If your company uses vehicles for daily business activities, you may have thought of getting a commercial auto insurance policy. What you may already know, is commercial auto insurance and personal auto insurance are different policies. If your business does have a fleet of vehicles you may be required to carry commercial auto insurance as well.
What is commercial car insurance coverage?
Commercial auto insurance is business insurance designed to cover the vehicles used for a companies daily business activities. It will cover any accident related expenses that arise from injuries or property damage up to the policy limits.
Commercial auto insurance policies usually will include;
Liability coverage; This portion of the coverage will protect your company if another driver has bodily injuries or property damage you’re liable for. It is used to pay for injuries and property damage. It will protect your company while you have drivers on the road. Liability coverage can also pay legal expenses as well.
Medical payments; The medical payments section of your coverage is for no-fault or personal injury protection. It will help pay for the medical expenses of the driver and any passengers in an accident, regardless of who is at fault.
Uninsured motorist coverage; This is used to pay for injuries and property damage that is the result of an accident with a third party that is uninsured or it your vehicle was the victim of a hit and run. Sometimes this coverage will also include underinsured motorist coverage if the other driver does not have adequate coverage to cover the damages.
Comprehensive and collision coverage; This portion of the coverage is to pay for vehicle damage from vandalism, theft, damage and fire if the vehicle is hit by another car or object.
What businesses need commercial auto insurance?
If you use your personal vehicle for regular business use, there’s a good chance you need commercial auto insurance. On the other hand if you only use it once in a blue moon, maybe you won’t need it. It’s always best to speak to a local agent to see if you need commercial auto insurance.
More examples of a company or self employed individual needing commercial auto insurance are;
If you drive for money; If you transport people or products for money, you will need commercial auto insurance. If you’re an Uber or Lyft driver there is an alternative insurance called rideshare insurance.
If you log high mileage in; If you visit job sites often or make regular visits to store locations you more than likely will need commercial auto insurance.
If you transport items; For example heavy machinery or tools. You may need to get a commercial auto insurance policy.
Below are scenarios to help you determine whether or not you need commercial auto insurance;
| Personal auto insurance | Commercial auto insurance |
| Grabbing coffee for co-workers. | Delivering food to paying customers. |
| Driving friends to a store. | Driving clients to an event. |
| Taking road trips. | Driving to multiple job sites in a day. |
| Commuting to the site where you’re working. | Hauling around tools & equipment to the site where you’re working. |
Commercial auto insurance quote
When it comes to getting commercial auto insurance you want to know you’re getting the best service, best rate, and the best coverage. At Eugene C Yates Insurance Agency our agents have access to the top commercial auto insurance companies in the industry. They also have working knowledge of the best commercial auto insurance discounts available. This allows them to get you the best rate and the best coverage on your commercial auto insurance policy!
If you want to get a free commercial auto insurance quote, please contact us today at 916 313 6100