888-900-0205Commercial Auto Insurance
If you ever use a vehicle for business purposes, business auto insurance is a necessity. Without it, you might end up having to pay out of pocket for car accident expenses because personal auto insurance will not cover them. If you and your employees want some peace of mind while on the road, you should learn a little about commercial auto insurance and then obtain a quote for it.
Liability Coverage
Bodily Injury
Property Damage
Medical Payments
Physical Damage
Collision Coverage
Comprehensive Coverage
Uninsured Motorist
Business Auto Coverage
Liability Coverage
Accidents can lead to unexpected expenses, and liability coverage helps shield your business from those costs:
- Bodily Injury: If someone is injured in an accident caused by your business vehicle, this coverage helps pay for their medical expenses, lost wages, and legal fees if you’re sued.
- Property Damage: Covers the cost of repairing or replacing someone else’s property—like another car or a building—that’s damaged in an accident involving your vehicle.
Medical Payments
Accidents can impact everyone involved, regardless of fault. Medical payments coverage helps with:
- Medical costs for you, your employees, or passengers injured in an accident, no matter who caused it. This can include hospital visits, surgeries, and even funeral expenses in severe cases.
Physical Damage
Keeping your business vehicles in working condition is vital. Physical damage coverage ensures they’re repaired or replaced if damaged. This includes:
- Collision Coverage: Pays for repairs to your vehicle if it’s damaged in an accident with another vehicle or object (like a fence or tree), regardless of who’s at fault.
- Comprehensive Coverage: Protects your vehicle from damage not related to a collision, such as theft, vandalism, fire, or natural disasters like hail or flooding.
Uninsured Motorist Coverage
Not every driver on the road has insurance, but that shouldn’t leave your business footing the bill. Uninsured motorist coverage steps in when the other driver can’t:
- If you’re involved in an accident caused by someone without insurance (or without enough insurance), this coverage helps pay for your medical expenses and vehicle repairs.
Hired and Non-Owned Auto Coverage
Your business may occasionally rely on vehicles that aren’t owned by the company, but that doesn’t mean they shouldn’t be covered. This coverage ensures your business is protected even when the vehicles aren’t.
- Hired Auto Coverage: Covers liability and damages to vehicles your business rents, leases, or borrows for work purposes. Whether you’re renting a truck for deliveries or a car for a business trip, this coverage has you covered.
- Non-Owned Auto Coverage: Protects your business when employees use their personal vehicles for business purposes, such as running errands, making deliveries, or attending meetings. It helps cover any liability that might arise if they’re involved in an accident during these tasks.
Combined Single Limits (CSL)
With Combined Single Limits (CSL), you have one coverage limit that applies to both bodily injury and property damage in an accident.
- One limit for both, offering more flexibility in how your coverage is used.
- No separate limits for injuries or property damage—just one total amount.
- Simplifies your policy, making it easier to manage.
CSL gives you more flexibility and simplicity in your business auto insurance coverage.
Split Limit Policy
A Split Limit Policy breaks down your liability coverage into three separate limits for bodily injury and property damage:
- Bodily Injury Per Person: The maximum amount your policy will pay for injuries to a single person in an accident.
- Bodily Injury Per Accident: The total amount your policy will cover for injuries to all people involved in an accident.
- Property Damage: The maximum your policy will pay for damage to other people’s property, like their car or building.
Each limit is fixed, meaning you have set amounts for each type of damage. While less flexible than Combined Single Limits, it clearly defines how much is available for each type of claim.