Commercial Auto

Commercial Auto Insurance Policies

Chicago Insurance Advisors

Commercial auto insurance is essential for businesses or individuals who utilize their vehicle for the purposes of conducting work often or even just occasionally. This kind of coverage is very important should there be an accident that involves the vehicle when being used for purposes of company or commercial business. This kind of auto insurance can cover any kind of vehicle.

Normal auto insurance is not meant to cover accidents involving a vehicle utilized for business purposes. Commercial car insurance covers both physical damages and also any liability resulting from an accident. Commercial auto insurance will safeguard the business owner from any possible financial losses that might be a result of a lawsuit.

There are a few differences between commercial auto and normal car insurance. Commercial auto coverage normally has significantly higher liability limits in place for the commercial policyholder. A commercial policy covers both existing and new vehicles and can even cover the expense of rental reimbursement due to a vehicle being damaged and non-usable. Regular auto insurance covers the everyday needs of a normal driver. Commercial auto insurance provides coverage for a wide range of specific needs that directly may affect the owner of a business. A good example is the coverage for an employee who drives a vehicle for the business. Business owners who have a need to move things like equipment necessary for the operation of the business can be appropriately protected with a commercial policy.

A commercial policy also shields the business owner from any liability should an accident happen that involves an employee who is operating the car or truck. It also provides coverage for equipment that is damaged in an accident. There are less expensive policy choices for those who are doing their business while operating a vehicle only occasionally. Commercial coverage can also be combined with a private policy to suit the individual needs of all kinds of business owners.

Commercial Auto insurance financially beneficial in many ways for businesses. With this coverage, your insurance provider will help to cover the expenses for repair or replacement of damaged vehicles. Your insurance provider will also pay for claims made against your business by third parties. Note that commercial liability insurance requirements vary from state to state. Contact us today to learn more about how this coverage can help your business.


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