Commercial Auto Insurance

Understanding Commercial Auto Insurance

Commercial Auto Insurance is similar to Personal Auto Insurance but is designed for vehicles owner by a business, solely used for a business, or vehicles that don't qualify for a Personal Auto Policy. Coverages on a Commercial Auto Policy are similar to those on a Personal Auto but usually are not as broad. Owned, Hired and Non-Owned Auto coverage must each be purchased seperately if you desire those coverages. Below is a description for each of these coverages.

Owned Autos –

provides protection for claims arising out of ownership.

Hired Autos –

provides protection for a vehicle you or your employee rent or borrow for business.

Non-Owned Autos –

provides protection for partners, employees, or members of households using the vehicle for your business or personal affairs.

Temporary Substitute Autos –

provides protection when your owned auto is disabled and you’re using another vehicle temporarily.

Newly Acquired Autos –

provides protection for new or additional autos acquired during the policy period.