Commercial Auto Insurance
Just like with personal auto insurance, there are different levels of protection available for commercial auto insurance as well.
Commercial Auto Liability
This business insurance policy provides for bodily injury liability and property damage, as well as for injuries/damage the policyholder causes to someone else when operating a company automobile. Medical payments or Personal Injury Protection (PIP) for treatment of injuries to the driver and passengers of the policyholder’s car are also covered.
Hired/Non-owned Auto Liability Insurance
This provides a business with business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired) or a non-owned vehicle (employee using their own car or truck on company business). This can often be inexpensively added to the commercial auto insurance policy or in some cases a general liability insurance policy.
Commercial Auto Collision & Comprehensive Insurance
Adding collision and comprehensive coverage to your commercial auto policy may be advisable depending on your property and line of business. Collision covers the repairs to your vehicle in the event that you are involved in an at-fault accident, while comprehensive coverage protects you against theft, vandalism, and damage occurring to your vehicle from a natural disaster such as a fallen tree.