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Commercial Auto Insurance

Commercial Auto Insurance

Commercial auto insurance is needed for businesses that use several vehicles in the course of a business day. Learn more about commercial automobile insurance, how it works and all it can provide.

What It Is & Who It’s For

Commercial auto insurance, also called commercial vehicle, fleet insurance or automobile insurance, is a large auto insurance policy that covers a business that uses several vehicles for the business. It covers all the vehicles as well as the drivers of the vehicles. The difference between a commercial and a regular auto insurance policy is that the commercial policy covers more cars and people and also has large coverage amounts.

Basic automobile insurance is just not made to cover many vehicles and employees. They’re also not designed to provide coverage for the many unique problems that come up in a business that are not typically found with an individual. Businesses that use their company vehicles to transport their product need the assurance that their vehicles, drivers and products are protected in the case of an accident or lawsuit.

How It’s Used

Commercial vehicle insurance provides coverage for all the employees and the business owner. It provides coverage to vehicles damaged as well as liability coverage to any drivers that may be involved in business-related accidents or are being sued because of them. It can also pay for legal expenses for the employee being sued. Commercial policies offer various amounts and types of coverage, which are chosen based on the type, size and needs of the business.

You’ll generally see the following types of coverage in a commercial vehicle policy.

• Comprehensive
• Collision
• Uninsured/Underinsured motorist
• Medical
• Property damage liability
• Bodily injury liability

There are many benefits to owning a commercial automobile insurance policy, but the biggest benefit is that you’ve worked hard to build your business. Why take the chance of losing it in a lawsuit or accident when a commercial policy can provide you with the extra protection you need? Another benefit is that if offers various types and coverage amounts for each type.