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COMMERCIAL AUTO INSURANCE
Commercial Auto Insurance is a type of insurance coverage designed to protect vehicles used for business purposes. It provides coverage for the vehicles owned or used by a business and its employees while engaged in work-related activities.
This type of insurance is essential for protecting a business from financial losses associated with accidents, injuries, and property damage involving company vehicles.
Liquor Liability Insurance
COVERAGES
Vehicle Coverage
Commercial Auto Insurance covers a range of vehicles, including cars, trucks, vans, and specialized vehicles used for business purposes. This coverage may apply to vehicles owned or leased by the business.
Liability Coverage
Provides coverage for bodily injury or property damage for which the business is found liable in the event of an accident. This coverage is essential for medical expenses, legal fees, and damages resulting from a covered incident.
Collision Coverage
Pays for the repair or replacement of the insured vehicle if it is damaged or destroyed in a collision with another vehicle or object.
Comprehensive Coverage
Covers non-collision events, such as theft, vandalism, natural disasters, or collisions with animals.
Uninsured/Underinsured Motorist Coverage
Protects the business if involved in an accident with a driver who lacks insurance or has insufficient coverage.
Medical Payments Coverage
Provides coverage for bodily injury or property damage for which the business is found liable in the event of an accident. This coverage is essential for medical expenses, legal fees, and damages resulting from a covered incident.
Non-Owned Auto Coverage
Extends coverage to vehicles not owned by the business but used for business purposes, such as employee-owned vehicles used for company activities.
Hired Auto
Coverage
Provides coverage when the business rents or leases vehicles for business use.
Cargo Coverage (for trucks)
Offers protection for the goods or cargo being transported by the insured commercial vehicle.
Limits and
Deductibles
Provides coverage for bodily injury or property damage for which the business is found liable in the event of an accident. This coverage is essential for medical expenses, legal fees, and damages resulting from a covered incident.
Risk Assessment
​Insurers assess factors such as the type of vehicles, how they are used, the driving history of employees, and the business's location to determine premiums and coverage terms.
Exclusions
Policies may have exclusions specifying situations or events not covered by the policy. It's crucial for businesses to understand these exclusions.
Commercial Auto Insurance is vital for businesses that use vehicles as part of their operations. It helps protect the business from the financial consequences of accidents, injuries, and property damage involving company vehicles, ensuring that the business can continue its operations even after unexpected events. Businesses should carefully review policy terms, conditions, and exclusions to ensure they have the appropriate coverage for their specific needs.
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Annagard Insurance Agency is always here for all your insurance needs. Please feel free to call us at any time, we will be delighted to speak with you.