We’re the Commercial Auto Insurance Specialists in Michigan
Commercial auto insurance helps cover vehicles used for business purposes such as cars, trucks, and vans. The right Commercial auto insurance will cover vehicle damage and driver injuries that may put your investments at risk.
Types of Vehicles Commercial Auto Insurance Covers
Commercial Automobile insurance is a broad term that refers to most commercial business automobiles.
Commercial Auto policies cover personal cars used for business and SUVs, light-duty trucks, buses, limousines, taxicabs, vans, and other delivery vehicles used solely for business purposes.
Using these automobiles is associated with a range of risk factors, including how they are used, how often they are used, and how many miles they travel annually. Companies review these factors when determining the amount of coverage your business needs.
What does Commercial Auto Insurance Cover?
Commercial Auto insurance is designed to protect your business from losses that could significantly impact your financial position. 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 if you or your employees cause an accident.
Comprehensive: Known also as “other than collision,” your comprehensive coverage is essential protection for damage to your vehicle 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 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 funeral expenses for you, your drivers, and passengers after an accident.
Additional Optional Coverage: A wide range of different 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
Whether you need Michigan commercial auto insurance or a combination of coverage, our team of specialists can provide a comparison and get you the protection you need.