Commercial auto insurance is necessary for many businesses and employees using vehicles for business purposes. In general, commercial auto insurance is necessary for vehicles driven for professional or business purposes other than simply commuting to and from work. Commercial policies are like personal policies, but often come with higher coverage limits to account for increased liability. Certain business uses or vehicle types are excluded from personal policies, so ensuring the right coverage is in place is essential to protecting financial security.
The type of commercial auto coverage you need depends on the kind of driving and transportation requirements of the business. Commercial auto policies cover
- individuals who use personal vehicles for business use,
- businesses that conduct a service with a vehicle,
- businesses that offer transport services (goods or people) for a fee, and
- vehicles leased or owned by a business.
Fleet insurance provides coverage for multiple vehicles under one policy. Vehicle types that fall under fleet coverage include automobiles, trucks, trailers, vans, and more. Specialized industries can require specialized coverage. Businesses that offer non-emergency medical transportation (NEMT) have a unique set of risks that needs unique, industry-specific coverage.
Contact Bukaty Companies Property & Casualty risk advisors today to request a quote on commercial auto insurance.
