We’ve recently looked at the different industries that benefit from commercial auto insurance. We’ve also, detailed how personal and commercial auto insurance differs. That being said, many small business owners still aren’t sure what is covered by commercial auto insurance.
What’s Covered by Commercial Auto Insurance?
Whether bad weather or a distracted driver are to blame, accidents happen. Commercial auto coverage helps ensure that the covered vehicle is protected in the event of a collision with another vehicle or an object (tree, guardrail, mailbox, etc.). This means that small business owners don’t have to worry about paying for a damaged work vehicle out of pocket; the work will be covered under the insurance policy (subject to any applicable deductible).
Vandalism, fallen trees, and even theft aren’t always covered by personal insurance. But they are covered by most commercial auto insurance policies. This means that your vehicles are covered, even if they’re left out at night.
Loading and Unloading Coverage
Covered vehicles can be used to transport heavy, expensive work equipment. And this unloading and loading process can be covered under a commercial auto insurance policy. If unloading or loading up a covered vehicle results in an injury to an employee or bystander, or an accident involving another vehicle, the business will typically be covered under the commercial auto insurance policy.
Medical Coverage Payments
This doesn’t just cover the business owner. Medical coverage for commercial auto insurance also covers employees who are injured in a collision. This means that all those injured at your company can expect proper medical attention to be covered under the insurance plan.
Often covered under personal auto insurance as well, uninsured motorist insurance ensures that your business won’t have to pay property or injury bills if you’re struck by another driver who doesn’t have insurance.