Commercial Auto Insurance is a type of insurance coverage that provides protection for vehicles used for business purposes. Whether you own a fleet of delivery trucks, have employees driving company cars, or use your vehicle for business-related tasks, Commercial Auto Insurance is essential for safeguarding your business against various risks on the road.
Key Features of Commercial Auto Insurance:
- Liability Coverage:
Protects your business if you or your employees cause injury or property damage while driving a company vehicle. This coverage helps pay for medical expenses, legal fees, and property damage costs.
- Collision Coverage:
Covers the cost of repairs or replacement for your commercial vehicles if they are involved in a collision, regardless of fault.
- Comprehensive Coverage:
Provides protection against non-collision events, such as theft, vandalism, fire, or natural disasters. It helps cover the cost of repairs or replacement for covered incidents.
- Uninsured/Underinsured Motorist Coverage:
Steps in if your commercial vehicle is involved in an accident with a driver who doesn't have insurance or has insufficient coverage. This coverage helps pay for your medical expenses and damages.
- Medical Payments Coverage:
Pays for medical expenses for you, your employees, and passengers in your commercial vehicles, regardless of who is at fault in an accident.
- Non-Owned Auto Coverage:
Extends coverage to vehicles that your business uses but doesn't own, such as employee-owned vehicles used for business purposes.
- Loading and Unloading Coverage:
Provides coverage for property damage that may occur while goods are being loaded or unloaded from your commercial vehicles.
- Hired Auto Coverage:
Offers protection when your business rents or borrows vehicles for business purposes. It covers liability and physical damage for these rented or borrowed vehicles.