Commercial Auto Insurance in Brooksville FL & Spring Hill FL
Commercial auto coverage insures vehicles used for business purposes, such as cars, trucks and vans. Commercial auto insurance offers protection for vehicle damage, property damage and driver injuries sustained while driving for work.
Business vehicles may be leased, rented or owned by companies. An employee’s personal auto insurance doesn’t typically cover business-related driving adequately, making commercial auto insurance essential.
What Are the Types of Commercial Auto Coverage?
Commercial auto insurance is customizable, and many policyholders choose to add endorsements to their policies. These additions may include roadside assistance coverage, new vehicle replacement cost coverage, towing reimbursement, rental reimbursement and gap coverage for auto loans or leases. Businesses can choose from a variety of coverages, but the most common types include:
Collision coverage may cover vehicle repair costs if an insured vehicle collides with another vehicle or object. This coverage may also help with vehicle replacement for a totaled vehicle.
Comprehensive coverage offers complete protection for damages unrelated to an accident, such as losses due to theft, floods, vandalism and fires.
Liability coverage can cover repair costs for the other person’s vehicle or property. It also may provide coverage for the legal fees associated with a lawsuit for personal injury.
Medical payment offers coverage for passengers and the driver when there is a need for medical care due to an accident.
Uninsured motorist coverage offers coverage if an uninsured driver hits a business’s vehicle and injures its driver and passengers. Some uninsured motorist coverage may also cover damage to the company vehicle.
How Does Commercial Auto Insurance Work?
Suppose you or one of your employees is using a business vehicle and causes an accident that injures another person or damages their property. In that case, a claim may be filed on your policy. Your liability insurance should cover costs to pay damages on the claim up to the policy limit. However, you or your business may be responsible for any amount of damages above the limit.
Your liability insurance may also cover the costs to defend you or the vehicle’s driver if an accident-related lawsuit is separate from the policy limit.
How Much Does Commercial Auto Insurance Cost?
Your commercial auto cost can depend on various factors, including:
Your business’s size
Quantity, costs and types of vehicles
Number of employees driving company vehicles
Your business and driving risks
Employees’ driving records
Killingsworth Insurance can create a policy that fits your business’s needs and budget. Call us today at 352-796-1451 or 800-526-3959.