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Ohio Commercial Vehicle Insurance

Find Affordable Ohio Commercial Auto Insurance

Find the right commercial vehicle insurance policy for you.

Ann Herro | March 1, 2020

Ohio is filled with locally-owned businesses, and many of them, particularly those in the manufacturing, construction, and food services industries, rely on a company vehicle, or fleet of vehicles, for their day-to-day business operations. If you own a business that employs the use of company cars or trucks, you are required by law to insure them with an Ohio commercial auto insurance policy. These policies can protect your business from potential costly lawsuits. 

Independent Insurance Agents in our network can review your current policies, and help you find enough coverage to protect your business assets. Contact a local member agent for more information, and start comparing a selection of Ohio commercial auto insurance quotes today.

Recent Ohio Motor Vehicle Crash Statistics

  • Number of motor vehicle accidents on OH roads: 292,163
  • Number of collision-related fatalities: 72,305
  • Number of collision-related injuries that required medical attention: 72,305
  • Number of collisions that resulted in property damage only: 218,917
  • Number of accidents that involved medium or heavy trucks: 21,370
  • Number of accidents that involved vans, busses or limousines: 2,810

How Much Insurance Is Needed for Ohio Commercial Vehicles?

There are a variety of different commercial vehicles on Ohio’s roads at any given time. These can range from cars, such as those used for local deliveries, to large 18-wheeler trucks that transport goods across the country. Different types of vehicles have different insurance requirements mandated by the state. For example, vehicles used to transport passengers will have high liability coverage requirements, because an accident can lead to multiple injury claims. Commercial trucks that carry hazardous materials will need higher liability coverage than those that do not, and any 18-wheeler truck that is used for interstate conveyance will need to meet federal and state insurance requirements. 

You can speak with an agent to get more information about the coverage requirements for your company’s commercial vehicle, or fleet of vehicles, to ensure that your Ohio commercial auto insurance policy is compliant with state and federal laws. An agent can also review other coverage considerations, such as insurance to cover the value of the cargo these vehicles may be transporting.

Recent Average Collisions Cost - National Safety Council

  • Each fatality: $1,420,000
  • Each incapacitating injury: $70,500
  • Each non-incapacitating injury: $22,700
  • Each property-damage-only collision: $9,100

If one of your company’s vehicles is involved in a serious collision, particularly one that results in casualties, your company can face enormous liability charges. When a company, rather than an individual, owns the vehicle, jury awards can be very high.

What Does Ohio Commercial Auto Insurance Cover?

All Ohio commercial vehicle insurance policies will provide liability protection to cover injuries or property damage to others in the event of an accident. Some of the many other coverage options you can purchase include:

  • Personal injury coverage: This will cover costs if your driver or a passenger is injured in an accident, regardless of fault.
  • Collision coverage: This will cover collision-related damages to your company’s vehicle, regardless of fault.
  • Comprehensive coverage: This will cover non-collision-related loss or damages to your company’s vehicles. Covered events include vandalism, theft, falling objects, fire, severe weather, and floods.
  • Uninsured/Underinsured motorist coverage: This will provide coverage for injuries or property damage if your driver is involved in an accident with an at-fault motorist who lacks proper insurance coverage or the necessary funds to cover the damage or injuries.
  • Non-owned auto coverage: This provides liability coverage if one of your employees is involved in a motor vehicle accident while using their own vehicle to do company business.
  • Loading and unloading coverage: This provides compensation if products or merchandise are damaged while loading or unloading a company vehicle.
  • Bobtail insurance coverage: This provides coverage for tractors that are being driven without a trailer in tow, even if they are being driven for personal rather than commercial purposes at the time.
  • Towing and labor: this provides roadside assistance if your company vehicle becomes disabled while on the road.

An agent can help you review your Ohio commercial vehicle insurance options, and will help you build a policy that meets your company’s needs.

Minimize Your Company’s Vehicle Risks

When hiring drivers, always be sure to employ only experienced drivers with good driving records. Keep in mind, however, that even the best drivers can find themselves involved in a motor vehicle collision. Uncontrollable factors such as hazardous roadways, inclement weather and reckless maneuvers by other drivers can all play roles in causing collisions.

Many commercial vehicle accidents, however, are preventable. You can do your part to reduce your risks by ensuring that your company vehicles are always well-maintained. You can also provide your employees with safe-driving educational materials and training. Also, because driver-fatigue can cause distraction and inattention on the road, be sure to limit the number of hours your drivers spend on the road each day.

Find Ohio Commercial Auto Insurance Quotes

There is no such thing as a one-size-fits-all insurance policy when it comes to Ohio commercial auto or commercial truck insurance. For this reason, you should not base your decision on which policy to choose on price alone. While one policy may come at a much lower rate, it may not include all the coverage you need to keep your business operation running smoothly. An independent agent in our network can show you a variety of commercial vehicle policies and can help you review them carefully before you make a selection. 

Contact a member agent near your home or business now and get Ohio commercial vehicle insurance quotes to protect your business.

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