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April 30, 2021

Using Commercial Auto Insurance to Protect Your Fleet

If your business has a fleet of vehicles to operate, you will need commercial auto insurance. Commercial auto insurance provides coverage for vehicles owned or used by a business for work purposes.a car parked in a parking lot 

You may need commercial auto insurance for your business if: 

  • Your business assets include a van, truck or other vehicle  

  • Employees use company vehicles  

  • You or your employees use personal vehicles for business reasons  

  • You use your vehicle to haul equipment, cargo or a trailer  

Not all commercial auto insurance policies are created equal and most are different from your typical personal auto insurance policy, so it is important to understand the differences to get the best policy. 

How Does Commercial Auto Insurance Protect My Fleet?  

Commercial auto insurance covers a variety of incidents, depending on how the policy is written. Your insurance agent can help you tailor a policy that needs your needs and budget:  

  • Auto Liability: This takes care of property damage and bodily injury caused by your actions while driving.  

  • Medical Payments: This pays medical expenses for you or your passengers injured in an accident, regardless of who’s at fault.  

  • Uninsured and Underinsured Motorist Coverage: If a hit-and-run or uninsured driver hits you, this coverage protects you from financial loss due to vehicle damage or medical bills. It also protects you from accidents caused by underinsured drivers. 

  • Collision Coverage: This covers non-accident events, such as a tree or fence that’s damaged in an accident you cause. This coverage applies to overturned or totaled vehicles.  

  • Physical Damage Coverage: Choose this coverage to pay for repairs if your vehicle is vandalized, stolen, damaged by covered weather events, or if you hit an animal. It’s also called comprehensive coverage.  

  • Rental Reimbursement: This pays the rental fees on a vehicle while your business vehicle is being repaired or replaced.  

  • Roadside Assistance: This is great for transportation companies with vehicles constantly on the road. It pays for repairs, towing or other assistance to get your car back in operation.  

You can also purchase Non-Owned Auto which covers vehicles borrowed or used but not owned by the business. Shop around to compare quotes and find a commercial auto insurance policy tailored specifically to protect your business in case of an accident.  

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