Most business have at least one company vehicle used to transport employees, deliver goods, or carry out other important business functions.In many cases, businesses have fleets of vehicles that often are at the core of their profitability, (e.g., taxi services, delivery companies).Suracy’s commercial auto insurance solutions are designed to offer protection in the event of auto accidents or incidents.Commercial auto insurance helps shield businesses from severely detrimental accident-related claims while allowing them to meet minimum coverage requirements legally required by states.


What Does Commercial Auto Insurance Cover?

Each state sets their own minimums for coverage, so basic policies can vary from state to state. However, a claim against a company can well exceed the minimum coverage requirements, which is why most businesses opt for additional coverage. Beyond basic liability coverage, commercial auto insurance policies can be bundled with other coverage options, including:

  • Comprehensive Insurance: This type of coverage is designed to cover the cost of damage related to many non-collision risks. Non-collision risks generally include vandalism, theft, falling debris, struck animals, broken glass, and other incidents. Such risks can be costly to repair and may even result in a total loss, which is why comprehensive coverage is usually a prudent option.
  • Collision Insurance: If a company vehicle collides with another vehicle, collision insurance can cover the damage sustained by your company’s vehicle.
  • Underinsured and Uninsured Motorist (UM/UIM) Insurance: Even though a business may have commercial auto insurance, not everybody on the road does, and, if they do, they may not have enough. This is where UIM comes in handy. If a company vehicle is involved in an accident with an UM or UIM motorist, a UIM policy will help close the gaps in coverage and get insured company vehicles back on the road.
  • Medical Payments: If an employee is injured in an accident involving an insured company vehicle, medical payments coverage can help cover the cost of medical expenses.
  • Loading and Unloading: If a business uses a loading dock, then bundling loading and unloading coverage may be a smart move. This policy option covers employees if they are injured while loading and unloading goods from covered vehicles.


Why is Commercial Auto Insurance Necessary?

Many business owners assume that personal auto insurance policies can be applied to company vehicles. However, while there are similarities between commercial and personal auto insurance, it is important not to assume that one can be used for the same purpose as the other. Personal auto insurers will typically only cover vehicles if they are being used for certain purposes. If an insurer discovers that a personally insured vehicle was being used for commercial purposes, then the related claims could be denied.


How To Get Commercial Auto Insurance

Contact Suracy today to learn how commercial auto insurance can help protect business leaders, employees and company vehicles.

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