Commercial Automobile Insurance
Commercial automobile policies cover the cars, vans, trucks and trailers used in your business. The coverage will reimburse you if your vehicles are damaged or stolen or if the driver injures a person or property. If your business owns a car or truck, or a fleet of vehicles, you need Commercial Automobile Insurance. Here are some of the coverages available, however, we recommend you come in and talk to us for more information and advice on what coverages will best fit your business.
Hired Automobile Coverage: Provides liability coverage for automobiles that your business leases, rents or borrows for business purposes. For example, your business might rent an additional delivery van for a week in order to catch up on a backlog of deliveries. This is an optional coverage.
Non-Owned Automobile Coverage: Provides liability coverage for automobiles not owned, leased, hired or borrowed by your business but nevertheless used on behalf of your business. For example, your employee uses his or her personal automobile to make a sales call or a delivery on behalf of your business. This is an optional coverage.
Comprehensive Damage: Provides coverage to your vehicle for damages other than by collision, including theft, vandalism, impact with birds or animals, explosion, fire, flood, windstorm and glass breakage. A broad range of deductibles can be selected for this coverage. This coverage is not required by law but is generally required by your lender if you have an outstanding loan on the vehicle.
Collision Damage: Provides coverage to your vehicle for damage caused by collision with another vehicle or object. A broad range of deductibles can be selected for this coverage. This coverage is not required by law but is generally required by your lender if you have an outstanding loan on the vehicle Workers’ Compensation coverage will take care of your obligation to provide medical and lost wage benefits to your employees.
Bodily Injury Liability: You are covered if you have caused injury or death. This coverage is required by law in all states.
Property Damage Liability: You are covered if you have caused damage to another person’s vehicle or property. This coverage is required by law in all states.
Uninsured Motorist Coverage: If you or a passenger is injured in an accident, this coverage will pay the medical bills, if the driver who hit you is not insured for Bodily Injury Liability. In some states, this coverage may also apply to damage to your vehicle if the driver causing the accident has no Property Damage Liability coverage.
Underinsured Motorist Coverage: If you or a passenger is injured in an accident, this coverage will pay the medical bills, if the driver who hit you does not have sufficient Bodily Injury Liability Coverage. In some states, this coverage may also apply to damage to your vehicle if the driver who caused the accident has Property Damage Liability coverage that is less than your Underinsured Motorist Property Damage Coverage limit.
