Commercial Vehicle
Commercial Vehicle Insurance
Commercial auto insurance covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.
Businesses that purchase commercial auto insurance often:
- Have a vehicle titled to their business
- Drive to and from worksites
- Carry tools, equipment, or products used for work
- Transport clients or employees
- Rely on delivery drivers or couriers
What does commercial auto insurance cover?
Auto accident liability
Commercial auto insurance includes liability coverage that helps pay for damages in an accident you caused. That could include: Repair costs for the other person's damaged vehicle or property, and Legal expenses if you're sued over the other driver's injuries
Medical payments
Commercial auto insurance policies that include medical payments coverage can pay for: Your medical expenses if you're injured in a car accident, Medical expenses for passengers in your vehicle, and This coverage is available regardless of who caused the accident.
Physical damage and collision
Commercial automobile insurance protects against vehicle theft and physical damage, as well as provides comprehensive coverage for non-collision damages, such as: Vandalism, Fire and certain weather events, and Impact with another object
Accidents involving uninsured motorists
About one in eight drivers in the United States are uninsured, according to the Insurance Research Council [PDF]. When they cause accidents, they might not be able to pay for damages. Your policy's uninsured motorist coverage makes sure your business doesn’t have to pay for the resulting medical expenses or vehicle repairs.