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Commercial Auto Insurance

Commercial Auto Insurance Information

Commercial Auto Insurance

For Cleveland, Beachwood And Areas Across Northeast Ohio

You have to get your business' products and services onto the market. To do that, you might need to drive. But, when driving for business, you need commercial auto insurance. It's specific coverage for the driving, accident and ownership risks businesses assume by operating vehicles.

Commercial vehicle owners need commercial auto coverage, but the exact policy has to be specific to you and your business. Don’t hesitate to talk to your Busha-Okeson Insurance agent about the best way to structure your policy. Call us at (216) 766-6300 or < a href="">start an online quote now!

What Is The Difference Between Commercial And Personal Auto Insurance?

If a business-owned-or-operated vehicle has a wreck, gets stolen or simply breaks down, then this is a cost the business might have to absorb. A standard car insurance policy cannot adequately insure these driving risks, which is why business owners must upgrade to a commercial auto policy. It will include enough coverage to help the business protect itself.

What Qualifies As A Commercial Vehicle?

A commercial car doesn't have to be a vehicle that is branded with your company's logo. It can be almost any vehicle used in the course of business, including:

  • Cars owned and used by the business
  • Business-owned cars provided to an employee for full-time use
  • An employee's personally-owned vehicle that they drive for business
  • Certain vehicles designed for commercial use, but owned and driven privately

All in all, whenever you plan to use a vehicle for business, you might need coverage. Contact your Busha-Okeson Insurance agent to learn more about whether your specific driving situation applies for coverage.

What Does A Commercial Auto Policy Cover?

Most standard commercial auto policies offer multiple types of coverage, including:

  • Liability: This coverage pays when a commercial driver is at-fault for a wreck. It will pay for the injuries or property damage you cause to others, like drivers of other cars.
  • Collision: When business vehicles sustain damage in wrecks, this coverage pays for repairs to the damage.
  • Comprehensive: If lightning, hail or vandalism damage your car, this coverage pays for repairs.
  • Un/Underinsured: Another driver might be at-fault for an accident involving the commercial vehicle. If they don't have the right liability insurance to repay the business, this coverage pays.
  • Medical Payments: Business drivers who get hurt in wrecks can use this coverage for help with their medical bills. Passengers are covered, too.

You can also expand on your coverage to make it more specific to your particular driving needs:

  • Inland Marine Insurance: This coverage insures equipment and cargo carried in business vehicles.
  • Non-Owned/Hired Auto Liability Coverage: If an employee driver uses their personally-owned vehicle for business, this coverage protects them and the business when accidents arise.
  • Roadside Assistance: This coverage can provide vehicles towing, tire changes, jump starts and more.
  • Personal Effects Coverage: Drivers' belongings that get stolen in vehicle theft can get coverage under this provision.
  • Gap Insurance: If you total your car, standard policy limits may only pay you the car's market value. Since car values depreciate, this settlement may not be enough money to pay the cost of an existing loan. Gap coverage helps you pay off the loan's remainder.

You can rely on us to help you comprehensively review and adjust all your coverage options to make the policy fit your needs precisely and effectively.

Frequently Asked Questions

Do you have to buy coverage?

Most states require all drivers — commercial vehicle operators included — to buy certain amounts of insurance. The requirements of various state and local regulations also require certain commercial vehicle operators to carry expanded coverage options not required of private operators.

How much does commercial auto insurance cost?

Numerous factors might impact your policy rates, such as the:

  • Number of cars you own
  • Sizes and types of vehicles insured
  • Driving records of all drivers insured on the policy
  • Intended use of the vehicles
  • Limits, deductibles and endorsements included on your policy

Commercial auto coverage is often a bit more expensive than a standard auto policy, just because it includes more-specific coverage. Our agents are happy to work with you to help you find affordable coverage without cutting corners on the necessary protection.

Does commercial auto insurance cover personal use?

If a car owned by the business is insured by a commercial auto policy, then that coverage will apply to it — both when it's used personally and officially. Keep in mind however, that if you are insuring an employee's personally-owned vehicle with a non-owned liability endorsement, then the employee still needs a personal car insurance policy on their own, too.

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