Commercial Auto Insurance
Commercial Auto or Business Auto covers the auto liability and material damage for all of the vehicles owned and used by the business. You can add as many vehicles as you need onto this policy and determine whether you need liability only coverage or comprehensive and collision coverage for each of the listed vehicles.
Coverage for custom equipment and modifications can be added for vehicles. Loss of use (rental car) can be added for any private passenger type vehicles.
Personal auto policies usually will exclude coverage for an accident if an employee was driving or if it used as a commercial vehicle.
Hired and Non-Owned Auto coverage can be added to protect you in situations where the business is using a vehicle they do not own or have an employee using their own personal vehicle for company business.
What factors determine your rate?
While many factors determine the ultimate rate, here are some of the common factors:
The nature of your business
Years of experience
The number of vehicles being insured
The type and value of the vehicles being insured
Coverage & deductible selections
Age and driving record of each of your drivers