Commercial auto insurance protects small businesses when their vehicles are involved in a collision or are stolen, vandalized, or damaged. A commercial auto insurance policy provides funds to repair or replace the vehicle, and covers related medical expenses and third-party property damage.
Commercial auto insurance covers damage to a company vehicle and bodily injuries when you or an employee cause an accident. It also protects you against damage that occurs while the vehicle is parked.
Commercial auto insurance provides five types of insurance protection:
Commercial auto insurance, also known as commercial vehicle insurance, does not cover employees who use their personal vehicles for business purposes. For that, you need hired and non-owned auto insurance. However, when employees use their own cars or trucks, your firm may still be held liable for any damage they cause to third-party property.
Other things commercial auto insurance doesn’t cover include:
Commercial car insurance is available for small businesses that are not using vehicles for primary business purposes. For example, commercial auto insurance covers landscaping businesses that drive business vehicles to client sites. However, it does not cover a long-haul trucker whose business is exclusively delivering freight.
Other factors that could affect eligibility include:
You need commercial auto insurance if your business owns vehicles and uses them to:
Insureon helps small business owners compare commercial insurance quotes from A-rated U.S. carriers with one easy online application. Start an application today to protect your business against accidents involving your company vehicles.