Business auto insurance is the equivalent of your personal auto insurance policy, but it protects vehicles and drivers associated with your business. If your business owns vehicles, this policy will insure your business for costs associated with collisions or other vehicle damage. It also provides liability coverage for your business if one of your drivers is at fault for an accident.
Your commercial auto policy can cover:
- Vehicles that your business owns
- Vehicles that your business owns, hires, or leases
- All vehicles that are used for business purposes, including those that the business does not own, hire, or lease (e.g., when you or your employees drive your own personal vehicles for business purposes)
Remember, while your business may rely on cars and trucks to transport employees to and from meetings or move products and materials, one accident can cause a financial nightmare for your business. If one of your employees is responsible for an accident, your company may be required to pay for the damage to other cars and for the medical expenses of any injured drivers or passengers.
But with the proper Massachusetts commercial auto insurance, you can be sure your business is protected from the costs of roadway threats.