Commercial auto insurance is there to help keep you, your employees and your business on the road and properly covered against potential losses or claims. Your personal auto policy will NOT cover a vehicle that is owned, lease or rent by you or your employees for business use. Many small-business owners believe that if their car is in their personal name then commercial auto coverage is not necessary. This is not true. Most Scottsdale personal auto insurance policies will exclude coverage for the use of a vehicle for commercial purposes. A commercial auto policy has many of the same coverages as your personal auto policy and here are a few of the most important features:
- Liability – Coverages that protects for damages caused by you and your employees on to others for bodily injury, property damage, and covered pollution cost and expense that result from the ownership, repair, use or loading or unloading of an automobile. Limits can range from your state’s minimum allowed to $1 million in either combined single limit or split limits.
- Physical Damage – Protects your companies owned vehicles against damage and destruction including loss from collision, vandalism, fire and theft.
- Collision Coverage – Covers losses resulting from a collision of a covered vehicle with another object. Choose a deductible from $0 – $5,000 depending on your vehicle and business type.
Comprehensive Coverage – Covers losses resulting from any cause of loss other than collision or overturn. Choose a deductible from $0 – $5,000 depending on your vehicle and business type.
- Uninsured Motorist – Covers you or your employees when you are injured in an accident with an “uninsured” motorist. Whether that individual is driving illegally or is a hit and run, this coverage is there to protect you and your employees. Limits are usually matched with your designated liability limits. Limits can range from your state’s minimum allowed to $1 million in either combined single limit or split limits.
- Underinsured Motorist – Covers you or your employees when injured in an accident caused by a driver whose Scottsdale, AZ auto insurance limits are not equal to yours. Just like Uninsured motorists coverage, limits are usually matched with your designated liability limits. Limits can range from your state’s minimum allowed to $1 million in either combined single limit or split limits.
- Employer Non-Owned Car Liability – If your business has employees operate their own vehicles for company purposes such as sales agent meeting a client, secretary making a run to the store for supplies or any other business purpose, then adding “Employer Non-Owned Car Liability” coverage is needed for your business. Limits are matched to general liability limits on the commercial auto policy.
With any of your Scottsdale, Arizona business insurance needs, It is always best to contact a licensed agent at Smart Move Insurance to discuss your exact situation. We are there to help you find the “Right” coverage at the very best price.