Commercial Auto Insurance insures your company vehicles for physical damage and liability coverages for usage not covered by a personal auto policy. This type of business insurance covers a variety of vehicles and is also referred to as commercial car insurance, truck insurance, or fleet insurance.
Do you need Georgia Commercial Auto Insurance?
In general, if a vehicle is used in tasks related to your occupation, profession, or business — other than commuting — a commercial policy is necessary. Below are some examples:
If you are using your vehicle to transport goods or people for a fee, such as for ridesharing, or if you use it to conduct a service, you may need a commercial auto insurance policy.
A commercial auto policy may also be appropriate if you need higher limits of liability because of the nature of your work.
Hauling a considerable weight in tools or equipment or towing a trailer used to conduct your business may require a commercial auto insurance policy.
A commercial insurance policy may be needed if employees operate the auto or if ownership is in the name of a corporation or partnership.
What does Commercial Auto Insurance cover?
Commercial auto insurance, like your personal auto policy, provides similar coverages such as:
- Medical payments (or personal injury protection)
- Uninsured motorists coverage
However, there are also differences between a commercial auto insurance policy and your personal auto policy that may include eligibility, definitions, coverages, exclusions, and limits.
Most commercial auto policies are “named driver only” policies, meaning only those drivers listed on the policy can operate a covered auto.
What are the coverages?
- Bodily injury liability coverage — pays for bodily injury or death resulting from an accident for which you are at fault and provides you with a legal defense.
- Property damage liability coverage — provides you with protection if your car accidentally damages another person’s property. It also provides you with a legal defense.
- Combined single limit (CSL) — Liability policies typically offer separate limits that apply to bodily injury claims for property damage. A combined single limits policy has the same dollar amount of coverage per covered occurrence whether bodily injury or property damage, one person or several.
- Medical payments, no-fault or Personal Injury Coverage — usually pays for the medical expenses of the driver and passengers in your car incurred as a result of a covered accident regardless of fault.
- Uninsured motorist coverage – pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
- Comprehensive physical damage coverage — pays for damage to or replacement of your car from theft, vandalism, flood, fire, and other covered perils.
- Collision coverage – pays for damage to your car when it hits or is hit by another object.
Commercial Auto Insurance in Acworth, Georgia
With many different options, finding the right commercial car insurance for your situation can be confusing. Here at GracePoint Insurance, our commercial auto specialists are here to help! Contact us at 678-224-9333 today to get a quote.