Commercial Auto Insurance – Coverage for your organization’s automobiles and operators that includes two aspects: liability and property damage.
A snapshot of what commercial auto insurance typically covers:
- Bodily Injury – costs associated with an accident such as medical payments, long-term care, legal defense, and other expenses related to a loss in which others are harmed
- Physical Damage — damage to physical property associated with an accident. Items may include automobiles and property owned by others.
- Collision- protects vehicles that suffer from a loss associated with a collision
- Comprehensive – covers costs related to damage incurred by activities associated with events other than collision. (i.e. Fire, Theft, Vandalism, etc.)
- Specific Cause of Loss –provides protection for losses incurred that are not related to a collision. Typically, this includes coverage for events such as fire, hail, flood, and theft.
- Uninsured/Underinsured Motorists – covers accident costs involving an at-fault motorist that may not carry adequate insurance to cover a suffered loss
- Medical Payments – covers the cost of medical payments for your organization’s driver and passengers
- Personal Injury Protection – covers the cost of medical payments of your organization’s driver and passengers, regardless of who is at fault for the accident (Disability Benefits and Death Benefits may be included)
Auto Coverage may also include…
Additional Insured by Contract or Agreement | Broadened Named Insured | Extended Coverage – Electronic Equipment | Extended Coverage – Personal Effects | Fleet and non-fleet vehicles | Garage keepers insurance | Glass Breakage | Hired Autos | Non-owned auto | Trailers/ Mobile Equipment | Temporary Transportation Expense | Towing