COMMERCIAL AUTO INSURANCE
COMMERCIAL AUTO INSURANCE WILL KEEP YOUR CLIENTS FROM STALLING...
WHAT DOES COMMERCIAL AUTO INSURANCE COVER?
BODILY INJURY LIABILITY
This portion of the commercial auto policy covers harm to others in an accident caused by you or your employee. Bodily injury coverage will provide compensation for medical costs, funeral costs if necessary, and the costs associated with a lawsuit. The amount of compensation your company receives depends upon the limit set on your bodily injury liability coverage, as well as your deductible.
PROPERTY DAMAGE LIABILITY
This coverage will pay the costs to repair property damage caused by your client or their employee. The amount of coverage they should receive is based on the limits you help them set and their deductibles. It is a good idea to work closely with your clients to assess their risks as well as the potential costs of injury, property damage and legal fees. For the best protection, consider buying a commercial umbrella liability policy.
A good commercial auto policy should include adequate collision coverage to pay for the damage to your clients vehicles in the event one of their employees or them cause an accident.
Known also as “other than collision,” comprehensive coverage is an important protection for damage to your clients vehicles or loss due to causes other than collision. These causes can include weather, theft and vandalism.
UNINSURED AND UNDERINSURED MOTORISTS
If one of your drivers is in an accident caused by another motorist who does not have adequate insurance, this coverage will help to pay for damages and injuries to their vehicle and their driver, up to the limits set on your policy.
This coverage pays for medical and/or funeral expenses for your client, their drivers and any passengers after an accident.
TRUCK CARGO COVERAGE
This insurance covers the cargo your clients are hauling if it is lost or damaged while they are transporting it. The federal government requires you to have a minimum of $5,000 in coverage, but your client will likely be required by their shipper to carry more insurance.
This insurance provides coverage for your clients commercial tractor when there is no trailer in tow. This coverage is effective whether the vehicle is being driven for commercial or personal use. Though similar, bobtail insurance is different from non-trucking liability insurance.