Commercial Automotive insurance protects your company vehicles and your employees while doing business on the road. Similar to personal car insurance, your business vehicles will be protected for bodily injury, property damage, uninsured /underinsured motorist, medical expenses, and other optional coverages like collision, comprehensive and various levels of increased disability income due to an auto accident.
A commercial automotive policy protects you from accidents and liabilities that stem from having company vehicles. With this type of coverage, your business is protected in a vehicular accident involving your employees and their passengers, pedestrians and other drivers. Commercial auto also covers or could cover:
Collision damage involving a company vehicle.
Bodily harm to passengers or other parties.
Property damage caused by your company vehicle(s).
Non-collision types of damage like theft, fire & vandalism.
Protection for you against uninsured or underinsured motorists.
Many businesses need commercial auto insurance, and it's not exclusive to a specific industry. You may have some level of control or oversight with the employees and vehicles within your company, but a lot of accidents are outside of your power.
You should get commercial auto insurance if your business:
The overall costs of commercial automotive insurance can vary greatly depending on a few factors.
Some of these factors include the number of vehicles covered, the vehicle types, prior driving history, the way you use your vehicles for business and the actual coverages you select. Actual Limits of Liability and deductible levels will also play an important factor in the cost.