Commercial auto insurance is a flexible type of insurance that can cover multiple vehicle types and even some types of motorized equipment. It includes coverage for both bodily injury and property damage while operating a company vehicle. It also provides medical payments (also known as Personal Injury Protection, or PIP) for both the driver and passengers of the policyholder’s car.
If you’re renting cars or your employees are using their own vehicles, this type of coverage might be right for you. It protects against liabilities that can result from the use of a rented/leased vehicle, or a non-owned vehicle (for example, when an employee uses their own vehicle while on the job).
You can often add this type of coverage very affordably to a business auto insurance policy; you can also occasionally add it to a general liability policy.
It’s important to know that personal insurance policies for privately-owned vehicles (such as your family car) may not cover damage to that vehicle when it’s used for business, regardless of the type of business. A commercial auto insurance policy can help ensure your business has the coverage it needs.
Looking for coverage that meets your commercial vehicle needs? We would love to help. Contact us today.