WEDNESDAY, NOVEMBER 20, 2019
 If you own or rent vehicles for your business, commercial auto insurance offers more protection than a personal auto policy. Learn what's covered under this category of business insurance and how you can use it to protect the vehicles your business relies on.
Who Should Purchase Commercial Auto Insurance?
Whether you own a pizza shop with one delivery car or a trucking fleet, commercial auto insurance can be customized to meet your needs. You may want to purchase it if:
- Your business assets include a van, truck or other vehicle
- Employees use company vehicles
- You or your employees use personal vehicles for business reasons
- You use your vehicle to haul equipment, cargo or a trailer
How Does Commercial Auto Insurance Protect My Fleet?
Commercial auto insurance covers a variety of incidents, depending on how the policy is written. Your insurance agent can help you tailor a policy that needs your needs and budget:
- Auto Liability: This takes care of property damage and bodily injury caused by your actions while driving.
- Medical Payments: This pays medical expenses for you or your passengers injured in an accident, regardless of who's at fault.
- Uninsured and Underinsured Motorist Coverage: If a hit-and-run or uninsured driver hits you, this coverage protects you from financial loss due to vehicle damage or medical bills. It also protects you from accidents caused by underinsured drivers.
- Collision Coverage: This covers non-accident events, such as a tree or fence that’s damaged in an accident you cause. This coverage applies to overturned or totaled vehicles.
- Physical Damage Coverage: Choose this coverage to pay for repairs if your vehicle is vandalized, stolen, damaged by covered weather events, or if you hit an animal. It's also called comprehensive coverage.
- Rental Reimbursement: This pays the rental fees on a vehicle while your business vehicle is being repaired or replaced.
- Roadside Assistance: This is great for transportation companies with vehicles constantly on the road. It pays for repairs, towing or other assistance to get your car back in operation.
Examples Of What's Covered By Your Commercial Auto Policy
This type of business insurance covers regular usage, such as driving to meet vendors, clients or partners. It also covers the commute to and from a job site. Taxis, limos, semi trucks, delivery vans and other vehicles are used to transport food and people and are covered by commercial auto insurance.
Consider commercial auto policies that can cover the vehicle that drive your business.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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