Business Auto Insurance
What Does Business Auto Insurance Cover?
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 collsion 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 privatre 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. Personal auto policie also exclude coverage for any non-passenger type vehicle or vehicles with a gross vehicle weight of over 10,000 pounds.
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 Questions Should I Ask My Agent?
-Can I use my personal auto insurance in place of buying a Business Auto policy?
-Do I need to list all my drivers?
-Am I covered for my cusom equipment or do I need to add coverage?
-Is my business property covered by this policy while it inside a covered vehicle?
What Factors Determine Your Rate?
While many factors are considered in the ultimate premium, here are some of the common factors used to determine your price:
-The nature of your business and years of experience
-The type and value of the vehicles being insured
-The age and driving record of eachof your drivers
-Your loss history