Automobile

Insurance for your business vehicles

Commercial automobile insurance provides valuable protection for your commercially-owned vehicles -- as well as for "hired" vehicles you rent, loan or lease for business use. Typically, policies include:

Liability Coverage for Accidents Involving Your Company-Owned Vehicles. This coverage protects you in case someone else claims you (or someone driving your covered vehicle) are legally liable for either bodily injury or property damage.

Medical Payments for You or Your Passengers. If you are in an accident or struck by another vehicle, your commercial automobile policy can pay medical expenses for you (if you are not covered by Workers' Compensation) and any passengers in your vehicle.

Physical Damage (Collision). Your commercial automobile coverage also can include coverage for collisions, providing you valuable protection in case your vehicle is physically damaged in an accident involving another vehicle or a stationary object -- such as a building, telephone pole, or guardrail.

Physical Damage (Comprehensive). If you elect comprehensive coverage on your commercial auto policy, it pays for physical damage to your insured vehicles caused by a variety of risks -- including fire, lightning, theft, vandalism, hail and flood.

Uninsured/Underinsured Motorist. This coverage protects you in case you are injured in an accident caused by the negligent operation of an uninsured auto or by a hit-and-run motorist. It also protects you in case you are injured by someone who has less liability coverage than you.

Lost Wages for Accident Victims. Some policies will also reimburse you and any injured passengers for any wages lost because of a covered accident.

Liability Coverage for Business Use of Your Employees' Cars. If your employees use their own vehicles for company business, you will want to make sure your commercial auto policy provides liability protection for business use of employees' vehicles. This means that if your employees are ever involved in an accident while using their own vehicle for company business, you would be protected if someone sued you for the resulting damage or injury.