Business Insurance

Protecting Your Business Vehicles

Employee in company vehicle

Do you have vehicles that are owned by your business or used for business purposes?

Commercial auto insurance provides coverage for vehicles owned by or used in your business. This insurance protects your business against liability for damages caused by accidents involving your business vehicles. A commercial auto insurance policy can provide valuable financial protection to you and your employees when driving company-owned vehicles or a hired or personally-owned auto in your business operations.

Commercial auto insurance offers a variety of protection options that are designed to fit the unique needs of your business. The following is an outline of some of these options:

Any Auto Liability

Any auto extends liability coverage to any vehicle, owned or non-owned, while in use by your business for business purposes. This may include leased, rented, borrowed, or hired. It also covers use of personal vehicles of owners or employee vehicles used for business related purposes. The coverage usually extends to any new vehicle purchased for up to 30 to 60 days.

Trailer Interchange Insurance

Trailer interchange insurance is an endorsement that can be added to a truckers policy. This endorsement provides coverage for damage done to a trailer belonging to someone else while being pulled by an insured truck (tractor).

Rental Reimbursement with Downtime

If your vehicle is inoperable due to an accident or other covered loss, this coverage is designed to get you back on the road and back to work as quickly as possible. Options include simply covering the cost of an appropriate rental vehicle to reimbursing lost income due to vehicle downtime.

Single-Deductible Options

If an accident or other loss occurs that involves multiple vehicles covered by your commercial auto policy, you would only have to pay one deductible with this option.

Individual Named Insured Coverage

Protects individuals who have company-owned vehicles they use for personal or non-business purposes.

Non-Owned Vehicle Coverage

Extends protection to a personally-owned vehicle if an accident occurs when the driver is in transit for business purposes (not including commuting to and from work).

Learn more about non-owned vehicle coverage in our article “What is Hired and Non-Owned Auto and Why it Matters to Your Business

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