As a business owner, you may have one or more vehicles, such as delivery vehicles, taxis, limos or buses. The right commercial auto insurance covers you for accidents, injuries and other incidents that can put those investments at risk.
What coverage do you need, and how much? What are the risks to you, your drivers, and your business that commercial auto insurance can cover? To get your questions answered and find a policy you can afford, talk with a local independent agent in the Trusted Choice® network. Trusted Choice member agents who specialize in business insurance can provide quotes on all of your commercial insurance needs.
The Department of Transportation investigated the impact of distraction in commercial motor vehicle (CMV) crashes and safety-critical events in 2009. They found the following:
Commercial automobile insurance is a broad term that refers to most commercial business automobiles, including but not limited to:
Commercial auto policies cover personal cars that are used for business, as well as SUVs, light duty trucks, buses, limousines, taxicabs, vans and other delivery vehicles used solely for business purposes. Use of these automobiles is associated with a range of risk factors, including how you use them, how often, and how many miles they travel each year, among other factors. Insurance companies review these risk factors along with any efforts your company may make to improve driver safety, when they assess the amount of coverage your business needs.
If you are looking for coverage information on large trucks and heavy equipment used for business purposes, refer to the commercial truck insurance section.
Commercial auto insurance is similar to personal auto insurance in basic coverage, such as liability, comprehensive, collision and other types of coverage that are specific to business vehicle use. A commercial auto policy is designed to protect your business from significant losses that could affect your company’s financial wellbeing.
Commercial auto insurance policies combine several different types of coverage – some are required and some are optional. A typical policy includes some combination of the following:
The right commercial insurance can protect you, your business, and all of the drivers in your commercial cars, vans, pickup trucks or limos in an accident. One of the most critical ways to protect your company is by having adequate liability coverage in case you or one of your employees causes an accident that injures another person or damages their property. If a claimant files a law suit against your business due to an accident, your company’s finances can be at stake. Depending upon the circumstances, even your personal finances as the business owner can be at risk.
Make sure your commercial auto insurance protects your business investment and personal liability by covering the costs of damages, claims, legal fees and the amount awarded to the claimant. An independent agent in the Trusted Choice network can help you to determine appropriate levels of protection for your business and your personal assets, and provide a range of quotes from several insurance companies for you to compare.
Small business owners and entrepreneurs often use their own cars while on the job without a second thought. However, it is important to know that your personal insurance may not cover commercial use of your auto.
It’s very common for a small business owner to send an employee out on an errand, whether to get supplies from the local store or to give a business consultant a ride from the airport. If the staff member gets behind the wheel of his own car, and the business owner does not have a commercial auto insurance policy in place that covers that worker and his car, any injuries or damage that result from an accident may not be covered.
Regardless of how much or how little you and your employees use personal vehicles in the course of doing business, getting adequate coverage in place can prevent a financially damaging event from putting your business at risk.
Many people start their insurance-quote shopping online. The downside is that an automated online system cannot answer your questions, compare dozens of companies and quotes, and give you fast but accurate results. It is also important to know that with direct insurance companies, you are typically restricted to buying one type of policy.
An independent agent, by contrast, can provide all of your commercial coverage through one office. A local independent agent in the Trusted Choice network can sit down with you, get to know your business, and learn how you and your employees use your business automobiles. Your agent will ask a variety of questions designed to not only get you an accurate quote, but also find discounts that may be available to you. You may be asked questions such as:
Your agent will work closely with you to assess your needs and ensure your policy fully meets your needs and provides the level of coverage you are seeking.
A Trusted Choice member agent is your best resource for all of your business insurance needs. An independent member agent can research many companies that provide commercial auto insurance to find the best quotes, and put together a package of business and commercial auto insurance for you. You can get all of your business coverage conveniently right through one office.
If you’re in the market for commercial auto insurance, or if you have coverage already but aren’t sure it’s comprehensive or competitively priced, find a local Trusted Choice independent agent. You will get an open and honest assessment of your coverage to determine whether or not you can do better.