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Auto Insurance

Injury and Property Protection:

The primary purpose is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise.

Reasons to Consider

  • Any small business that owns, leases, or rents vehicles.
  • Has employees who drive company-owned, leased, or rented vehicles.
  • If employees or volunteers use their own personal vehicles for company business.

Coverage In Action

  • A small business vehicle made an unsafe lane change into a passing vehicle, causing an accident, injuring the driver and passenger.
  • Small business employee driving his own vehicle on agency business was involved in an at-fault, catastrophic collision.

Common Coverage Limits

Minimum required commercial auto liability coverage varies by state and is typically the same for personal and commercial auto liability policies. Many companies opt for more than state-minimum coverage. Why? Because if an injured party sues for a larger amount than the minimal policy covers, it could seriously threaten their small business.

Generally, at least $100,000 commercial auto liability coverage per vehicle, with a minimum of $500,000 up to a maximum of $1 million.

Additional coverage can be provided through an umbrella policy.