page loader

Commercial Auto Insurance

Insurance for Commercial Auto Coverage

If your business has more than one car utilized for business purposes, you may very well require commercial auto or vehicle insurance. The following explains commercial automobile insurance and its coverage details.

Commercial auto insurance is meant for trucks, vans, and cars that a business uses in its day-to-day operations. Commercial automobile insurance is necessary for businesses large and small, be it for a company with a few cars or a larger corporation that utilizes a fleet of trucks. This coverage is what protects the owner of the business, the actual business itself and the employees as well. Commercial automobile coverage is best for covering multiple vehicles and to offer more comprehensive and greater coverage levels than normal car insurance.

Commercial auto coverage is specifically geared to businesses that need vehicles for their business operations. This kind of a policy is a better choice to normal car insurance only if the vehicles are used to conduct the business. It provides levels of coverage greater and beyond a basic auto insurance policy.

One usually will require commercial car insurance if his or her business has vehicles that transport products or if the company-owned vehicles are utilized by employees. It’s also required if the company vehicles will be carrying loads that are large and heavy or if the business simply needs greater liability limits. Often, businesses that are formed as corporations or partnerships are also required to obtain commercial vehicle insurance.

Commercial automobile insurance not only covers business-related vehicles but it also protects the company employees. Commercial auto insurance covers vehicles damaged in accidents and also protect the business owner from litigation against employees who are sued and at fault in an auto-related accident during the conduct of business.

The basic kinds of commercial automobile insurance coverage include collision, comprehensive/physical damage, bodily injury liability, property damage liability, combined single limit, medical payments, personal injury, and uninsured motorist coverage. Commercial automobile insurance is often referred to as “truck insurance”, “commercial car insurance” or “fleet insurance”. Contact your insurance professional for more information on the available coverage.

This kind of insurance benefits both employers and business vehicles by protecting the business owner from financial loss due to damage, lawsuits, medical expenses, and uninsured or underinsured motorists.