Commercial Auto Insurance
What is Commercial Auto Insurance?
Commercial auto insurance, also known as commercial vehicle insurance, is a type of insurance that is specifically designed for businesses that operate vehicles, such as delivery trucks, vans, and other types of heavy vehicles. This type of insurance provides coverage for damages or losses incurred as a result of accidents or other mishaps involving the commercial vehicle.
Commercial auto insurance typically includes liability coverage, which helps protect the business from financial loss if they are found liable for an accident. This coverage includes bodily injury and property damage liability.
Types of Coverage Often Included in a Commercial Auto Insurance Policy:
- Primary Auto Liability: covers bodily injury and/or property damage caused by the businesses commercial vehicle.
- Physical damage coverage: This covers damages to the commercial vehicle, including collision and comprehensive coverage.
- Medical payments coverage: This coverage can help pay for medical expenses incurred by the driver and passengers in the event of an accident.
- Uninsured motorist coverage: This coverage can help pay for damages if the other driver involved in an accident does not have insurance.
- Hired auto coverage: This coverage can provide protection if the business rents or leases a vehicle.
- Non-owned auto coverage: This coverage can provide protection if an employee uses their personal vehicle for business purposes.
- Roadside assistance coverage: This coverage can provide assistance for towing and repairs in case of a breakdown.
- Cargo Insurance: covers damages to cargo being hauled.
- General Liability: covers bodily injury and/or property damages that are caused by your companies products, services or operations.
- Excess Liability and Umbrella: covers liabilities that exceed the underlying policies limits. You can purchase excess for multiple coverages if needed.
- Workers Compensation: this covers injuries to employees injured on the job.
Having commercial auto insurance is important for any business that operates vehicles as it provides financial protection in case of an accident or damage to the vehicle. It is important to carefully review the coverage options and select a policy that meets your companies needs. Speak with one of our professionals today to get a company review of your specific needs.
How to find cheaper commercial auto insurance
Finding cheaper commercial auto insurance can be challenging, but there are several steps you can take to help lower your premium. Here are a few tips to keep in mind when shopping for commercial auto insurance:
Shop around: One of the best ways to find cheaper commercial auto insurance is to shop around and compare rates from different insurance companies. Be sure to get quotes from at least three different insurers to get a sense of the market.
Bundle your policies: Consider bundling your commercial auto insurance with other types of insurance, such as general liability or workers’ compensation. This can often lead to discounts and lower rates.
Improve your safety record: A good safety record can help lower your commercial auto insurance rates. Make sure your drivers are properly trained and encourage them to practice safe driving habits.
Raise your deductibles: Raising your deductibles can help lower your commercial auto insurance rates. Keep in mind, however, that this will mean you will have to pay more out of pocket if you do have a claim.
Evaluate your coverage: Review your commercial auto insurance policy and make sure you have the right coverage for your business. Consider eliminating coverage you don’t need or reducing coverage on older vehicles.
Use telematics: Telematics is the technology that uses GPS and sensors to track how you drive, how much you drive, where you drive, and your driving habits. Many insurance companies use this technology to provide discounts to safe drivers.
Check for discounts: Many insurance companies offer discounts for things like good driving records, safety features, and taking a defensive driving course. Be sure to ask about any discounts that may apply to you.
Feel free to fill speak with one of our agents for a 100% free company evaluation. We can help you take a look at your companies specific needs.
Commercial Vehicle Types
TRACTOR / TRAILERS
HOT SHOT TRUCKING
customize your coverage
There are many types of commercial vehicles out there. Ranging from small autos to tractor/trailers. We insure them all. Find out what programs and policies fit your companies needs. With so many risk exposures, you want to be sure you get the best policy for your business. Let us help you. Our agents have many years of commercial experience and we stand ready to assist you. Speak with a live agent today or fill out one of our simple contact forms below.
Business Classes That We Insure
For-Hire Transportation or Delivery Services
Real Estate Agents/Brokers
Restaurants / Bakeries
Non-Emergency Medical Transport
Private Transportation & Limousine Services
Rideshare / Taxi / Buses
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