What is commercial car insurance?
Did you know that your personal auto insurance policy may not cover you or your employees if you use your vehicle for business operations? Commercial auto insurance is a policy that may help pay for damages sustained from a covered accident that occurs while conducting business activities. Any type of commercial use of a vehicle, from visiting work sites to delivering packages will generally require a commercial car insurance policy. Typically, this type of coverage will offer a deeper level of protection than your personal policy and include a higher liability limit.
IIA works with several insurers to offer a variety of commercial auto insurance coverages that you can customize to suit your unique business needs.
Why choose Infinity Insurance Agency for commercial auto insurance?
Obtaining commercial vehicle insurance with IIA offers numerous advantages. For over two decades, IIA has offered quality and affordable commercial auto insurance options for discerning business owners.
We do business with carriers that offer these exclusive benefits for commercial car coverage:
- Affordable price points for small to medium businesses
- Easy options to expand coverage as your business grows
- The ability to accept foreign licenses
- Policy flexibility for drivers with less-than-perfect records
- Potential discounts offered through our insurers for paying your policy in full, prior coverage, general liability, multiple insured vehicles, and prior business experience
- Multiple coverage and payment options, including recurring card payments
- Automatic coverage for eligible, newly hired employees who drive company vehicles
What Kinds of Vehicles Can be Covered by Business Car Insurance?
If you are using a car for commercial purposes to make money, it is eligible for commercial auto insurance. This includes trailers connected to your vehicles, as well as the car itself.
Types of vehicles that can be covered:
- Landscaping trucks/trailers
- Contracting trucks
- Cars used in delivery and sales
- Full-size vans
- Pick-up trucks
- Utility trailers
- Cargo vans
- Straight trucks/Flatbed trucks
- And more!
We have you covered on your commercial vehicles whether you are covering one vehicle, or a full to midsize fleet. Secure your financial freedom by protecting your business and its vehicles.
Comprehensive coverage options
Similar to your personal auto policy, you can obtain a range of commercial auto insurance coverages. Depending on where you live, you may be tasked with securing a minimum amount of general liability insurance.
Business owners can also explore other types of coverages such as:
- Collision - This type of coverage may help pay for damages sustained to your vehicle from a covered accident with another vehicle or object. This insurance will generally carry deductibles and limits.
- Comprehensive - This type of coverage can help cover damage to your vehicle that is not related to a collision. Depending on your policy, this can include instances of theft, vandalism, fire, animal accidents (i.e., hitting a deer), and natural disaster damage. Comprehensive insurance policies can also be subject to a deductible and will likely have limitations.
- Uninsured/Underinsured Motorist - This type of coverage can help cover damages if you are in a covered accident with a motorist who does not carry any or sufficient insurance.
Other additional insurance coverage can include options such as MedPay or Personal Injury Protection (PIP) which can potentially offer coverage for auto insurance medical expenses due to injuries sustained from a covered accident. PIP coverage is required in some states. These additional coverages can lessen the financial burden sustained from severe work accidents.
As an agency that works with over 20 insurers, IIA has the flexibility to work with businesses of many shapes and sizes. From carpet cleaning businesses looking for low premiums or food trucks seeking comprehensive coverage. Our commercial coverage can even be extended to cover trailers, depending on the specific unit and occupation of the insured. Our fully bilingual-Spanish agents can help you determine what type of coverage you require and can match you with a policy and premium that works for your budget.
Business owners looking to foster growth and maintain stability may also be interested in exploring commercial general liability insurance. This type of business insurance may help shield businesses from financial losses related to third-party claims of bodily injury, property damage, and personal or advertising injury.
Why commercial auto insurance is crucial for your business
Running a business requires resources, and you may be wondering whether you need to purchase commercial auto insurance. In many states commercial auto insurance is a legal requirement for businesses that use vehicles in their daily operations. Even in areas where it’s not mandated, having commercial auto insurance can help mitigate the financial risks associated with covered accidents, damage, and liability. No one wishes for an accident, but businesses that regularly use vehicles to visit job sites, clients and vendors should evaluate their tolerance for risk and the possible financial fallout of an accident or unforeseen event. Without proper coverage, your business could be held liable.
FAQs
What is the risk if I don’t have commercial auto insurance?
Not having commercial auto insurance when your vehicle is used for business purposes may expose you to significant financial risks and potential legal issues. In the absence of proper coverage, you may be personally liable for damages resulting from accidents or incidents involving your business vehicle.
How can I adjust my policy as my business grows?
As your business grows and your coverage needs shift, you can always adjust your coverage by reaching out to an IIA agent.
Are there payment plan options available?
Yes, we can offer a variety of payment plan options, such as recurring card payments through the insurers we work with.
How does commercial auto insurance help my employees?
Commercial auto insurance policies can include multiple drivers, this allows you to provide coverage for employees in case you are not the only one driving a company vehicle. In the instance of a covered accident involving your employee, commercial insurance may help cover the damages and lessen the blow of financial losses sustained.
How much does commercial auto insurance cost?
The cost of commercial auto insurance varies widely and depends on several factors. These factors may include the type of business, the size and weight of the vehicles, the number of vehicles in the fleet, the driving history of the drivers, and the coverage limits selected.
Do I need commercial auto insurance if I already have a personal policy?
It depends on how you use your vehicle! If you intend to use your vehicle for work activities such as delivering goods, visiting work sites, or providing services, it is possible your personal auto policy will not be sufficient. Also, depending on your vehicle type, you may be required to obtain commercial car insurance.
Additional Resources:
- How to File a Commercial Auto Insurance Claim
- Small Business Support and Resources
- How to Start a Side Hustle and Turn it Into a Business
Interested in exploring commercial car insurance with Infinity Insurance Agency, Inc.? Give us a call at 1-855-478-3705 to receive a free auto estimate today!
Terms and Conditions
This material is for general informational purposes only. Products, services, and discounts referenced herein are not available in all states or in all underwriting companies. All statements are subject to the terms, exclusions and conditions of the applicable policy. In all instances, current policy contract language prevails. Coverage is subject to individual policyholders meeting our underwriting qualifications and state availability. Other terms, conditions and exclusions may apply.