Commercial auto insurance in Florida

Any Florida company that uses vehicles for business purposes must have commercial vehicle insurance, whether it’s the owner’s personal vehicle or a fleet of vehicles owned by the business.

Your personal auto insurance policy covers you while driving to and from work, but not while making deliveries, picking up supplies, and other work-specific uses. A business auto policy would cover you and your personal vehicle in case you’re at fault for an accident during a work-related errand.

Any vehicles you own solely for work purposes must be covered by a commercial auto policy, whether you own a single pickup truck, a food truck, or a fleet of semi-trucks and tractor trailers.

Your business could be in legal and financial jeopardy without commercial auto insurance coverage. In Florida, any business that has its own vehicles must at least carry auto liability insurance.

If one of your business vehicles is at fault in an accident, you could face an expensive lawsuit or settlement. You’d likely have to pay for damage to the other vehicle or property, medical bills, lost wages, pain and suffering, plus other related costs.

Additionally, you could face severe penalties for not owning commercial auto insurance. If you are cited for not having insurance, you may have your license suspended for up to 3 years and need to pay over $150 for a reinstatement fee, if proof is not provided in time. For a repeat offense, the reinstatement fee can reach up to $500.

All vehicles in Florida are required to have a minimum amount of auto liability insurance coverage, whether they’re for personal or business use. These liability limits are:

• $10,000 in personal injury protection
• $10,000 in property damage liability

Your insurance agency might recommend higher liability coverage limits based on the types of vehicles you own and how they’re used.

In addition, personal injury protection (PIP) insurance is required in Florida. This add-on coverage helps provide medical payments coverage after a car accident, regardless of who was at fault, and is mandated as part of the state's minimum vehicle insurance requirements.

Semi-trucks and other vehicles with a U.S. Department of Transportation of Florida serial number may have additional liability coverage requirements, depending on the type of vehicle and how it’s used. You can see if your business needs additional coverage by checking your USDOT number or docket number with the Federal Motor Carrier Safety Administration.

If you’re using your own vehicle for work-specific activities, your personal auto policy wouldn’t cover you in the case of an accident. That’s why many small business owners purchase hired and non-owned auto insurance (HNOA). This liability policy covers accidents in personal, leased, and rented vehicles used for work purposes.

If you or an employee gets into an accident while driving a personal car for a work errand, your HNOA coverage would help pay for any claims or lawsuits against your business. It’s worth noting that this would not cover damage to the vehicle used by your business.

While every Florida business owner must meet the minimum requirements for business auto insurance, this mandate only applies to liability coverage. This can protect you if one of your vehicles causes an accident, but it does not insure you against a mishap caused by someone else.

It’s worth considering these other commercial auto coverage options to make sure you’re fully protected:

• Uninsured/underinsured motorist coverage insures you against personal injuries and damage involving a company vehicle, in case whomever caused the accident is unable to cover the full cost of damages.
• Medical payments coverage pays for medical expenses if employees and passengers are injured in a company-owned vehicle, regardless of who is at fault.
• Collision coverage helps pay for the cost of repairing or replacing your company vehicle if it’s damaged in an accident, regardless of who was at fault.
• Comprehensive coverage covers the costs of non-collision damages such as vandalism, theft, flood, or fire.
• Towing and labor coverage covers the cost of roadside assistance for company-owned vehicles.
• Loading and unloading coverage insures against the damage of equipment and materials during transport, loading, or unloading.
• Bobtail coverage is recommended when you’re using tractors without a trailer. It usually covers the insured vehicle at all times, even during non-work-related uses.

Insureon makes it easy for business owners to compare commercial auto insurance quotes online. Complete one application online to review quotes specific to your business and industry from leading U.S. insurers. Start an application for a commercial auto insurance quote today.