Commercial Auto

Commercial Auto insurance is coverage for the vehicles that people use in business. These vehicles include, but are not limited to, sedans, vans, SUVs, tow trucks, pickup trucks, refrigerator trucks and dump trucks. Companies that have a fleet of vehicles that employees drive need a commercial auto policy.

People who use their vehicles for both business and personal use may also need this kind of insurance. However, a person who delivers hair salon supplies, for example, once a week may not need a commercial policy. However, people in certain occupations who drive a lot may need such a policy. It’s best to consult an insurer to know if a Commercial Auto policy is necessary.

Customary coverages in Commercial Auto insurance policies are:

• Collision: This pays for damages to the body of the vehicle if it is involved in an accident.
• Comprehensive: This pays for damages to the covered vehicle caused by fire, theft, vandalism and other circumstances named in the policy.
• Lliability for property damage: This pays for property damage caused by the driver of the covered vehicle.
• Liability for bodily injury: This pays for injuries or deaths caused by the driver of the covered vehicle.
• Medical payments or personal injury payments: This pays the medical bills of the driver and passengers in the covered vehicle.
• Uninsured motorist: This pays for injuries caused by a driver who is uninsured. It also covers hit and runs.
• Uninsured motorist: This pays for injuries when a driver who caused an accident does not have enough insurance to pay for the injuries or deaths.
• Employer Non-Owned Car Liability: This pays if employees have an accident while driving their personal vehicles on the job.

Another reason commercial vehicle insurance is a wise choice for people in business is that it offers high liability limits. This helps protect the assets of the business. Commercial policies are very specific to the type of business and vehicle. There is a commercial vehicle policy for any type of vehicle in use, although not every insurance company covers every type of commercial vehicle.