![]() ![]() One of the most critical ways to protect your company is by having adequate liability coverage in case you or one of your employees causes an accident that injures another person or damages their property. The right commercial insurance can protect you, your business, and all of the drivers in your commercial cars, vans, pickup trucks or limos in an accident. Some insurance companies even provide very specific coverage for companies who load and unload cargo, due to the increased liability risk involved. You could opt to get towing and roadside assistance. You might also buy coverage for a rental replacement auto if your company car is in the shop. For example, you may be able to buy coverage for your employees when they drive a car or truck your company does not own. Medical payments: This coverage pays for medical and/or funeral expenses for you, your drivers and passengers after an accident.Īdditional optional coverage: A wide range of additional coverage types may be available, depending on the insurance company you work with and the state your business is in. Uninsured and underinsured motorists: If one of your drivers is in an accident caused by another motorist who does not have adequate insurance, this coverage will help to pay for damages and injuries to your vehicle your driver, up to the limits set on your policy. ![]() These causes can include weather, theft and vandalism. For the best protection, consider buying a commercial umbrella liability policy.Ĭollision: As with your personal auto policy, a good commercial auto policy should include adequate collision coverage to pay for the damage to your vehicles in the event you or your employees cause an accident.Ĭomprehensive: Known also as “other than collision,” your comprehensive coverage is an important protection for damage to your vehicle or loss due to causes other than collision. It is a good idea to work closely with an independent agent to assess your risks as well as the potential costs of injury, property damage and legal fees. ![]() The amount of coverage you receive is based on the limits you set and your deductibles. Property damage liability: This coverage will pay the costs to repair property damage caused by you or your employee. The amount of compensation your company receives depends upon the limit set on your bodily injury liability coverage, as well as your deductible. Bodily injury coverage will provide compensation for medical costs, funeral costs if necessary, and the costs associated with a lawsuit. A typical policy includes some combination of the following:īodily injury liability: This portion of the commercial auto policy covers harm to others in an accident caused by you or your employee. A commercial auto policy is designed to protect your business from significant losses that could affect your company’s financial wellbeing.Ĭommercial auto insurance policies combine several different types of coverage – some are required and some are optional. What Does Commercial Auto Insurance Cover?Ĭommercial auto insurance is similar to personal auto insurance in basic coverage, such as liability, comprehensive, collision and other types of coverage that are specific to business vehicle use. If you are looking for coverage information on large trucks and heavy equipment used for business purposes, refer to the commercial truck insurance section. Insurance companies review these risk factors along with any efforts your company may make to improve driver safety, when they assess the amount of coverage your business needs. Use of these automobiles is associated with a range of risk factors, including how you use them, how often, and how many miles they travel each year, among other factors. Types of Vehicles Commercial Auto Insurance CoversĬommercial automobile insurance is a broad term that refers to most commercial business automobiles, including but not limited to:Ĭommercial auto policies cover personal cars that are used for business, as well as SUVs, light duty trucks, buses, limousines, taxicabs, vans and other delivery vehicles used solely for business purposes. Distracted driving caused 46% of near-crashes and 50% of safety-critical events.Drivers were involved in non-driving tasks in 71% of CMV crashes.The Department of Transportation investigated the impact of distraction in commercial motor vehicle (CMV) crashes and safety-critical events in 2009. What are the risks to you, your drivers, and your business that commercial auto insurance can cover?ĭriver Distraction and Commercial Automobile Operation What commercial auto coverage do you need, and how much? The right commercial auto insurance covers you for accidents, injuries and other incidents that can put those investments at risk. We’re the Commercial Auto Insurance specialists in LouisvilleĪs a business owner, you may have one or more vehicles, such as delivery vehicles, taxis, limos or buses. ![]()
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