Any business that owns and operates vehicles will need to purchase Commercial Auto Insurance. It is not only required by law, but it also protects your company’s assets from potential claims and/or lawsuits.
Commercial Auto Insurance differs from standard personal auto insurance in that it is written and rated specifically for the needs of a business in order to protect it from physical damages and liabilities which may not be covered in a standard personal auto policy. These differences can include much higher limits of liability on a Commercial Auto Insurance policy than can be afforded under your standard auto policy. Equipment and cargo coverage can be added as well, along with a variety of other exposures.
Commercial Auto Policies can protect:
- Owned Autos
- Non-Owned Autos
- Hired Autos
- Autos used for Business and Personal
- Mobile Equipment