Commercial auto insurance protects your company’s drivers and vehicles. Many businesses choose commercial auto insurance for the following benefits:
Collision insurance—This coverage may help pay for damage to your vehicle sustained in an accident.
Comprehensive insurance—This coverage may help pay for damage from non-accident mishaps, such as weather damage, fires, theft or vandalism.
Liability insurance—If an accident is your fault, this coverage may help pay for the damage you do to others.
Bodily injury liability coverage can pay for third-party medical bills and sometimes death benefits.
Property damage liability coverage can pay for damage to the other party’s property.
Hired/non-owned auto liability insurance—This liability coverage often extends to vehicles you use for business but aren’t owned by your company. These may include employees’ cars or vehicles that you rent or hire to use temporarily.
Medical payments—If you or a passenger suffered injuries in an accident, this coverage might help pay the medical bills. Sometimes it may cover other losses, such as lost income.
Uninsured/underinsured motorist insurance—This coverage may help cover damage caused by someone who doesn’t have appropriate liability coverage.
Additional policies and endorsements can expand your business’s commercial auto benefits. The Carlos Villalobos Insurance Agency can see if supplemental coverages such as rental car reimbursement or roadside assistance make sense to add to your business’s commercial auto insurance.