What is Commercial Auto Insurance?

Comprehensive auto insurance

Today, most drivers know that affordable auto insurance is an important step when it comes to protecting their loved ones, property and finances. However, if you own a business that frequently relies on cars, trucks and vans to transport people and goods, commercial auto insurance is just as important to protect your employees and safeguard the success of your operations. But what is commercial auto insurance and why does your business need it? Read on to find out why you should get some commercial car insurance quotes for your business today.

What is Commercial Auto Insurance?
As its name suggests, commercial car insurance is a policy which covers physical damage and liability for amounts, situations and usages for cars used as part of a business venture. Commercial property insurance also exists for the same reason. However, commercial auto insurance is designed to cover the areas that a personal auto policy does not. As a result, commercial auto insurance quotes are designed to help businesses handle a variety of circumstances they may come across over the course of their operations. Accordingly, these plans often cover a variety of different vehicles.

What Does This Type of Policy Cover?
Like personal insurance plans, commercial auto insurance typically offers liability, collision, comprehensive, personal injury protection and uninsured motorist coverage. However, the eligibility, definitions, coverage, exclusions and limits of these plans may differ. However, the typical commercial auto insurance plan will include:

  • Bodily Injury Liability Coverage
  • Property Damage Liability Coverage
  • Combined Single Limit (CSL) Coverage
  • No-Fault or Personal Injury Coverage
  • Uninsured or Underinsured Motorist Coverage
  • Comprehensive Physical Damage Coverage
  • Collision Coverage
  • How Do You Buy Commercial Auto Insurance
    When most people decide to look for new auto insurance, their first priority is usually a low price. However, it is often more beneficial to consider the services and plans being offered; after all, this is what you will be receiving if you get into an accident, and hidden fees can make an affordable but low-quality more expensive than it initially seemed. Commercial auto insurance is no exception. For this reason, it is best to look for reputable car insurance companies that have experience with commercial policies. Be sure to do your research and get several quotes before making a decision, and check other prices and plans frequently to make sure you are getting the best possible deal.

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