Commercial Auto Insurance: Everything You Should Know
Business insurance can seem complex, but it’s vital for protecting your company. At Insurance Company Bexley Ohio, we frequently get questions about vehicle coverage. If you use any vehicle for work, your personal auto policy probably won’t cover accidents. That’s where Commercial auto insurance comes in. This policy covers business vehicles, from cars to trucks, protecting your operations on the road.
Personal vs. Commercial: The Key Difference
Many business owners mistakenly think their personal car insurance covers work-related driving. This is a common and expensive error. Insurers clearly separate personal and business use. A personal policy covers commuting and errands, not transporting goods, equipment, or people for profit.
Do You Need a Commercial Policy?
You likely need commercial auto insurance if your vehicle is used for:
Transporting goods or equipment
Delivering products
Traveling between job sites
If employees drive a company-owned vehicle
If you need higher liability limits than a personal policy offers
For instance, a catering company delivering food or a construction firm hauling tools both require this specific insurance.
What Commercial Coverage Offers
Your vehicles are vital to your operations. Protecting them is a priority. Commercial auto insurance covers repairs after an accident. This includes collision coverage, regardless of fault. Comprehensive coverage handles non-collision events. These include theft, vandalism, or weather damage. This ensures quick repairs or replacements. It minimizes downtime and keeps your business running smoothly.
Beyond physical damage, commercial auto insurance offers liability protection. This is vital if your business vehicles cause injury or property damage. Medical bills, legal fees, and property damage costs can be substantial. Liability coverage shields your business from these expenses. Without adequate coverage, a single serious accident could jeopardize your financial stability. It’s a fundamental safeguard for any vehicle-reliant business.
Many commercial auto policies offer customizable coverages. Uninsured/underinsured motorist coverage protects you from underinsured at-fault drivers. Rental reimbursement coverage helps you get a replacement vehicle during repairs. This further reduces disruptions. Options include roadside assistance, cargo protection, and specialized equipment coverage. Tailoring your policy ensures comprehensive protection for your vehicle-dependent business.
Commercial auto insurance is crucial for risk management. It protects your business, employees, and assets on the road. Contact Insurance Company Bexley Ohio today. They can help you find tailored coverage. They navigate complex commercial auto policies. This ensures the right level of protection for your fleet and livelihood. Don’t leave your business vulnerable. Secure the comprehensive coverage you need for peace of mind.