The direct answerCommercial auto insurance can cover liability arising from business vehicle use and may include physical damage, uninsured motorist, medical payments and other selected protections. The correct setup depends on vehicle ownership, drivers, radius of operation, cargo and how each vehicle is used.
Coverage that may be included
- Liability for covered accidents involving scheduled business vehicles
- Comprehensive and collision coverage when selected
- Uninsured or underinsured motorist protection where available
- Hired and non-owned auto coverage when appropriate
What we review before approaching carriers
- Vehicle identification numbers and current garaging addresses
- Driver list, licensing and motor vehicle records
- Business use, delivery activity and operating radius
- Ownership, leasing, financing and required filings
Common mistake
Relying on a personal auto policy for regular business use. Personal policies may restrict or exclude certain commercial activities, vehicles or drivers.
What should a business owner do next?
Gather current policies, loss runs, property values, vehicle and driver schedules, payroll or revenue information, and any contracts that create insurance requirements. A John Galt Insurance agent can identify the markets and applications that fit the exposure.