You use vehicles in your business, so you need commercial auto insurance. This type of coverage offers liability and physical damage protection for vehicles that you own or lease, plus it typically provides higher limits than personal auto insurance.
Who Needs Commercial Auto Insurance?
Contractors, landscapers, and other tradespeople who drive their own personal cars or trucks to visit clients, run errands, and make deliveries may need commercial auto insurance. So too might transportation services such as taxis, limousines, and livery services. Commercial auto insurance is also a good choice for businesses that rent or lease their equipment and vehicles, such as car rental companies and moving companies.
Regardless of whether you use one or many vehicles, Insureon’s licensed broker-agents will help you choose the best policy for your business. They will consider your business’s driving history, risk assessment, vehicle usage, and more to customize a commercial auto policy that meets your needs and budget.
Like a personal auto policy, a commercial automobile policy has a deductible that you must pay out of pocket before the insurance company begins to pay on a covered claim. To reduce your premium, you can choose to purchase a higher deductible, but be careful not to choose a deductible that could jeopardize your financial future.
In addition to the liability coverages offered under a business auto policy, you can add hired and non-owned auto coverage (also known as “drive other car” coverage or excess auto liability). This coverage provides excess bodily injury and property damage protection when your employees are driving their own personal cars or trucks on business errands and it applies to any accident that occurs in a vehicle that is not a company-owned, insured, or leased car.
…