Commercial Auto Insurance
Commercial Auto Insurance covers liability arising from driving company vehicles.
What is Commercial Auto Insurance?
Commercial Auto Insurance is a vital policy for businesses that use vehicles for work-related purposes. It primarily covers accidents causing bodily injury or property damage involving company vehicles, but it also extends to cover theft, vandalism, and damage from natural disasters.
Why You Need It
1
To Provide Proof of Insurance
Businesses often secure commercial auto insurance to provide proof of insurance to clients, vendors, or regulatory bodies. This proof indicates that the company has sufficient coverage to handle any vehicle-related incidents.
2
To Comply With State Laws
Nearly all states require businesses that use vehicles for work purposes to have commercial auto insurance. These laws aim to ensure that businesses can cover the costs arising from accidents involving their vehicles.
3
To Protect the Business From Significant Financial Losses
A serious accident involving a company vehicle can lead to substantial expenses. Commercial auto insurance shields businesses from potentially devastating financial losses resulting from such incidents.
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What Commercial Auto Insurance Covers
Vehicle Damage and Theft
Covers the repair or replacement costs if a company vehicle is damaged, stolen, or vandalized.
Medical Expenses
Pays for medical treatment if an accident involving a company vehicle results in injuries.
Liability Claims
Covers legal costs and any awarded damages if your business is sued following an accident involving a company vehicle.
Uninsured or Underinsured Motorist Coverage
Covers the costs if your company vehicle is involved in an accident with a motorist who has insufficient or no insurance.
What Commercial Auto Insurance Doesn't Cover
Not Covered
Employee Vehicles
Unless Hired & Non-owned Coverage is included in the policy, employee-owned vehicles used for work purposes may not be covered for liability.
Not Covered
Intentional Damage
Will not cover damages that are intentionally caused by the business or its employees.
Not Covered
Personal Rental Vehicles
Unless Drive Other Car coverage is purchased on the policy, commercial auto insurance typically does not extend coverage to personal rental vehicles.
Not Covered
Non-Permissive Use
If an employee or someone else uses your commercial vehicle without your permission, any accidents that occur may not be covered by your policy.
Reasons To Have Commercial Auto Insurance Coverage
Commercial Auto Insurance is a must have for businesses that need:
To Provide Proof of Insurance
Businesses often secure commercial auto insurance to provide proof of insurance to clients, vendors, or regulatory bodies. This proof indicates that the company has sufficient coverage to handle any vehicle-related incidents.
To Comply With State Laws
Nearly all states require businesses that use vehicles for work purposes to have commercial auto insurance. These laws aim to ensure that businesses can cover the costs arising from accidents involving their vehicles.
To Protect the Business From Significant Financial Losses
A serious accident involving a company vehicle can lead to substantial expenses. Commercial auto insurance shields businesses from potentially devastating financial losses resulting from such incidents.
What Does Commercial Auto Insurance Coverage Cost?
Costs can vary based on your location, what you are using the vehicles for, and your driver list. Here are some examples of commercial auto quotes:
| Fiber Contractor | Distributor | Manufacturer | |
|---|---|---|---|
| State | IA | OK | NH |
| # of Autos | 6 | 42 | 4 |
| Any Semi Trucks? | No | Yes | No |
| UM / UIM | Yes | Yes | Yes |
| Physical Damage | Yes | Yes | Yes |
| Liability Limit | $1,000,000 | $1,000,000 | $1,000,000 |
| Annual Cost | $16,690 | $121,000 | $4,245 |
Frequently Asked Questions
What Our Customers Are Saying
I’ve worked with Austin at LandesBlosch. He is upfront and honest, active in the community, and helpful even beyond basic insurance. I’d recommend LB to anyone.
Colton J.
I have been with Guy Landes and the LandesBlosch agency for almost 20 years. Guy Landes and his staff have been there for me and my entire family through several claims as well as guiding us successfully to ensure our family’s ever changing and growing business. Whether you are looking for personal or commercial insurance, you cannot find a more devoted and competitively priced group than the LandesBlosch Group!
Mike S.
Buying insurance can be a daunting task because of the complexity of each policy. LandesBlosch has been a game changer for my business. They held my hand through all the different options that my businesses may or may not needs to make sure I'm not underinsured. This reduces my personal stress and my business liability.
Dalton P.
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