Commercial Auto Insurance Policies
Commercial Auto insurance covers any losses that can occur involving a car operated for business purposes. It can be used for just one vehicle or it can be used for multiple vehicles included in a fleet. The company and their employees driving the vehicle are covered for any damage or loss that occurs if an accident happens.
The commercial policy functions similarly to a conventional policy. A commercial auto policy covers all vehicles driven for business purposes. One or multiple cars covered under a policy are covered if there is any damage that happens when an accident occurs. Policies can also be adjusted as the needs of the company evolve.
The commercial auto policy can be adapted to the needs of the company. If the vehicle is used to conduct business on any level, a commercial auto policy is appropriate. If the industry or business classification requires higher liability limits, a commercial auto policy is recommended. Factoring in considerations like whether or not there will be a significant amount of hauling required.
Auto insurance claims involving a personal vehicle being used for commercial purposes can be rejected. This can put the business owner on the hook and require that they have to cover out-of-pocket expenses independently. Coverage components like bodily injury, property damage, comprehensive, collision, medical, personal injury and uninsured motorist minimize the number of risks a driver could be exposed to in everyday business.
Depending on the type of business and the distance typically traveled, a commercial auto insurance policy can cover any damage stemming from a loss. Comprehensive coverage designed specifically for commercial entities protects against any liability. Any vehicle that is ever used for any commercial purpose should consider a policy.
Back to Home
Learn about Auto Insurance
Learn about Homeowners Insurance
Learn about Life Insurance