Commercial Auto Insurance provides coverage for your business’ automobiles for damage and liability coverages for amounts, situations, and usage not covered by standard personal auto insurance. Commercial Auto is a type of business insurance that provides coverage for a vehicle if it is used in relation to the operator’s occupation, profession or business, outside of commuting. Such examples of when a Commercial Auto policy is needed are:
When the vehicle is being used for the transportation of goods or people on a fee basis or if the auto is being used to provide a service.
Commercial Auto Insurance could also be needed for higher limits of liability coverage due to the nature of your work. This includes when you are transporting a considerable weight in tools or equipment or the towing of a trailer which is used to conduct your business services.
Commercial Auto Insurance could also be required if employees are operating the vehicle or if the ownership of the vehicle is in the name of a corporation, partnership, etc.
Just like your personal auto policy, Commercial Auto provides coverages of a similar nature such as comprehensive, collision, medical payments, liability, and uninsured motorists. However, Commercial Auto is different because it may include different requirements of eligibility, definitions, limits, exclusions, and coverages. For example, the majority of Commercial Auto policies are “named driver only”. This means that only the named driver/s specifically listed on the policy can operate the covered vehicle.
Give us a call to learn more about Commercial Auto Insurance to see which type of policy is required for your vehicle and its use. We will answer your questions and guide you through the process to ensure your vehicle has the coverage you need.