Business or Commercial Auto Insurance
One needs almost the same business insurance coverage for the cars, trucks, vans, etc., as they need for their personal vehicle. Your Business owners Policy (BOP) may not give you any or limited coverage for vehicles, so you need to have a separate policy.
Each of the vehicles you use in your business can be separately listed on your policy along with their respective coverage. This can be based on the type, size, age, theft rating, safety rating and value of the vehicle.
Many businesses use vehicles, primarily cars to get through their day-to-day operations. If your business has one or more vehicles, it’s a good thing to get commercial auto insurance, also called business auto insurance to help financially in case of an accident. You need separate business auto insurance because your personal auto insurance policy doesn’t typically cover your company’s vehicles.
Coverage may include vehicles leased or owned by the company, or employee-owned vehicles used for business purposes.
Contact EZ Online Service to know more about commercial auto coverage that best fits for your needs.
What is covered under a Commercial Auto Insurance policy?
A Business auto insurance policy will pay for repairs of your company vehicle or even your company vehicle driver's medical bills after a mishap. Do understand that a covered claim is going to be subject to your policy limits.
All coverage availability & requirements differ from state to state, so you must connect with us to know about Commercial Auto Insurance policy in your state.
To help you get started, we have put together some of the typical business auto insurance coverages
- Bodily injury liability and
- Property damage liability coverage.
Collision Coverage:
Collision coverage will help pay for the repairs of your company vehicle.
Comprehensive Coverage:
Comprehensive coverage will help pay for your company vehicle repairs in case the car is damaged from something other than a collision, like theft, vandalism, fire, etc.
Uninsured or Underinsured Motorist Coverage:
Uninsured/underinsured motorist coverage will help pay for your driver/employee’s medical bills or your business vehicle repairs if they get involved in an accident that is caused by another driver who may not have enough liability insurance to pay for the medical bills or repairs.
Rental car Coverage:
Rental car coverage will help cover the cost if you rent a vehicle while your company car is in the garage/shop for repair after an accident.
What is not covered under a commercial auto insurance policy?
There are few exclusions to the coverage, while most coverages will depend upon your state, here are few things that are not covered:
Unrelated Medical expenses in an accident. Expenses that are not related to an accident when your employee was driving a company vehicle could be declined by the company.
The contents in your commercial vehicle
Repair cost for a rental vehicle that you are using while your company car is being fixed after an accident.
Let EZ Online Services help you choose a policy that will fit your needs. Protecting all your assets, whether business, personal or both, is our primary goal. An insurance policy chosen by an expert can lessen the impact of some of life’s most common, yet unforeseen accidents.
