No matter if it’s a landscaping truck, food truck or fleet of vehicles; commercial auto insurance is essential. It provides liability coverage as well as additional safeguards such as medical payments coverage and uninsured/underinsured motorist protection.
Employees driving personal cars or trucks for business purposes are also covered, since most personal policies exclude this usage. We can tailor our coverage specifically to your needs with additional endorsements and add-ons tailored specifically for your industry or field of activity.
Liability
Commercial auto insurance policies protect businesses against liability should one of their employees cause an accident while performing work-related errands in their own vehicle. Such policies typically include bodily injury and property damage coverage to cover any related costs as well as legal defense fees should something occur that needs legal defense fees to defend.
Business car insurance policies often include collision and comprehensive coverage that pays to repair or replace vehicles damaged in ways other than an automobile collision – for instance vandalism, flood, fire and other specified perils can have devastating results for businesses’ assets. When selecting coverage options it’s essential for business to factor in these specific risks when protecting its assets.
Personal auto policies typically exclude any use of vehicles for business-related purposes. As a result, if an employee uses their own car for work-related reasons and gets into an accident while using it for work-related purposes, the business could potentially be held liable for damages that exceed its policy limits. To address this risk, many business owners purchase hired and non-owned auto (HNOA) insurance which provides extra coverage against accidents that occur while using personal or leased vehicles, borrowed for work purposes as well as vehicles that were borrowed as employees’ cars for work-related use by adding HNOA coverage for accidents involving personal and non-owned automobiles used while used solely for work purposes or borrowed to protect them against liability claims related to HNOA policies limitations relating solely.
Medical payments and uninsured/underinsured motorist coverage is also available, which can cover expenses incurred if an injured driver is hit-and-run by an uninsured or underinsured driver – this coverage could prove invaluable as one in three drivers in America remain either uninsured or underinsured, leaving businesses on the hook should an accident caused by such drivers occur.
Physical Damage
Commercial auto insurance provides cover for damages to vehicles your business owns, leases or rents as well as roadside assistance coverage – such as towing services, locksmith services, fuel delivery or fluid delivery, battery jump-starting and vehicle rental costs while your vehicles are being repaired at a shop. Regardless of how large or small your fleet is, it’s crucial that this coverage protects these investments made into them as well as those made into drivers themselves.
Even minor accidents can be costly for businesses. Without sufficient protection, your organization could become responsible for medical bills, property damage repairs and legal fees associated with the incident as well as additional expenses associated with their aftermath.
Most states mandate businesses maintain at least minimum bodily injury and uninsured/underinsured motorist coverage, but there are other coverage options to explore as well. Some insurers provide extra protections such as hired and non-owned auto coverage – which provides liability protection to vehicles your employees drive personally as well as those you rent, rent or borrow for business use. Other options such as blanket additional insured coverage or hired auto physical damage coverage can also be obtained independently – these often appear on commercial auto policies as endorsements; for more information contact an independent agent locally.
Comprehensive
Businesses of all sizes depend on vehicles for transporting tools and equipment to job sites or meeting with clients, and having commercial auto insurance can protect these investments. Policies typically provide liability and physical damage coverage against claims related to vehicle use, with additional protection such as medical payments and uninsured/underinsured motorist coverage as additional features.
Commercial auto or fleet coverage offers your business various options and coverage limits to suit their unique needs. Liability coverage covers bodily injury and property damage protection for incidents occurring while you or an employee is driving on business, while many states mandate minimum limits of coverage. Some policies also offer optional specified causes of loss coverage which provides extra protection for such events as theft, fire or weather events that might impact its vehicle.
Your business may require hired and non-owned car coverage as an addendum to its commercial auto policy if employees use personal vehicles for business-related use, known as driven other car coverage, which extends liability protection for vehicles you or your employees rent or borrow for professional reasons. Some policies also offer drive other car coverage which covers accidents that happen while using personal vehicles for professional reasons.
Uninsured/Underinsured Motorist
Uninsured/underinsured motorist coverage will provide essential assistance should an employee or themselves become injured by a driver with insufficient or no insurance at all. You can add this coverage to your commercial auto policy; just ensure you consult a specialist about its specific details first.
If you or any of your employees use personal cars on business errands, your business auto policy must include hired and non-owned auto (HNOA) coverage to protect you in case an employee gets into an accident while driving their own car for work-related duties. In certain states, such coverage may even be mandatory by law.
Some states permit you to purchase uninsured/underinsured motorist coverage separately from your commercial auto policy, which could prove invaluable if you regularly hire or rent vehicles.
biBERK stands as one of the premier Berkshire Hathaway-owned companies offering products to small businesses, making them a leader in their market. BiBERK strives to offer customers an easy shopping experience and tailor affordable policies at prices they can afford, offering both experience discounts and payment discounts in addition to an exclusive bundling discount when purchasing multiple types of business insurance policies from them. Contact one of their specialists now and see how much money you could be saving with biBERK.
