Who Needs Commercial Auto Insurance?
Wondering if you need commercial auto insurance? In general, if a vehicle is used in tasks related to the operator's occupation, profession, or business (other than commuting), a commercial policy is necessary.
You May Need a Commercial Auto Insurance Policy If You:
Transport goods or people for a fee in your vehicle
Conduct a service with your vehicle
Need higher limits of liability because of the nature of your work
Haul a considerable weight in tools or equipment or towing a trailer used to conduct your business in your vehicle
Employees operate the vehicle or if ownership is in the name of a corporation or partnership
What does commercial vehicle insurance cover?
Commercial vehicle insurance, like your personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments (or personal injury protection) and uninsured motorist coverage.
However, there are also differences between a commercial auto insurance policy and your personal auto policy that may include eligibility, definitions, coverages, exclusions, and limits.
What are the coverages in a commercial vehicle policy?
Bodily injury liability coverage – pays for bodily injury or death resulting from an accident for which you are at fault and in most cases provides you with a legal defense.
Property damage liability coverage – provides you with protection if your vehicle accidently damages another person's property and in most cases provides you with a legal defense.
Combined single limit (CSL) – Liability policies typically offer separate limits that apply to bodily injury claims for property damage. A combined single limits policy has the same dollar amount of coverage per covered occurrence whether bodily injury or property damage, one person or several.
Medical payments, no-fault or personal injury coverage – usually pays for the medical expenses of the driver and passengers in your vehicle incurred as a result of a covered accident regardless of fault.
Uninsured motorist coverage – pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
Comprehensive physical damage coverage – pays for damage to your vehicle from theft, vandalism, flood, fire, and other covered perils.
Collision coverage – pays for damage to your vehicle when it hits or is hit by another object.
Why Choose Us To Handle Your Commercial Auto Insurance?
Getting coverage tailored to your business is GREAT, but getting commercial auto insurance discounts is even BETTER!
Your business may qualify for discounts that can make your California commercial auto insurance policy more affordable. Some insurance companies may also offer you a discount if you purchase your commercial auto insurance along with a business owners policy.
Our insurance carriers also offer you 24/7/365 claims assistance in the event of a loss.
Contact an Old Oak Insurance Broker to get more details and full protection for your California commercial auto insurance needs today.
Request a Quote
Let us help you determine the coverage you need based on how your vehicles are used in conducting your business and who will be driving your vehicles.