What does commercial auto insurance cover

Get a Policy in Under 10 Minutes. Lucy Lazarony is a personal finance writer and journalist. Prior to freelance writing, she worked as a staff writer for Bankrate for seven years. She earned a bachelor's degree in journalism from the University of Florida and spent a summer as an international intern at Richmond, The American University in London.

She lives in South Florida. Select Region. United States. United Kingdom. Lucy Lazarony. Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. What is Commercial Auto Insurance? Here are scenarios where you need a business auto insurance policy: The car is solely used for work and is a company car You transport goods or people in your car, van or truck for work You conduct a business service with your vehicle You haul tools or equipment in a business vehicle Your employees drive a business vehicle The truck or van is owned by the company You need high liability insurance limits Related: Largest commercial auto insurance companies What Does Commercial Auto Insurance Cover?

Combined single limit CSL liability insurance provides one overall limit for bodily injury and property damage claims against you rather than two separate limits. Medical payments and personal injury protection PIP pay for medical expenses for you and the passengers in your car as a result of an accident covered by the policy. PIP is required in no-fault insurance states.

Collision insurance pays for damage to your own vehicle when it hits or gets hit by another car or object. Comprehensive insurance will pay for damage to your vehicle from fire, flood, theft, vandalism and other specific problems. In some states you can also buy UM coverage that pays for damage to your vehicle from an uninsured driver.

These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance.

We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages. Coverage is underwritten by Government Employees Insurance Company. Some discounts, coverages, payment plans and features are not available in all states. Government Employees Insurance Co. We're here for you 24 hours a day, 7 days a week. The quickest way to contact us is through our app or online.

You can also ring us by phone. Any information that you directly provide is subject to the privacy posted on their website. Call or log in to your current Homeowners , Renters , or Condo policy to review your policy and contact a customer service agent to discuss your jewelry insurance options.

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Remember me i Log In. Assurant Call Read more. Need to update your policy or add a new pet? Purchased Mexico auto insurance before? Location Change Location. Sorry, we couldn't find that ZIP code. Retail Wholesale Photography Professional offices Consulting. Larger business types. Commercial agribusiness Construction Breweries Senior living Specialty care.

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Tax benefits - Commercial auto insurance is a tax-deductible business expense. Named insured - A commercial auto insurance policy can cover specific employees or provide blanket coverage for every employee. Extra coverage - Many commercial auto insurance policies cover equipment, such as trailers and forklifts. If you're trying to decide if you need a commercial auto insurance policy, Investopedia suggests that you consider the following factors: Ownership - Every vehicle owned by a company requires commercial auto insurance coverage.

If an employee owns a vehicle that they also use for work, it's a good idea for the company to include that vehicle in the commercial policy. Self-employed drivers should consider purchasing a commercial auto insurance policy on top of their personal policy if they use their personal vehicle to do their job.

Use of vehicle - Insurance companies classify commuting to work as personal use, so if you're in an accident while commuting, you'll be covered by your personal policy. However, if you use your personal vehicle to transport people or equipment for commercial purposes, you should have a commercial auto insurance policy.

Vehicle make and model - If your personal vehicle's gross weight is more than 10, pounds, you're required to get commercial auto insurance coverage regardless of how you intend to use it.

Personal policies also don't cover vehicles with a load capacity of more than 2, pounds. Your insurance company may also require you to get a commercial policy if you've made any modifications to your vehicle, such as adding a ladder rack.

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