Commercial Auto Liability Insurance
Business auto liability insurance helps cover the financial responsibility if you or an employee is at fault in an accident and people are injured or property is damaged. A minimum amount of commercial auto liability insurance (or proof of financial responsibility) is required in most states.
Some states also require underinsured motorist and uninsured motorist coverage to protect you when the at-fault driver is unable to pay the total cost. Collision or comprehensive insurance is often optional.
Who needs commercial auto liability insurance?
You need this protection if:
- Your business owns, leases or rents vehicles
- Employees drive company-owned, leased or rented vehicles
- Employees drive their own vehicles while conducting business
- You or your employees drive company cars for both business and personal use
Is minimum commercial auto liability coverage enough?
Minimum required coverage varies by state, and typically is the same for both personal and commercial auto liability policies. Many companies opt for more than state-minimum coverage. The reason? If an injured party sues for a larger amount than is covered by a minimal policy, it could seriously threaten many small businesses.
Every business is unique – contact us today to find out how to get the best price and value on car insurance for your business.