What Is Commercial Auto Insurance? Commercial auto insurance, also known as commercial vehicle insurance, covers different vehicles used to carry out work duties. It does not cover personal automobiles that are used for business purposes but are strictly limited to business-owned automobiles. Coverage depends on the specifications of your business. Your policy can include damage
Your business might have commercial auto insurance to protect your employees and company vehicles from accidents, collisions, theft, and vandalism. However, do you know your employees’ driving record and experience can impact your premium rates and reject claims in certain situations? Many companies hire employees randomly and experience personal injury lawsuits or pay higher premiums.
If your company is involved in the transportation business or uses a company or employee-owned vehicle to complete business operations, getting commercial auto insurance is important. Along with safeguarding your employees and vehicles, securing auto insurance for your business can cover you from the unexpected expenses caused by accidents. Here are some of the benefits