What Does Commercial Auto Insurance Cover?

Is your company in need of coverage for your fleet? Do you have interest in opening up a new policy for your startup business, but are unsure of what to look for? If so, then you need to learn all that you can about commercial auto insurance.

Doing so can help you ensure that you’re lining yourself up with the right provider.

See below for an in-depth guide on what commercial auto insurance contains and how to make sure you’re getting all the coverage that you need.

1. Medical Expenses

Imagine the horror of finding out that one of your employees was involved in a car accident while they were driving your commercial vehicle.

Not only are they having to endure (and recover from) some serious injuries, they also have costly medical bills to come with it. Medical bills that they aren’t financially able to cover.

With proper commercial auto insurance in place, all of your employee’s medical expenses and bills will be covered. If the injury was associated with the car accident, their medical bills are taken care of and it doesn’t matter who was at fault for the accident.

Without proper commercial auto insurance for your fleet, you or your employee will be left on the hook for their medical expenses.

Commercial auto insurance shows your entire staff that you’ve got their best interests in mind. It isn’t just a way to cover the repairs for your vehicles, it’s to protect the financial future of your company and, more importantly, your staff’s personal lives.

With their medical expenses covered, you’ll be able to retain your top-tier talent and help them focus on recovery so they can get back to normalcy much faster.

2. Liability for the Accident

Unfortunately, with the fast pace of today’s business environment, people aren’t always exercising proper driving techniques to avoid car accidents.

Time is of the essence. You and your staff are hustling and bustling to meet deadlines for your customers, making sure you’re where you need to be at the exact time you’re supposed to be there.

That’s when car accidents occur. In fact, car accidents are so common that there are more than 6 million car accidents every year in the United States. Unfortunately, that stat tells you you should prepare for at least one car accident among your commercial fleet in the coming years.

If you or your staff member were at fault for the crash, then it could cost you dearly. Fortunately, with commercial auto insurance coverage, all the damages for the accident are covered.

Liability coverage helps pay for the repair costs of any other vehicle that was involved in the accident. It also helps cover the legal expenses if you or your company is sued for the other driver’s injuries that they sustained.

3. Uninsured Motorists

If you or one of your staff members are involved in an accident because of the negligence of another, their auto insurance should cover all the damages and injuries associated with it. But what if they aren’t properly insured?

What if they intentionally (or accidentally) allow their policy to fold and they aren’t properly insured at the time of the accident? No provider will take them on as a client with that going on.

While the other party might have a hard time, your commercial auto coverage will provide the financial coverage you desperately need. We ensure that our clients never have to take a loss for a car wreck they weren’t responsible for, no matter what the circumstances might be.

Don’t let your company’s future hang in the balance because of the carelessness of another person. Make sure you line yourself up with a reputable commercial auto insurance provider today.

4. Physical Damage

So far, we’ve covered all the different ways that your commercial auto policy can give you coverage on damages and costs related to auto accidents. But what if your car sustains damage from something outside of a car accident?

Believe it or not, several incidents can cause damage, even when your car isn’t in motion. This could be things such as:

  • Weather-related events
  • Collapsed trees
  • Vandalism

You shouldn’t be forced to cover the damage of an unforeseen situation. Lesser car insurance providers might try to catch you on a technicality and not cover the expenses. We want to make sure your company never endures such a situation.

If your company fleet is the victim of theft, we’ll be there. If your car has been vandalized by someone during the night, we’ve got you covered.

Do you have questions related to the physical damage that is covered in our policies? If so, call us. We’re happy to elaborate for you!

Invest in a Trusted Commercial Auto Insurance Provider Today

Now that you have seen all the different ways that commercial auto insurance can save your company’s financial situation, be sure to use it to your advantage.

Be sure to read this article for more information on the types of businesses that need commercial vehicle insurance for their company.

For more inquiries, please be sure to reach out via our contact us page and we will be happy to assist you further.