Get a Free Quote for Business Auto Insurance
Whether you have a small fleet of vehicles or a large transportation company, having the right business auto insurance policy can provide you with peace of mind and protect you from financial losses. Fill out our form today to receive a free quote.
Protect Your Business Vehicles
As a business owner, you understand the importance of having the right insurance coverage to protect your assets and employees.
What is Business Auto Insurance?
Insurance coverage for business-owned vehicles, including cars, trucks, and vans, is referred to as business auto insurance. This type of insurance provides both liability and physical damage protection. Unlike personal vehicles, commercial vehicles are exposed to greater risk and therefore require a distinct insurance policy.
What Vehicles Are Covered by Business Auto Insurance?
Business auto insurance is a type of insurance policy that provides coverage for vehicles used for business purposes. If your business uses vehicles for transportation of goods or people, it is essential to have business auto insurance to protect your business from financial loss.
However, not all vehicles used for business purposes are eligible for business auto insurance coverage. It is important to note that the coverage provided under the business auto insurance policy can vary depending on the type of vehicle and the specific needs of your business. It is recommended to consult with an insurance agent to determine the appropriate coverage for your business.
The vehicle types covered by business auto insurance include the following:
- Cars
- Limousines
- Pickup trucks
- Buses
- Food trucks
- Motorcycles
- Delivery/cargo vans
- SUV’s
- Tow trucks
- Passenger vans
- Box trucks
- Flatbed trucks
- Dump trucks
- Dry van trailers
- Refrigerated trailers
What Does Business Auto Insurance Cover?
Bodily Injury Liability Coverage
Bodily injury liability coverage compensates for bodily harm or death that results from an accident caused by the policyholder. Legal defense expenses may also be covered depending on the policy type.
Property Damage Liability Coverage
Property damage liability coverage protects the policyholder if their vehicle damages someone else’s property or vehicle by accident. Legal defense expenses may also be included in the policy.
Medical Payments, No-Fault or Personal Injury Coverage
Medical payments, no-fault, or personal injury coverage covers medical expenses for anyone injured in the policyholder’s vehicle, regardless of who caused the accident.
Uninsured Motorist Coverage
Uninsured motorist coverage pays for medical expenses and property damage resulting from an uninsured or hit-and-run driver. Some policies also include underinsured motorist coverage for accidents caused by a driver with insufficient insurance.
Comprehensive Physical Damage Coverage
Comprehensive physical damage coverage covers damage to the policyholder’s vehicle or trailer caused by theft, vandalism, fire, flood, or other specified hazards.
Collision Coverage
Collision coverage covers damage to the policyholder’s vehicle or trailer caused by a collision with another vehicle or a single-car accident.
Who Should Consider Business Auto Insurance
Small business auto insurance is essential for any company that utilizes vehicles, and we offer coverage for various types of businesses. Some of the types we’ve insured in the past include the following:
- Accountants
- Architects and engineers
- Bakeries
- Business management consultants
- Cleaning and janitorial companies
- Contractors
- Corporate trainers
- Dog walkers and pet sitters
- Electricians
- Food service companies
- Home inspectors
- Insurance agents
- IT consultants
- Landlords
- Landscape companies
- Personal trainers
- Photographers and videographers
- Retail businesses
- Transportation companies
- Tutors
How are Business Auto Insurance and Personal Auto Insurance Different?
Although both personal auto policies and commercial vehicle insurance policies offer coverage for liability, collision, comprehensive, medical payments (or personal injury protection), and uninsured motorist risks (sometimes including underinsured motorist), it is important to note that these policies can differ significantly. This is because they have distinct eligibility requirements, definitions, coverages, exclusions, and limits.