Commercial Auto Insurance
Commercial Auto Insurance Information
If your business leases, rents or owns vehicles used to transport materials, haul goods, make deliveries, meet clients or handle other business operations, you likely need to purchase a commercial auto insurance policy. Or, if you or your employees use a personal vehicle for work-related errands or tasks, you should also invest in a commercial auto policy.
Personal auto policies generally exclude coverage for business use, which means that if you get into an accident while driving for work-related purposes (not including commute), you may not be covered.
Making sense of when a personal or commercial auto insurance policy may be the right choice can be confusing and time-consuming, but that’s why we’re here to help. Give the agents at Demuth Agency, Inc. a call today for assistance in choosing the right commercial auto policy for your business.
What Does Commercial Auto Insurance Cover?
You must protect your company drivers and vehicles with the proper amount of insurance. These five items are helpful to keep in mind when making your coverage decisions:
Comprehensive coverage—Commercial auto insurance can give you complete protection for damages unrelated to an accident (e.g., losses related to theft, floods, vandalism and fires).
Liability coverage—Commercial auto insurance can offer a range of protection if you damage another person’s vehicle or property in an accident.
Medical payment and lawsuit coverage—Commercial auto insurance may offer protection for accident-related expenses and may cover medical costs, lost wages and even legal fees if a lawsuit is filed against you.
Physical damage and collision protection—Commercial auto insurance may reimburse you for the costs of vehicle repairs you may need following a crash, regardless of who is at fault. Many policies may even cover uninsured and underinsured motorists, providing an extra layer of protection.
Optional add-ons for more protection—Commercial auto insurance policies may be tailored to include policy endorsements such as roadside assistance coverage, new vehicle replacement cost coverage, towing reimbursement, rental reimbursement, and gap coverage for auto loans or leases.
How Much Does Commercial Auto Insurance Cost?
When you purchase auto coverage for your business, you can generally choose the type of coverage, deductible and limits you want for your company’s drivers. By having the appropriate coverage, you can have peace of mind knowing your drivers are protected if they have an accident or damage unrelated to a collision.
The cost of your business’s commercial auto insurance depends on several factors, including:
Vehicle type and value
Level of risk involved
Employee driving records
Get Covered Today
Whether your business owns one vehicle or a fleet, we can help you make the right choice for your commercial auto insurance. Call 507-372-2105 today to speak with one of our experienced Demuth Agency, Inc. agents and find out more about what commercial auto policies may be available to you.