Medical Payment Coverage
If your Commercial Auto Insurance offers medical payment coverage, it can help pay for:
- Your medical expenses if you're injured in a car accident.
- Medical expenses for occupants in your vehicle.
This coverage is available regardless of who caused the accident.
Physical Damage & Collision Coverage
Commercial Automobile Insurance can also protect your vehicle when it's damaged by:
- Certain weather events.
- Impact with another object.
For example, let's say a major storm hits your town. Several trees are uprooted, including one that lands on your business truck. Your Commercial Car Insurance can pay for the necessary repairs.
Uninsured Motorist Coverage
About one in seven drivers in the United States are uninsured, according to the Insurance Research Council [PDF]. When they cause accidents, they might not be able to pay for the damages. Your policy's uninsured motorist coverage makes sure you don't have to pick up the slack.
It can help pay for:
- Your bodily injuries.
- Damage to your car (depending on your policy and state).
For example, say you're on your way to meet a client. A driver in an old Ford Mustang convertible runs a stop sign and slams into the side of your car. As you exchange insurance information, the driver realizes he doesn't have insurance for his vehicle, which he only drives during the warm months.
In this case, your Commercial Auto Insurance policy may pay for the damage the uninsured driver caused to your vehicle.
What Commercial Auto Insurance Can't Cover
Your Commercial Automobile Insurance cannot cover damage caused by an employee driving their personal vehicle for business errands. However, your business may still be held accountable for the damage your employee causes.
If your employees regularly drive their own cars for work, you may want to purchase Hired and Non-Owned Auto Insurance to protect your business.