Commercial Auto Insurance

Many companies own and operate vehicles for business purposes. Whether transporting materials and tools to worksites, hauling goods for deliveries or driving to meet clients, businesses rely on leased, rented or owned vehicles. If your company owns or operates vehicles for business purposes, you likely need a commercial auto policy.

What Protection Does Commercial Coverage Provide?

Commercial auto coverage is specialized coverage designed to protect your business’s vehicle investment. You may benefit from having commercial auto coverage if you have:

·       Vehicles owned or leased by your business. 

·       Employees who drive personal vehicles for business.

·       Company vehicles that are provided to employees for commercial and private use.

·       Vehicles that are hired or rented by your business. 

·       Certain personal vehicles that qualify as commercial vehicles because of their weight or size. 

Each commercial auto policy and situation is unique, and this list is not comprehensive. It’s a good idea to talk with our agents at the Eitzen Agency about whether you should purchase commercial auto insurance.

What Are the Benefits of Commercial Auto Insurance?

Commercial auto insurance offers numerous coverage options to protect your company’s drivers and vehicles.

·       Collision insurance—This can help cover damage to your vehicle sustained in an accident. 

·       Comprehensive insurance—This coverage can help pay for damage from non-accident mishaps, such as weather damage, fires, theft or vandalism. 

·       Hired/non-owned auto liability insurance—This liability coverage often covers vehicles not owned by your business but are used by you for business purposes. These may include employees’ cars or vehicles that you rent or hire for temporary use. 

·       Liability insurance—This coverage can help pay for the damage you do to others when an accident is your fault.

o   Bodily injury liability coverage can pay for third-party medical bills and sometimes death benefits. 

o   Property damage liability coverage can pay for damage to the other party’s property. 

·       Medical payments/personal injury protection—If you’re hurt in an accident, this coverage may help pay your or a passenger’s medical bills. Sometimes it covers other losses, such as lost income. 

·       Uninsured/underinsured motorist insurance—This may help protect against damage caused by someone else who doesn’t have adequate liability coverage.

Supplement Your Auto Coverage

You can choose to expand your business’s commercial auto benefits with additional policies and endorsements, such as rental car reimbursement, replacement cost vehicle coverage and roadside assistance. Talk with us to see if any of the following supplemental coverages apply to your business:

·       Rental car reimbursement 

·       Replacement cost vehicle coverage 

·       Roadside assistance 
 

Is Commercial Auto Insurance Expensive? 

Various factors influence the costs of your commercial auto insurance, including the type of coverage purchased, the type of business and location and the value of the vehicles you want to insure. 

How We Can Help

Any vehicle your business uses should have commercial auto coverage. To learn more, call the Eitzen Agency today at 580-227-2553.