Commercial auto insurance provides specialized coverage for vehicles owned or used by a business. Personal auto policies typically exclude business-related use, so this insurance is essential for covering liability and physical damage for a company’s fleet of cars, trucks, or vans, as well as for employees who use their personal vehicles for work tasks.
- What It Is: A policy that covers vehicles used for business purposes.
- What It Covers:
- Liability & Physical Damage: For company-owned cars, trucks, and vans.
- Hired & Non-Owned Auto: Provides liability coverage when employees drive their own cars for business or when the business rents vehicles.
- Who It’s For: Any business that uses vehicles for work-related tasks.
- Key Considerations: A personal auto policy typically excludes business use, making this coverage essential.