Commercial Auto Insurance
Whether your car is essential to your day-to-day operations or something you only use occasionally for work, you need an auto insurance policy tailored to your business.
You may be required by law to have commercial auto insurance
Most states require that your company-owned vehicles be insured for certain types of accidents with commercial auto coverage. The most common state requirement is liability insurance for injuries and property damage.
Some states also require uninsured/underinsured motorist coverage and Medicare Payments coverage (also known as personal injury coverage).
The types of vehicles your business uses, how they are used, and who uses them will determine the specifics of the type of insurance you need.
Commercial auto insurance can provide more coverage
If you're like most business owners, the separation between work and home is likely to be blurred.
Even if you only have one car for all your transportation needs, you are exposed to different risks when you drive for work than when you drive for personal reasons. You may need the more comprehensive coverage provided in a commercial auto policy.
If you have employees who drive your cars, your commercial auto insurance policy may cover them up to the policy limits.
Commercial auto insurance can help you attract customers
Commercial auto insurance is essential for your customers as well. Having the right car insurance coverage shows that your business is prepared for the unexpected. You know things don't always go exactly as you plan, but your customers can be sure they'll get the same reliable service.
Some clients may require you to obtain a certificate of insurance before they agree to do business with you.
Why is commercial auto insurance important?
Whether your car is essential to your day-to-day operations or something you only use occasionally for work, you need an auto insurance policy tailored to your business.
You may be required by law to have commercial auto insurance
Most states require that your company-owned vehicles be insured for certain types of accidents with commercial auto coverage. The most common state requirement is liability insurance for injuries and property damage.
Some states also require uninsured/underinsured motorist coverage and Medicare Payments coverage (also known as personal injury coverage).
The types of vehicles your business uses, how they are used, and who uses them will determine the specifics of the type of insurance you need.
Commercial auto insurance can provide more coverage
If you're like most business owners, the separation between work and home is likely to be blurred.
Even if you only have one car for all your transportation needs, you are exposed to different risks when you drive for work than when you drive for personal reasons. You may need the more comprehensive coverage provided in a commercial auto policy.
If you have employees who drive your cars, your commercial auto insurance policy may cover them up to the policy limits.
Commercial auto insurance can help you attract customers
Commercial auto insurance is essential for your customers as well. Having the right car insurance coverage shows that your business is prepared for the unexpected. You know things don't always go exactly as you plan, but your customers can be sure they'll get the same reliable service.
Some clients may require you to obtain a certificate of insurance before they agree to do business with you.
What does commercial auto cover?
Commercial auto insurance helps cover injuries and damages resulting from work-related accidents. Most states require commercial auto insurance for corporate-owned vehicles to help pay for medical expenses and property damage.
Commercial vehicles can help pay for:
- medical expenses
- property damage
- Uninsured drivers
- collision repairs
- payment of rent
- towing car
What is the cost of commercial auto insurance?
Commercial auto insurance can cost anywhere from $62.5 to $250 per month, depending on your insurance history, the number of vehicles you own, and the type and use of the vehicle.
The best way to find out the cost of a policy for your business is to get a free commercial auto insurance quote