Commercial Auto Insurance

Commercial auto insurance is for vehicles used in the operation of your business, including vans, trucks, cars, and any other vehicles you use for business purposes. Coverage offers financial support should your business vehicle or vehicles get into an accident. It also comes into play if any vehicles are stolen or vandalized.

Types of Coverage

Commercial auto insurance policies have four main options – liability, uninsured/underinsured motorist, comprehensive, and collision.

1. Liability coverage protects you if you or one of your employees cause an accident. You will need enough coverage to protect your business from a large claim. This is especially true if someone is seriously hurt or killed.
2. Uninsured/underinsured coverage protects you if another party causes your accident and they are either uninsured or underinsured. This might apply if the person has the minimum coverage required by the state, but it’s not enough to cover the damages. When that happens, the insurance company steps in and covers the difference to help you financially.
3. Comprehensive coverage is for issues such as fire, theft, and vandalism of insured vehicles.
4. Collision coverage comes into play if your business vehicle is in a collision with another car, or with anything other than another vehicle.

As a business owner, you may be concerned about the cost of insurance. Keep in mind that a higher deductible will lower your monthly premiums, but you will have to pay the higher deductible should a mishap occur.

Good commercial auto insurance protects you, your business and your employees.This is an important part of your business expenses, so speak with one of our experts for assistance.