Commercial Auto Insurance
Commercial auto insurance is liability and physical damage protection for business owned vehicles, such as cars, trucks and vans, that are used in a business. Commercial vehicles are exposed to more risk than personal vehicles, and have their own specific insurance policies. A commercial auto policy typically includes auto liability and auto physical damage coverages. Other coverages available by endorsement, such as the business auto policy (BAP), which addresses the needs of most commercial entities with respect to auto insurance.
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:
Liability – Physical Damage – Medical Payments – Uninsured Motorist Coverage and Loss of Use – Hired Auto – Non-Owned Coverage
Keep in mind
Commercial auto insurance isn’t just for big industrial vehicles like semis or construction equipment. Many automotive businesses use business vehicles to transport clients, pick-up and transport parts and supplies, and these businesses might also need a commercial auto policy.
Trap for the unwary
Commercial auto insurance isn’t necessarily limited only to your vehicles. If your employee uses his or her own car on a task for your business and get into an accident, your business could be held liable. The correct commercial auto coverage will ensure that you are still protected even in these circumstances.