
Commercial Auto Insurance is vital for businesses that own, lease, or use vehicles for business activities. Coverage typically includes:
- Liability Coverage: Protection against claims of bodily injury and property damage resulting from an accident involving your business vehicles.
- Physical Damage Coverage: Covers repair or replacement costs for your vehicles due to collision, theft, vandalism, or weather-related events.
- Medical Payments Coverage: Covers medical expenses for drivers and passengers after an accident, regardless of fault.
- Uninsured/Underinsured Motorist Coverage: Protects against expenses resulting from accidents caused by drivers with insufficient or no insurance.
Who Needs Commercial Auto Insurance?
Businesses of all sizes and industries should consider Commercial Auto Insurance, including:
- Contractors and construction companies
- Delivery and courier services
- Service-based businesses (plumbers, electricians, HVAC professionals)
- Transportation services (taxi, limousine, shuttle services)
- Businesses using vehicles regularly for errands, transporting goods, or visiting clients
Factors Affecting Commercial Auto Insurance Premiums
Several key factors can influence the cost and coverage availability for your commercial auto insurance policy:
- Type and Usage of Vehicles: Vehicles used heavily or carrying high-value cargo generally require more comprehensive coverage.
- Driver History: Drivers with clean records typically lower your premiums, while drivers with accidents or violations may increase them.
- Coverage Limits and Deductibles: Higher coverage limits offer more protection but may increase premiums. Adjusting deductibles can help manage costs.
- Location: Where vehicles operate and park overnight can influence risk assessments and rates.
Types of Commercial Auto Coverage
Commercial Auto Insurance can be customized to meet your specific business needs. Common types include:
- Fleet Coverage: Comprehensive insurance for businesses operating multiple vehicles.
- Non-Owned Vehicle Coverage: Covers liability for employees using personal vehicles for business purposes.
- Hired Auto Coverage: Coverage for rented or leased vehicles used temporarily for business purposes.
- Cargo Coverage: Protects transported goods against damage or loss.
