subject: A Dozen Types of Commercial Auto Insurance And Commercial Truck Insurance Coverage Applicable To Most Businesses [print this page] A Dozen Types of Commercial Auto Insurance And Commercial Truck Insurance Coverage Applicable To Most Businesses
Commercial auto liability coverage provides protection for any business-owned or leased commercial vehicle. Though we tend to look at this from our Sourthern California base of operations, this type of coverage is generally applicable to all states. Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. These policies often pertain to both small and large trucking fleetsand other business operated vehicles, some of which are currently concerned with the new CSA regulations. Just like an individual might need auto insurance for their car, commercial operations need business auto insurance or truck insurance to cover business-owned or lease operated vehicles. As a business owner, if you or any of your employees have an accident in your business's car, you may be liable for bodily injuries, lost wages or any damage caused.
Types of commercial vehicle coverage can includes
1. Bodily Injury Liability - Coverage for damages that involve bodily injury to others for which you become responsible under law.
2. Property Damage Liability - Coverage for damage to property of others for which you become responsible under law.
3. Medical Payments - Coverage for reasonable and necessary medical expenses and funeral services for those who are accidentally injured while in your automobile or while getting into or out of your automobile.
4. Personal Injury Protection - Coverage for medical, hospital, rehabilitation, loss of wages or loss of services costs resulting from injury to you or any resident family member. In case of death to the insured or a resident family member, death benefits and survivor benefits, if applicable, will be provided.
5. Comprehensive - Protection for the loss of or damage to your vehicle and its equipment from all causes except collision, subject to the deductible on the policy.
6. Collision - Protection for the collision damage to your automobile and its equipment, subject to the deductible on the policy.
7. Uninsured Motorist - Coverage allows you to recover bodily injury damages due to an accident where the other party does not have insurance, and is found legally liable.
8. Underinsured Motorist - Coverage allows you to recover bodily injury damages due to an accident where the other party is found legally liable and does not have adequate liability limits.
9. Additional Expense - Coverage for necessary additional expenses incurred as a result of a loss for which you are protected under comprehensive or collision coverage. These expenses include rental cars, food, lodging and other incidental expenses.
10.Hired Auto Liability Coverage - Covers liability for automobiles hired under contract on behalf of or loaned to the named insured.
11.Hired Auto Physical Damage - Coverage for an automobile of any type, hired, borrowed or leased on a short term basis for use in the insured's business.
12.Employer's Non-Ownership Liability - Coverage for a private-passenger automobile used in the business of the named insured by any person, or the occasional and infrequent use of a commercial automobile in the business by any of your employees.
Businesses should consider all aspects of their fleet operations, ensure they are conforming to CSA standards, and determine the best coverage to meet all of their commercial vehicle needs. Seek out a qualified insurance broker to assist you with this important process.
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