Commercial Auto Insurance
Commercial auto insurance covers a variety of vehicles, trucks, cars, and drivers, as well as many types of motorized equipment. Vehicles are often serving the dual purpose of personal and business related activities, an issue solved through the purchase of commercial auto insurance. Many businesses have employees that use their own cars for company related work. Conversely, businesses often own vehicles that are also used for the personal needs of the employee. As the business owner, it is necessary to make sure both your business and employees are correctly insured with a commercial auto policy.
Hired/Non-owned Auto Liability Coverage provides business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired), or a non-owned vehicle such as one owned by an employee in use on company business. For example, if an employee drives his or her own car to make a bank deposit for the business and is in an accident with another driver, his or her insurance company will pay the claim up to her policy limit. But if the other driver sues your company for additional damages, a basic business owner’s policy won’t suffice. Commercial vehicle insurance with an added “non-owned auto liability” endorsement could help protect your company’s assets from an expensive lawsuit. Oftentimes this coverage can be added inexpensively to a business auto policy, or in some cases, a general liability policy. A business that owns and has vehicles titled in the company name will need a commercial auto insurance policy.
There are times when the business owner’s only vehicle serves double-duty for both company and personal use. In these cases, company car driver insurance is necessary. For added protection when it’s not used for business, an important endorsement called “drive other car” covers the owner and any family members who might drive the car.
If you’re considering auto coverage for your business, it’s important to understand the basic elements of a business auto policy. Every business is unique – talk to Protected World Insurance today to find out how to get the best commercial auto insurance, service, price and value.
Central Ohio's full service exclusive auto insurance agency's telephone number is +1(614)488-2700.
You may also reach insurance agent Spencer Hawkins, CFP® by email here:
We write car insurance in Ohio, Michigan, and Maryland and would be honored to help you secure the correct policy coverage.