Business auto insurance is oftentimes one of the most overlooked exposures in a business. Consequently, it has the greatest exposure to loss and is commonly one of the first coverage lines to impact an umbrella or excess policy. There is no question that business auto accidents are costly and oftentimes lead to severe injury or even death. If one of your employees is driving a company auto, or even their own personal auto in the course of business, your business can be held liable for negligent operation of a motor vehicle resulting in bodily injury or property damage. When evaluating commercial auto insurance, it is critical to look at the following major coverage areas in order to identify your exposure to loss. This includes:
- Liability coverage
- Comprehensive coverage
- Collision coverage
- Drive other car coverage (DOC)
- Medical expenses
- Uninsured motorists' coverage
- Non-owned auto coverage
- Hired auto coverage
Does Your Business Need Auto Insurance?
If you own company vehicles, lease autos for company business, drive personal vehicles during the course of business, or have any exposure to employees driving their own vehicles in the course of business, even if it is to the post office or bank, then you need commercial auto.
What does Business Auto Cover?
When an accident occurs with a vehicle used in the course of business, the business auto insurance may provide coverage for:
- Bodily injury claims
- Medical expenses
- Property damage
- Vehicle repair costs
- Legal defense costs
If you do not want to pay out of pocket for legal, medical, and repairs after an accident, be sure your business is insured with the right type of business auto policy.
Vehicles Covered by Business Auto Insurance
There are many types of autos that you can insure on a business auto policy. Following are some of the most common types:
- Private passenger autos
- Light, medium, heavy or extra heavy trucks
- Tow trucks
- Dump trucks
- Livery vehicles such as limousines or taxis
- Commercial trailers like low boy, dump or utility trailers
From single-use business vehicles to an entire auto fleet, you can protect your business from the dangers and risks of the road.
Beach & O’Neill Insurance Associates is experienced with writing business auto coverage and can help you select the right coverage for the vehicles. We have relationships with several preferred auto insurance carriers and work with many special programs for special types of auto fleets. Contact us today to see how we can help.