What Is Commercial Auto Insurance?

Commercial auto insurance protects you and the vehicles used for your business if they are involved in an accident. They provide protections to all vehicles including trucks or vans that are used for business. Commercial vehicles need a specific type of insurance because they are put at more risk, than say a car used for day to day use.

If your employees use a vehicle to commute or transfer products, you need commercial auto insurance. It can protect you, your employees, and your business in the case they are involved in an accident while using a vehicle while at work. One of the great things about commercial insurance is that it also covers the driver when the vehicle is being used for personal use as well.

No matter how big or small your business, if your employees use them for any purpose, we can tailor a plan that protects you and takes the stress way from any potential damage that could be caused in a car accident while a vehicle is used on the job. Recently, ridesharing and deliveries have become a popular way for people to make extra money, but it’s important to know that even though this can be a part time job, your personal insurance will not cover you in the case of an accident if you were using your car for these purposes. Some companies have specific policies for ridesharing but if they don’t you will want to discuss your options for commercial insurance if you plan on using your car for those purposes regularly.

Not only does commercial auto insurance protect your employee and your business, it covers damages that are caused to other people or property. It can cover medical bills if a bystander is involved but can also cover cost from vehicles that you rent or borrow for business purposes.

Types of Commercial Insurance

The most common types of commercial auto insurance are:

-Property damage: This type of insurance covers damages to property that is involved in an accident.

-Comprehensive: This type of insurance covers damages that can be caused by other factors like a natural disaster or theft.

-Collision: If your employee collides with a vehicle or other object, this allows those damages to be covered.

-Medical payments: This allows employees to receive treatment from any injuries sustained while driving a vehicle for commercial purposes

-Uninsured/underinsured motorist: This type of insurance protects your business in the case they are in an accident with a motorist who does not have insurance to cover the damages sustained in an accident.

Consider The Costs

The cost of auto insurance can be cause for concern for some businesses but it can be way more costly if your employee is caught without it and ends up in an unlikely accident while on the job. Although accidents may not increase the cost of your insurance, it can affect the policy when it expires.

The cost of auto insurance is determined by a few things and we can help you determine the right plan for you specific type of business. It is important to consider how often your employees will use your vehicles and the type of vehicles they will be using. The driving record is also important when it comes to determining your policy, which it is in all cases of auto insurance.

Reach Out Today!

Commercial auto insurance is something any business owner should consider if their employees will be using vehicles to deliver things as small as pizza or as large as a tractor. Willoughby Insurance based out of Buffalo, NY is here to keep your business growing and moving forward, please contact us today to find out what we can do for you.