Car accidents always come unexpected, even if you’re a careful driver. That’s why every business that uses cars, trucks, or other vehicles for commercial purposes should have commercial auto insurance. In this blog post, we explain what commercial auto insurance is, how it works, and what it covers. Keep reading to learn more!
Commercial Auto Insurance vs Personal Auto Insurance: What Is the Difference?
Although both commercial auto insurance and personal auto insurance cover vehicles, there are some important differences between them.
While personal auto insurance protects the vehicles owned and used by individuals, commercial auto insurance is coverage designed to protect businesses whose employees use vehicles for business purposes.
Another key difference is that commercial auto coverage is different from personal car insurance because it covers more risks and liabilities that come with commercial use. This is important because in an increasingly litigious society, a car accident can result in significant costs for your business.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance coverage can vary from one policy to another, but it generally includes the following:
- Collision and Comprehensive Coverage. This type of coverage covers damage to your vehicle caused by an accident, theft, vandalism, or other non-collision incidents like floods, hailstorms, or fallen objects.
- Liability Coverage. This coverage pays for third-party injuries and property damage that occur during an accident that you or your employees caused while using a company vehicle.
- Medical Payments Coverage. This type of coverage pays for medical expenses for the driver and passengers if they are injured in a covered car accident.
Commercial Auto Insurance Rates
Commercial auto insurance rates vary depending on different factors like the type of business, the number of vehicles, and the coverage required.
The premiums are generally higher than personal car insurance but offer more comprehensive coverage. Most insurance providers offer discounts for businesses that bundle policies or have drivers with a Commercial Driver’s License (CDL).
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Wrapping It Up
Simply put, commercial auto insurance is essential for any business that uses vehicles for commercial purposes. It can provide protection not only for the vehicles but also for the drivers and passengers in case of accidents, third-party injuries, and property damage.
Before purchasing a commercial auto insurance policy, consider your business’s specific needs and review different options and rates.
At Carter Bradley Insurance Solutions, our team is always glad to answer your insurance questions. Get in touch today to build a commercial auto insurance policy that makes sense for your business.
Carter Bradley Insurance Solutions: High-Quality Commercial Auto Insurance
At Carter Bradley, our team is solely focused on your unique needs to find the best prices and coverage you require for your business, home, auto and life insurance.
We are located in Corona, California. Contact us today by email at info@carterbradleyinsurance.com, by phone at (951) 547-4240, or through our social media accounts on Facebook, Twitter, and LinkedIn.
