Commercial auto insurance is a type of insurance coverage designed specifically for vehicles used for business purposes. It provides protection for businesses and their employees in the event of accidents, property damage, or liability claims arising from the use of these vehicles.
It’s important for businesses that use vehicles for commercial purposes to have appropriate commercial auto insurance coverage. This insurance helps protect the business from financial losses, legal liabilities, and potential lawsuits arising from accidents or damage caused by the insured vehicles. Working with McDowell Insurance can help you and your business assess your coverage needs and find the most suitable policy.
Commercial auto insurance can cover a wide range of vehicles, including cars, trucks, vans, delivery vehicles, taxis, buses, trailers, and more. The vehicles must be primarily used for business purposes and may include both owned and leased vehicles
Depending on the jurisdiction and the type of business, there may be specific legal requirements for commercial auto insurance. It’s important to understand and comply with the applicable insurance regulations and minimum coverage requirements.
Commercial auto insurance policies can be customized based on the specific needs of a business. Additional coverage options, such as hired and non-owned auto liability coverage or coverage for specialized equipment, may be available to suit the unique requirements of the business.