Michigan’s Commercial Auto Insurance Specialists
Commercial auto insurance in Michigan 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.
Business auto policies cover personal cars used for business and SUVs, light-duty trucks, buses, vans, and other vehicles used solely for business purposes.
Using these automobiles is associated with various 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.
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
What Does Commercial Auto Insurance Cover?
It is important to consider the variety of coverage available when purchasing commercial auto insurance.
A well-structured commercial auto policy will protect you against financial losses. Commercial auto insurance policies combine several types of coverage – some of which are mandatory and some of which 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. Working closely with an independent agent to assess your risks and the potential costs of injury, property damage, and legal fees is a good idea. 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 driver within 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 coverage types may be available, depending on the insurance company you work with and your business’s state. For example, you may be able to buy coverage for your employees when they drive a car or truck your company does not own.
How Much Does Commercial Auto Insurance Cost in Michigan?
Many factors play a role in calculating your business insurance cost. The most influential usually are your profession, number of employees, and coverage needs.
Factors that affect your business insurance costs:
- Number of vehicles
- Type and value of the vehicle
- Risk level involved
- Claims history
- Driving records of employees
Quality Insurance for all Michigan Cities
Not all companies are the same. When choosing one, it’s important to work with one you trust and can rely on. We have over 100 years of experience helping Michigan small business owners protect their companies.
Our business insurance policies can be customized for any Michigan city.
Why Choose Mason-McBride?
As a locally owned Michigan business, our clients are at the core of everything we do. We are committed to providing superior customer service and personalized advice and counsel.
Mason-McBride has partnered with a select group of reputable insurance companies to offer premier business insurance coverage at a price your company can afford. Our commitment is to work with you as a long-term partner and provide the expert counsel you need to make an informed decision based on your overall business strategy.