What Does Commercial Auto Insurance Cover?
Commercial auto insurance provides coverage for various risks that come with owning and operating commercial vehicles. Here are some of the coverages it provides:
Auto Accident Liability
Auto accident liability coverage is one of the most important components of Commercial auto insurance. It covers damages and injuries caused to another party in an accident you’re responsible for. If you or one of your employees causes an accident while driving a company vehicle, this coverage will pay for any damages or medical expenses incurred by the other party.
Medical Payments
Medical payment coverage is another important component of general liability insurance. It covers the medical expenses of you and your passengers in the event of an accident. If you or one of your employees is injured in a company vehicle, this coverage will pay for any necessary medical treatment, regardless of who was at fault for the accident.
Bodily Injury Liability Coverage
Bodily injury liability coverage covers injuries or death to a third party in an accident you caused. If you or one of your employees causes an accident while driving a company vehicle and someone is injured or killed. As a result, this coverage will pay for any damages or medical expenses incurred by the other party.
Collision Coverage
Suppose your business vehicle is involved in a collision with another vehicle or object. In that case, collision coverage provides financial protection by covering the costs of repairing or replacing your vehicle, regardless of who was at fault for the accident.
Accidents Involving Uninsured Motorists
Accidents involving uninsured motorists can be costly, but with commercial auto insurance, you can rest assured that you’re covered. This coverage pays for damages and injuries caused by an uninsured driver. If you or one of your employees is involved in an accident with an uninsured driver, this coverage will pay for any damages or medical expenses incurred.
Property Damage Liability Coverage
Property damage liability coverage covers damages to another party’s property in an accident you caused. If you or one of your employees causes an accident that results in damage to another person’s property, this coverage will pay for the cost of repairs or replacement.