We’re the Commercial Auto Insurance specialists in Michigan
As a business owner, you may have one or more vehicles, such as delivery vehicles, taxis, limos or buses. The right Commercial Auto insurance covers you for accidents, injuries and other incidents that can put those investments at risk.
Types of vehicles Commercial Auto Insurance covers
Commercial Automobile insurance is a broad term that refers to most commercial business automobiles, including but not limited to:
- Company cars
- Cargo Vans
- Pickup trucks
Commercial Auto policies cover personal cars that are used for business, as well as SUVs, light duty trucks, buses, limousines, taxicabs, vans and other delivery vehicles used solely for business purposes.
Use of these automobiles is associated with a range of risk factors, including how you use them, how often, and how many miles they travel each year, among other factors. Insurance companies review these risk factors, when they assess the amount of coverage your business needs.
What does Commercial Auto Insurance cover?
A Commercial Auto policy is designed to protect your business from significant losses that could affect your company’s financial well-being. Commercial Auto insurance policies combine several different types of coverage – some are required and some are optional. A typical policy includes some combination of the following:
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.
Property Damage Liability: This coverage will pay the costs to repair property damage caused by you or your employee. It is a good idea to work closely with an independent agent to assess your 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.
Collision: As with your Personal Auto policy, a good Commercial Auto policy should include adequate collision coverage to pay for the damage to your vehicles in the event you or your employees cause an accident.
Comprehensive: Known also as “other than collision,” your Comprehensive coverage is an important protection for damage to your vehicle or loss due to causes other than collision. These causes can include weather, theft and vandalism.
Uninsured and Under-insured 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 your vehicle and your driver, up to the limits set on your policy.
Medical Payments: This coverage pays for medical and/or funeral expenses for you, your drivers and passengers after an accident.
Additional Optional Coverage: A wide range of additional coverage types may be available, depending on the insurance company you work with and the state your business is in. For example, you may be able to buy coverage for your employees when they drive a car or truck your company does not own.
Let’s get started together
We can help you with all your commercial auto insurance needs in Michigan! Call our office, or click over to our proposals page to submit some basic information to get the process started. You can also fill out the fields below! Either way, we’ll make the process simple.