Commercial Auto Insurance
Orlando | Sarasota | West Palm Beach
If you are a business owner and use a vehicle as a part of your business function, then you are required by law to have commercial auto insurance. You need this type of insurance whether you drive a company vehicle or your personal car for business. Your personal auto insurance will not cover you if you get into an accident while using your personal vehicle for your business. Some commercial vehicle functions include:
- Transporting equipment and work-related materials
- Delivering wholesale or retail products
- Providing taxi or chauffeur services
- Trucking and freight services
While personal auto insurance won’t cover you during business activities, commercial auto insurance will cover you in the event of an accident while conducting personal business.
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What does commercial auto insurance cover?
There are many factors that can determine the type of coverage you will receive. Coverage will differ from company to company, depending on whether you’re using your personal car for business or if you have a fleet of business cars for your company. The type of auto insurance also matters, as commercial truck insurance will provide different coverage amounts than commercial car insurance. Some of the areas this type of policy will cover include:
- Personal injury
- Bodily injury to others
- Property damage
- Collision coverage
- Comprehensive coverage for damage that did not result from a collision
Will commercial auto insurance cover theft or natural disasters?
It’s important to go over all of your coverage options for events like these. Most policies will not cover items within the car, but will cover items that are permanently attached to the car itself.
Natural disaster coverage can vary per carrier and per the specific policy. Most comprehensive commercial auto insurance will cover natural disasters like floods or hurricanes. It’s always recommended to get advice from an experienced insurance agent, so you can know exactly how and when your business’ vehicles are covered.
What options do I have for commercial vehicle insurance?
You will have plenty of coverage options to choose from based on how you use a vehicle for your business. We’ll always recommend the right level for protection, and consider every aspect of your business while we advise you.
A commercial umbrella policy is a popular option for business owners. This type of policy covers the cost of liability claims and lawsuits up to $1 million or more if necessary. Commercial umbrella policies exceed the limits of commercial auto insurance policies.
What about auto insurance for ridesharing?
If you are a driver for a ridesharing service like Uber or Lyft, you are not considered to be a traditional taxi service, but you may still need commercial vehicle insurance depending on your circumstances. Most personal car insurance policies do not cover personal vehicles while they are being used for a rideshare service. Be sure to talk to your insurance agent to see what is best for your situation.
SIG Insurance can help you find the right commercial auto insurance.
Contact us today, and talk to an experienced insurance agent to see what type of insurance coverage is best for you. We will fully explain your options and provide you with a few commercial auto insurance quotes to fit your budget.
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