Commercial auto insurance for small business
We’re the #1 commercial auto insurer in America*, insuring more than 1 million commercial vehicles
Commercial auto insurance is liability and physical damage protection for vehicles, such as cars, trucks and vans, that are used for business. Commercial vehicles require a separate policy because they’re typically exposed to more risk than personal vehicles.
Commercial auto insurance isn’t just for industrial vehicles like semis or dump trucks. For example, businesses that use a car to run errands, carry tools or transport clients might also need a commercial auto policy.
Customized coverage to match your business
Selecting commercial vehicle insurance coverage that meets your specific needs is vital to protecting your business and income. A commercial auto insurance quote typically includes:
All commercial coverages
We can also adjust your policy to reflect seasonal changes to keep your rates low and your coverage steady.
We also provide special benefits including customized coverages, competitive rates, discounts, exceptional claims service and more. Commercial Auto insurance covers:
Includes cars, light trucks, SUV’s, vans and more. Business auto insurance customers enjoy advantages including discounts and access to network shops throughout the country.
From dump trucks to tractor trailers, we have the experience you’re looking for. We offer 24/7 claims service with an extensive truck repair network, discounts and more.
We cover a wide range of commercial trailers ranging from pickup truck utility trailers to large dump body trailers pulled by a tractor.
From accidents to injuries, having a commercial vehicle for your business comes with many risks. However, for many businesses having a company vehicle is crucial, which means having the right protections in place are just as crucial as having the vehicle itself.
Let us introduce you to Commercial Auto Insurance. The insurance that protects your business from vehicle-related accidents, so you can sit back and enjoy the ride.
Read on to understand if this insurance is right for your company.
What Is Commercial Auto Insurance?
Business Automobile Liability Insurance is for businesses that own and operate vehicles. This insurance helps companies cover the costs of repairing or replacing company vehicles within the boundaries of the insurance policy.
Every business that uses vehicles to transact business needs Commercial Auto Insurance. Companies using their personal vehicles for business-related purposes may find that their personal insurance does not cover business-related risks. Personal Auto Insurance on a vehicle used for business purposes may not have enough insurance, leaving the company financially responsible for losses.
Business Automobile Liability Insurance was purposefully designed to help protect businesses from the unknown. With higher coverage limits than personal auto insurance, it helps safeguard businesses and improves a business’ chances of continual operations.
Commercial insurance contracts create partnerships between companies and insurers. Under these contracts, insurers are required to pay for physical damages based on the terms of the insurance policy and up to the limits of the insurance coverage. Insurers can’t cancel Commercial Auto Insurance if a business files a claim against the insurance policy.
Businesses can purchase Commercial Auto Liability coverage for their cars, trucks, heavy-duty trucks, and semi-trucks.
Depending on the coverage selected, this insurance covers vehicles the business owns, contracts with, and leases. It also helps cover injured employees should an accident happen.
What Are the limits on Commercial Auto Insurance?
Limits are boundaries built into the coverage of an insurance policy. Businesses can choose the amount of their insurance coverage limit, which will determine the premium payment each month, semi-annually, or annually. Typical coverage limits available for Commcercial Auto Liability coverage are $500,000 and $1,000,000.
Businesses that are in industries that place drivers at a greater risk of experiencing an accident or incurring damage to their company vehicle benefit from purchasing a policy with a larger limit. With more insurance coverage, these companies have a higher limit for their insurers, before they are required to cover some of their liability costs.
How Much Does Commercial Auto Insurance Cost?
There are many factors insurers consider when they rate Commercial Auto Insurance. For instance, they consider the industry a business belongs to when they determine the cost of insurance. The following are additional factors insurance companies consider when determining the rate a business pays for Commercial Auto Liability coverage:
Employee driving records
Items being transported
The value of the vehicle
The type of vehicle
Amount of coverage
Type of coverage
With risks being the driving force behind the cost of Commercial Auto Insurance, insurance companies examine a business’ potential for risk to determine the cost of coverage.