Commercial Auto Policy protects the business when a company-owned vehicle or one used by employees is involved in an accident. If your business involves employees driving for any part of their role in your business, you need commercial auto.
Here are the key components of commercial auto insurance:
Liability Coverage
Liability Coverage pays for bodily injury, death and or property damage, when a covered automobile is at fault.
Collision Coverage
Collision Coverage pays for damage to the vehicle resulting from a collision, regardless of fault.
Comprehensive Coverage
Comprehensive Coverage pays for damage to the vehicle from non-collision events, such as theft, vandalism, or natural disasters.
Medical Payments Coverage
Medical Payments Coverage pays for medical expenses regardless of who is at fault. This coverage will pay for injuries to the driver and passengers either in an accident or while entering and exiting the vehicle.
Uninsured/Underinsured Motorist Coverage
When a driver without adequate financial responsibility hits your vehicle, you need Uninsured/Underinsured Motorist Coverage to cover the costs of repair or replacement.
Cargo Coverage
Cargo Coverage protects goods transported by the business.
Hired and Non-Owned Vehicle Coverage
Hired and Non-Owned Vehicle Coverage this provides coverage for vehicles not owned by the business but used for business purposes (e.g., a car rented for a work trip or personal vehicles used by employees for business tasks).
Commercial auto insurance is essential for businesses that use vehicles for operations—whether it’s delivery trucks, company cars, or even employee vehicles used for business tasks. The business auto policy helps mitigate the risk of financial loss due to accidents, damage, or theft.
Here at Legacy Insurahttps://lavonins.com/about-usnce we assist business owners in their selection of commercial insurance. While commercial auto shares some similarities with personal auto policies you need a Texas Licensed to tailor a policy specific to your needs.