What is Commercial Auto Insurance?

Are you a business owner? Do you often drive around for business and meet clients? What do you know about Commercial Auto Insurance? Many people have a misconception about commercial auto insurance, thinking that only trucks or buses need commercial auto insurance, but commercial auto insurance covers a lot more than that!

What is commercial auto insurance?

Commercial auto insurance protects businesses against claims arising from accidents involving vehicles used by the business. Coverage includes third-party liability and physical damage. Most policies will also include first-party coverage types, such as medical payments and collision.

Why do you need commercial vehicle insurance?

Personal auto insurance policies can provide enough auto insurance coverage for some businesses, especially if you’re also driving your vehicle for personal use. However, if you require specific commercial auto insurance coverages, high Liability insurance limits, operate an unusual vehicle, haul special equipment, transport goods or people, or have other special needs, then you’ll need commercial auto insurance.

Do I Need Commercial Auto Coverage If I Have a Personal Auto Policy?

It depends. If you only use your personal vehicle to commute and to occasionally meet a client, your personal auto coverage might be enough.

However, business auto coverage might be a better fit if:

  • You frequently drive your personal vehicle for business.
  • You own a vehicle that is registered to your business.
  • Your employees drive company vehicles.

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