What Are the Benefits of Commercial Auto Insurance?

Commercial auto insurance is a type of protection that is provided to vehicles that are driven for business purposes. There are a number of benefits from commercial auto insurance for businesses and business owners.

Basic Benefits

Commercial auto insurance provides the same type of protection as personal insurance--including liability, collision, medical payments or personal injury and uninsured motorists. This helps businesses and their owners offset the costs of replacing or repairing vehicles and affording any settlements required from an accident or theft.

Umbrella Policies

Most umbrella business insurance policies exclude coverage for business vehicle accidents and claims. Having commercial auto insurance fills the gap left by umbrella policies.

Drivers

Commercial auto insurance covers any employee of the business who is operating the vehicle for work-related purposes. Some types also cover vehicles rented or leased for business purposes.

Group

Commercial auto insurance can be used to insure an individual vehicle. It can also be purchased in group benefits to cover entire fleets of vehicles used by a business.

Other Benefits

Commercial auto insurance often includes roadside assistance for business vehicles, as well as extra protection against legal action not usually covered by personal auto insurance.