Understand What Is Covered Under Commercial Auto Insurance Before Applying for One

Commercial auto insurance covers vehicles that are used to conduct your business. Large companies and small ones no matter how many or how few commercial vehicles they possess, benefits from commercial auto insurance. Those who use their personal car for work are also required to apply for commercial auto insurance since their personal insurance policy doesn’t cover your vehicle.

How different is commercial auto insurance from personal auto insurance?

  • Commercial auto insurance has higher liability limits
  • Is tax-deductible
  • Covers named employees or provide blanket coverage for all employees
  • Extra coverage for equipments like forklifts or trailers

Do I need commercial auto insurance?

All commercial vehicles owned by a company require commercial auto insurance. In situations when a vehicle owned by an individual which has personal auto insurance coverage, is used for business purposes like transporting equipment or goods for work, a commercial auto insurance is necessary. Vehicles that have a gross weight of 10000 pounds or more or load capacity of 20000 pounds require commercial auto insurance regardless of who owns it.

American Insurance Brokers Inc helps in securing commercial auto insurance in Alabama. The agency has a number of options to choose from. You can discuss your requirements with them and they will help you choose the ideal policy.

What does the policy cover?

  • Bodily injury liability coverage: Pays for injuries sustained in an accident or death when you are at fault and provides legal defence in most cases.
  • Property damage liability coverage: Protects coverage when your vehicle accidentally causes damage to another person’s property and provides legal defence in most cases.
  • Combined single limit (CSL): It means there is a single value limit that applies to any combination of property damage liability and bodily injury claims as opposed to different limits for each claim.
  • Uninsured motorist coverage: Covers your injuries and in some cases pays for property damage incurred by an uninsured driver. It also applies when the driver at fault doesn’t have sufficient insurance.

  • Medical payments: Regardless of who is at fault for the accident, the policy covers medical expenses of the vehicle driver and passengers.
  • Physical damage coverage: Pays when your vehicle is subject to theft, vandalism, fire, flood and other covered perils.
  • Worker’s compensation: Covers your employees involved in an accident.
  • Collision coverage: Covers if your commercial vehicle is damaged when it runs into or hit by another object.

Protect yourself, your employees and your business by applying for a commercial auto insurance policy. Get yourself protected at the earliest.

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