Just as you have insurance on your personal car, commercial automobile insurance is to protect you, your firm and your assets.
The commercial automobile insurance policy provides the auto liability, medical expenses, uninsured motorist, collision and comprehensive insurance coverage and deductibles to create a commercial vehicle insurance program just for you and your firm.
For example, what if one of your truck drivers goes through a red light and hits other cars injuring others and causing property damages to other vehicles. If you have purchased a commercial automobile insurance for a $1 Million liability limit, your firm would have that coverage to pay for the medical treatment required by the injured third parties and whatever physical damages are attributable to your employee to a third party. Meanwhile, the collision insurance coverage would pay for the physical damages caused to your own vehicle.
Or, what if one of your employees is making a delivery and is hit and injured by an uninsured driver. Your Uninsured Motorist insurance coverage will pay for those damages up to the purchased limit.
For complete coverage definitions as well as any conditions, limitations or exclusions, please refer to the actual policy contract.
- Acceptable Vehicles: up to 44,000 lb GVW
- Bodily Injury Liability Limit: $1 M. Combined Single Limit
- Property Damage Liability Limit: $250,000 per accident
- Minimum Premium: $250
- Minimum deductible for Collision or Comprehensive: $500