General

What is Commercial Auto Insurance?

Commercial auto insurance covers the costs associated with an auto accident when employees or you use an employee-owned vehicle to conduct business. This insurance coverage could cover property damage and medical expenses in the case of a fatal crash.

Commercial auto insurance may help safeguard your business in the event, for instance:

  • A pedestrian is struck by an employee when driving to work. The pedestrian needs medical attention that can lead to costly medical costs.
  • You make a rash turn as you drive on your way to the office in a corporate vehicle, and you take out an ordinary mailbox.
  • An employee commutes for work using a company car then crashes into another vehicle and can complete the vehicle.
  • Get a commercial vehicle insurance quote today and find out what you can do to protect your business from the road.

What is Commercial Auto Insurance Cover?

Although the requirements for coverage and coverage availability differ from state to state, these are the most common kinds of commercial auto insurance available to business owners.

Bodily Injury Liability Insurance assists in paying for the medical costs.

  • Property Damage Liability Insurance will cover the damage either you or employees do the property of someone else.
  • Collision Insurance helps you repair or replace your business car if you are hit by something, such as another vehicle or pole.
  • Comprehensive Coverage may help cover the cost of car damage caused by fire, theft, or natural catastrophes.
  • Medical payments insurance may help with medical costs for your employees and guests in the event of an accident, for example, medical treatment and rehabilitation, dental treatment, or funeral costs.
  • Uninsured/Underinsured Motorist Coverage helps pay for your or your employees’ medical expenses or fix your car if the other driver lacks enough liability coverage.
  • Rental Car Coverage offers liability insurance when you or the employee uses an automobile for business. A lot of rental companies offer loss damage waivers or a collision damage waiver you can sign to prevent having to pay for damage to property caused by the vehicle you are renting.

The Personal Injury Protection (PIP), Also called no-fault insurance, helps pay medical costs as well as funeral expenses following an accident, irrespective of the person who caused the accident.

Non-owned and hired auto insurance covers lawsuit liability when you or your employees are involved in an accident involving the personal, rented, or leased vehicle that was used for business-related errands. But, this kind of insurance for commercial vehicles won’t cover the cost of damage to your vehicle.

Who needs Commercial Auto Insurance?

Consider commercial auto insurance if your business:

  • Leases owns or leases vehicles, including vehicles and trucks
  • Employees who operate their own cars for business
  • Employees who operate company vehicles, whether leased, rented, or owned company vehicles
  • What is the difference between Personal and Commercial Auto Insurance?

If you are a business owner, you should have the proper insurance policy for your auto to safeguard your company’s vehicles and any employees involved in an accident involving your company vehicles.

Commercial insurance for vehicles – you’ll require this type of insurance if you’re using the vehicle for business. In general, all your employees working for your company who have a valid license will be covered for additional insurance. Commercial auto insurance typically provides more extensive coverages, including greater limits and liability insurance.

Personal auto insurance is when you’re driving your vehicle to go on personal trips, like the commute to work, it is necessary to have this type of auto insurance. Most of the time, only you and your closest family members who individual automobile insurance plans will cover. The coverage limits tend to be less.

How Much is Commercial Auto Insurance?

The amount you be charged for a commercial auto insurance policy will depend on your business’s industry and the kinds of vehicles your company uses. Most often, contractor-based businesses, like electricians, landscapers, carpenters, and other construction companies, will charge more expensive monthly fees as opposed to other professions. There are a variety of factors that can affect the price of your car insurance, such as the following:

  • The type of business you own
  • The type of vehicle that the employee uses
  • Record of driving for your employee’s
  • The type of load that the company’s vehicle is transporting
  • Your company’s location
  • The amount of liability insurance you select
  • Select Hartford for Commercial Car Insurance. Hartford for Commercial Car Insurance
  • Unique, Customized Coverages

All business owners face unique risks. We can tailor policies to meet the requirements of your business. If you’ve damaged your business automobiles as a result of an insured loss, our commercial auto insurance policies can safeguard your business in numerous ways. The downtime loss insurance will help you cover your company’s loss of revenue. The rental reimbursement policy will help you pay for the cost of renting a car, and our towing Coverage could help pay for towing costs if your vehicle isn’t working.

Superior Commercial Auto Insurance Claims

Our expert claims professionals will assist you in expediting claims anywhere within the U.S. They’re committed to helping you get back to your vehicle and back in business as soon as is possible.

Get extra protection for your business auto at no additional cost.

The commercial insurance we offer gives additional security for your business at no extra cost. This includes:

  • Electronic devices are covered.
  • Gap insurance for cars that are loaned or leased
  • An additional 10% of the actual cost value of up to $2,500 in the event of total loss vehicles being replaced with hybrids electric, natural gas, or electric vehicle.
  • Other Resources on Commercial Auto Insurance
  • Commercial Auto General Liability Insurance
  • Commercial Auto Claims
  • Commercial Auto Insurance Reviews
  • Drive Other Car Insurance

Hartford has formed a partnership in partnership with Via Transportation, Inc. in its expansion out of Canada. The U.S. into Canada, providing commercial auto ride-sharing insurance to protect its drivers as well as passengers. For more details about the Coverage

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