What Commercial Insurance Usually Covers
- Bodily Injury. Covers you for bodily injury or death from an accident for which an employee is at fault and often covers associated legal defense expenses.
- Property Damage. Protects you if a company vehicle accidentally damages another person or business’s property.
- Medical Payments. Whether you are at fault or not, this usually pays medical expenses of the driver and passengers in the vehicle that are in an accident.
- Uninsured Motorists. This pays for injuries and sometimes certain property damage when involved in an accident with a driver who is uninsured. This will also usually cover hit-and-run accidents.
- Comprehensive. This covers vehicle damage resulting from flood, fire, vandalism, theft, and other covered perils.
- Collision. Pays for the damage to a vehicle when it is hit or hit another object.
Did You Know?
Personal auto insurance does not protect you if you are self-employed and are using your personal vehicle for business purposes. It only covers driving for leisure, commuting and other personal use.
Insurance Information Institute (I.I.I.)What Commercial Auto Insurance Usually Does Not Cover
- Personal Vehicles. When an employee’s car is damaged from using their personal car for business use.
- Non-employee Damage. When a company vehicle is damaged by a friend or relative of an employee.
