Farmers understands your business has unique coverage needs. Physical damage caused by wrecks theft vandalism and storms.
Commercial auto insurance covers automobiles trucks and other vehicles that your business owns.
Commercial auto liability. Commercial auto insurance youll need this coverage if youre using a vehicle for business reasons. Driving to and from the terminal fueling up traveling for maintenance or vehicle servicing driving during layovers dead-heading driving without a load and washing your truck all might be considered using the vehicle for a business purpose. Uninsured motorists who cause accidents and dont.
Medical expenses for injuries sustained in a crash. Typically all of your business employees with a valid license would be covered under this policy as additional insureds. Commercial insurance from Farmers isnt a one-size-fits-all solution.
It picks up where your business auto liability general liability or other liability coverage stops. For vehicles owned by the business. This can include things like how much coverage you select.
For example higher coverage limits may cost more. Each business owners policy BOP begins with essential coverage like liability and property insurance you can then customize it. Commercial auto insurance usually offers more comprehensive coverages like higher limits and liability coverage.
For example a financial firm serves alcohol at their annual company party. If your employee is driving a company vehicle and causes an accident bodily injury coverage helps pay for the other drivers medical bills. Commercial auto insurance pays bodily injury or property damage costs for which the business is found liable – up the the policy limits for liability and property damage.
Auto liability if you damage another partys automobile. Nationwide requires at least 100000 commercial auto liability coverage per vehicle with a recommended minimum of 500000 up to a maximum of 1 million. Host liquor liability is coverage under a commercial general liability policy CGL for businesses who have an incidental exposure to alcohol.
For even more coverage consider a business commercial umbrella policy. Most states not all require liability insurance to legally drive your vehicle. Do I need liability insurance.
NTL doesnt provide liability coverage for business use or when hauling any type of cargo. In almost every state employers must provide workers comp when there are W2. Property damage coverage helps pay for the other drivers car repairs.
An intoxicated employee accidentally strikes a pedestrian on his drive home which results in a lawsuit against the financial firm for the pedestrians injuries. Collision coverage helps pay to repair your company vehicle or may help pay to replace it if its. Commercial umbrella insurance is an.
Auto liability coverage is required in every state. These activities typically would be covered by the. The cost of liability insurance coverage as part of your auto insurance policy depends on many factors.
The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. Call 866 509-9444 for more information about GEICOs Commercial Auto Insurance or if youre ready now start your free commercial auto insurance rate quote online.