In addition to an abundance of theme parks and tourists, Florida is home to over three million small businesses. According to the U.S. Small Business Administration (SBA), small businesses account for 99.8% of all Florida businesses. Construction, real estate, and transportation are just a few of the top industries for small business employment in the Sunshine State. From landscaping to food trucks, many of these companies use vehicles to conduct daily business operations. Keep in mind, if you are utilizing your personal vehicle for business purposes you may require a commercial auto policy.
Commercial auto insurance can be an important step in obtaining coverage for your small business. This type of policy is designed to offer a wider umbrella of coverage and generally includes a higher liability limit. Commercial use of your vehicle can encompass activities such as delivering packages, hauling equipment, or traveling between job sites. If you are interested in exploring options for commercial auto insurance in Florida, the dedicated team at Infinity Insurance Agency, Inc. (IIA) can help!
Who needs commercial auto insurance in Florida?
Wondering who needs commercial car insurance in Florida? Florida law requires that all autos carry insurance. Personal auto policies typically do not cover vehicles if they are used to carry out work activities. Plus, some larger vehicles/trucks may specifically require commercial insurance which typically provides higher coverage limits. To help ensure you have proper coverage for your work vehicles, or personal vehicle when carrying out work activities, you should talk to an agent about commercial auto insurance.
Common Florida businesses that may require commercial auto insurance include but are not limited to:
- Construction
- Contractors/building development
- Home improvement services
- HVAC repair services
- Lawncare services
- Couriers / wholesale delivery services
- Cleaning services
- Carpenter services
- Food trucks
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Commercial auto insurance requirements in Florida
The Florida commercial auto insurance requirements are the same for all four-wheeled vehicles registered in the state. Just as with your personal policy (like to PPA FL page), you must be insured with both Personal Injury Protection (PIP) and Property Damage Liability (PDL) automobile insurance in the following amounts:
- A minimum of $10,000 in PIP
- A minimum of $10,000 in PDL
Please note that both PIP and PDL coverage must be issued by an insurance company licensed in Florida to sell policies or by qualifying for a self-insurance certificate issued by the Florida Department of Highway Safety and Motor Vehicles (FLHSMV). PIP coverage is designed to cover all reasonable and necessary medical expenses while PDL can cover the expenses incurred to another person’s property caused by you or someone else because of an auto accident.
It is important to remember that these numbers only represent the minimum state requirements. Depending on the nature of your business and the vehicles you own, you may want to consider a policy which provides additional coverage and/or higher limits.
How much does commercial auto insurance cost in Florida?
Curious about how much commercial auto insurance will cost in Florida? Several factors go into determining your commercial auto insurance rates in the Sunshine State. For example, a small flower delivery business in Clearwater will probably have a different coverage rate than a multi-vehicle landscaping outfit running out of Orlando.
Insurance companies may consider:
- The type of business you have/your industry
- The make and model of vehicles being operated
- The driving history of your employees
- Your employee's typical travel radius/mileage
- Type of cargo (if any) being carried
- The location of your business
- Your policy deductible and limits
- Your business’s claims history
IIA coverage options for businesses in Florida
Running a small business requires resilience, resources, and proper insurance. In addition to commercial car insurance, your company should weigh the benefits of obtaining commercial general liability insurance. This type of coverage can help mitigate risks and liabilities associated with running a small business. General liability insurance was designed to soften the financial blow of losses incurred from third-party claims of bodily injury, property damage, and personal injury. For instance, commercial general liability can potentially cover the medical costs if a customer slips and is injured on your business premises.
Commercial general liability insurance typically includes:
- Bodily injury and property damage
- Personal and advertising injury
- Medical payments
IIA can offer commercial general liability as well as commercial auto insurance with additional coverage options such as collision, comprehensive, damage, and uninsured/underinsured motorist coverage to businesses throughout Florida.
Why Choose Infinity Insurance Agency?
So, why choose IIA? At Infinity Insurance Agency, Inc. vehicle coverage is our top priority. We aim to bring you competitive rates without sacrificing quality coverage. Our Spanish bilingual agents are licensed, trained and strive to provide unparalleled customer support.
Discounts available: IIA is pleased to offer affordable policies with many potential discounts that can potentially reduce your business's coverage expenses. Reach out to one of our licensed providers to discuss commercial auto discounts such as:
- Paid in full discount - earn savings by paying your full premium upfront
- Multi-vehicle discount - earn a discount by insuring multiple vehicles under one policy
- Good driver discounts - score savings by maintaining a clean driving record
- Business experience discounts - if your business has a great track record you could qualify for this discount
- Multi-policy discounts - bundling multiple policies could help you save and simplify your insurance needs
- Proof of prior insurance discounts - showing that you’ve had insurance coverage in the past may allow you savings on your coverage.
Highly Trained Agents: Experienced staff who are familiar with Florida requirements.
Areas we Serve in Florida: Ready for some good news? You don’t need to search for ‘commercial auto insurance quotes in Florida’ on your own! Whether you reside in Tampa Bay or Winter Park, FL you can complete your IIA auto estimate in seconds with our calculator.
- Miami
- Jacksonville
- Hialeah
- Tampa
- Orlando
- Fort Lauderdale
- Clearwater
IIA in the Community: IIA is proud to not only serve Florida drivers but to support their community. We are loyal members of the Hispanic Chamber of Metro Orlando and continuously invest in local outreach and empowerment programs.