Are you using your auto to transport goods or people for a fee?
Are you using your auto to conduct a commercial service?
Are you using your auto to transport business equipment?
Are your employees operating the auto or is the auto ownership in your Company’s name?
Then you need a commercial auto policy. If an auto is used in tasks related to the operator’s occupation, profession and or business, other than commuting then a commercial policy is required.
Commercial auto insurance covers a variety of vehicles and is also referred to as commercial car insurance, truck insurance or fleet insurance.
Commercial auto insurance will pay liability associated with an auto accident, for you and your employees driving your business-owned vehicles. If your employees drive their own vehicles for work, make sure they have their own auto insurance and make sure you have Hired and Non-Owned Auto Liability to cover your business liability if they are at fault in an accident.
A good policy covers most or all of these coverages:
- Bodily injury
- Property damage
- Medical coverage
- Collisions
- Uninsured or underinsured coverage
- Comprehensive coverage
- Towing and labor cost
- Loading and unloading liabilities
Commercial auto premium depends on:
- Vehicle type
- Vehicle value
- Coverage type
- Employees driving records
- Coverage amount
- Items being transported
- Other associated risks