Commercial Auto Insurance
Drive with peace of mind. DeAngelis Insurance offers a range of commercial auto insurance policies to cover you and your vehicle against accidents, theft and other unforeseen risks.
Commercial auto insurance is a type of insurance policy that protects a business from financial losses if a company vehicle is involved in an accident, covering liability for bodily injury and property damage to others caused by the business vehicle, as well as potential damage to the company vehicle itself; essentially acting as a safety net for businesses that operate vehicles for work purposes. Key points about commercial auto insurance:
- What it covers: Primarily covers liability for accidents caused by company vehicles, including bodily injury to others, property damage, and sometimes medical expenses for the driver and passengers.
- Who needs it: Any business that uses vehicles for work, such as delivery companies, service providers, sales teams, or any company with company-owned cars.
- Important coverage aspects:
- Liability coverage: The primary coverage, paying for damages to others if you are at fault in an accident.
- Physical damage coverage: Covers repairs or replacement costs for your company vehicle in case of an accident.
- Uninsured/Underinsured motorist coverage: Protects you if you are hit by a driver with no insurance or inadequate insurance.
- Factors affecting premiums:
- Type of vehicle: Trucks, vans, and large vehicles typically have higher premiums than smaller cars.
- Driving history: Driver records of the company's employees can influence premiums.
- Business usage: High-mileage or frequent driving for work can lead to higher premiums.
- Benefits of commercial auto insurance:
- Financial protection: Helps pay for significant costs associated with accidents, including medical bills, legal fees, and vehicle repairs.
- Peace of mind: Knowing your business is protected in case of an accident.
- Compliance with regulations: Many states require businesses operating vehicles to have commercial auto insurance.