Comprehensive Guide to Commercial Vehicle Insurance

Discover essential information about commercial auto insurance, including coverage options for various business vehicles. This guide highlights key policies, differences from personal auto insurance, and critical coverage details to protect your business fleet effectively.

Comprehensive Guide to Commercial Vehicle Insurance

Running a business that relies on vehicles requires securing commercial auto insurance to protect your fleet, including cars, vans, and trucks used for commercial purposes. Whether managing a large fleet or a small operation, adequate coverage is essential.

Commercial auto insurance covers liabilities that personal auto policies do not, addressing various situations, usages, and vehicle types essential for business success. This insurance supports a wide range of vehicles, from small service cars to large commercial trucks.

Protected vehicles include food trucks, delivery vans, work-related trucks, and utility service vehicles. These larger vehicles also require coverage for employees operating them and the equipment inside.

Similar to personal auto policies, commercial auto insurance includes coverages like collision, comprehensive, liability, medical payments, and uninsured motorist coverage. However, differences exist in eligibility, coverage limits, exclusions, and policy definitions. Here are some key coverages offered:

Bodily Injury Liability:

This coverage handles costs related to injuries or fatalities resulting from accidents for which you're at fault and provides legal defense.

Property Damage Liability:

It protects against damages caused to other's property.

Combined Single Limit (CSL):

Offers a single coverage limit applicable to both bodily injury and property damage.

Collision Coverage:

Pays for damage to your vehicle in accidents involving collision.

Uninsured Motorist Coverage:

Provides coverage when you're hit by an uninsured driver or in hit-and-run incidents.