If you run a company that relies on the use of vehicles for yourself or employees to complete job-related tasks, a personal auto insurance policy isn\u2019t sufficient coverage to protect you in the event of an accident or damage.<\/p>\n
Commercial auto policies are designed to provide coverage for
\nthe increased risks that come from a business’s daily operations.
\nIf you have employees who spend a lot of time on the road, or you\u2019re an individual who uses your personal vehicle to make money, here\u2019s everything you need to know about commercial auto insurance:<\/p>\n
What is commercial auto insurance?<\/strong> The difference between personal and commercial auto policies Do I need commercial auto insurance?<\/strong> How is the vehicle used?<\/em><\/p>\n If you own a business, have a business owner policy, or general liability policy for your business, and own or use the auto in conjunction with your owned business, you\u2019ll most likely need a commercial auto policy to protect those vehicles and your business.<\/p>\n Who owns the vehicle?<\/em> You\u2019ll typically need commercial auto insurance if: How is the vehicle being used?<\/em> Coverage included with commercial auto insurance<\/strong> We hope this helps you better understand commercial auto insurance and whether it\u2019s right for If you run a company that relies on the use of vehicles for yourself or employees to complete job-related tasks, […]<\/p>\n","protected":false},"author":3,"featured_media":2547,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"\r\n
\nCommercial auto insurance is a business insurance policy that applies to autos owned by or used for your business that protects against liability for damages caused by accidents involving your business autos. This type of policy also provides certain compensation to occupants of your business autos who may be injured in an accident.<\/p>\n
\nThe main difference between commercial and personal auto insurance is the coverage provided. A personal auto policy provides coverage to protect you, your personal assets, and prevent you and your family from experiencing financial hardship. Commercial auto insurance provides coverage to protect you and businesses from auto-related lawsuits and settlements.
\nAnother key factor to this policy is vehicle ownership. If your vehicles are owned by your business, they need to be covered under a commercial auto policy. That way, commercial auto insurance will help protect your business\u2019s finances from costs related to accidents or other covered losses. It\u2019s events like these \u2014 when you or your employees are driving one of your
\nbusiness\u2019s vehicles \u2014 where you need this protection most.<\/p>\n
\nWhen do you need business auto insurance for your vehicle? Consider the following:<\/p>\n
\nYour vehicle will most likely need commercial auto insurance if it\u2019s owned by a business, but if you\u2019re the sole proprietor, you might only need a personal auto insurance policy. For instance, if you only use your vehicle simply for commuting to and from work, you might be covered by your personal auto insurance policy. Contact your agent to make sure.<\/p>\n
\n\u25cf Any of your vehicles are owned by a partnership, LLC, or corporation.
\n\u25cf Any of your vehicles are registered or titled to a business, including corporation or partnership.
\n\u25cf Any of your employees or you rent or lease vehicles for business purposes.
\n\u25cf Any non-listed drivers use their own vehicles to conduct business on your business\u2019s behalf.<\/p>\n
\nThe type of your vehicle, ownership and how the vehicle is used are important factors when determining if you need commercial auto insurance. Consider the following:
\n\u25cf Are any of your vehicles a dump truck, semi or commercial trailer?
\n\u25cf Do any of your vehicles, including pickups, vans or utility vehicles, exceed a gross weight of 15,000 pounds?
\n\u25cf Do any of your vehicles have catering equipment?
\n\u25cf Is your vehicle outfitted for snow plowing and not used for personal use snow plowing?
\n\u25cf Are any of your vehicles equipped with altered suspensions, hydraulic lifts?<\/p>\n
\nLike any insurance policy, coverage will vary based on your business\u2019 specific needs. We recommend you review your policy thoroughly with your insurer, however, the following are common when it comes to a commercial auto insurance:
\n\u25cf Liability Coverage \u2014 Covers damage to you or another individual\u2019s vehicle and any legal
\ncosts related to an accident.
\n\u25cf Medical Payments Coverage \u2014 Covers the cost of treating injuries, rehabilitation, and, if applicable, lost wages and funeral expenses for you and your passengers as a result of an accident, no matter who is at fault.
\n\u25cf Uninsured\/Underinsured Motorists Coverage (UI\/UIM) \u2014 Coverage in the event that another driver involved in an accident does not have insurance or doesn\u2019t have sufficient coverage to pay your medical bills. Nearly 14% of all drivers in the US are uninsured, so you\u2019re taking your chances if you don\u2019t add UM\/UIM coverage to your commercial auto policy.
\n\u25cf Comprehensive Coverage \u2014 Payment to repair or replace your car if it\u2019s damaged from an incident out of your control, such as fire, vandalism, theft, natural disasters, or animal collisions.<\/p>\n
\nyou. Visit our website to find an agent near you who can help explain your coverage options.<\/p>\n","protected":false},"excerpt":{"rendered":"