Commercial - Auto Policy

What is a Commercial Auto Policy?

A commercial auto insurance policy provides protection for vehicles, drivers, and goods used in business operations, covering liability, physical damage, and medical expenses.

This type of policy is needed for:

• Companies with company vehicles (trucks, vans, etc.).
• Employees who use their personal vehicles for business purposes.
• Contractors - construction and transportation companies.
• Ride-sharing drivers or delivery drivers who use their own vehicles.
• Companies where employees drive company vehicles.

Main types of coverage:

1.  Liability:

Bodily Injury: Covers medical expenses and legal fees for injuries to third parties resulting from an accident caused by a vehicle.

Property Damage: Covers damage to third parties' property.

2.  Collision Protection:

Coverage for damage to a vehicle resulting from a collision, regardless of fault.

3.  Comprehensive Protection:

Coverage for vehicle damage resulting from events other than collisions (e.g., theft, fire, vandalism).

4.  Medical Expenses (MedPay):

Coverage for medical expenses for the driver and passengers in the vehicle, regardless of fault.

5.  Uninsured or Underinsured Motorist:

Coverage for injuries and damages if the at-fault driver does not have adequate insurance.

6.  Rental and Unowned Vehicle Coverage:

Coverage for vehicles rented or unowned but used for business purposes.

7.  Cargo/Trailer Coverage:

Coverage for damage to goods transported in the vehicle.

8.  Vehicle Rental Compensation:

Coverage of vehicle rental costs if a company vehicle is disabled due to an accident.