{"id":57,"date":"2023-10-13T13:15:20","date_gmt":"2023-10-13T13:15:20","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=57"},"modified":"2023-10-13T13:17:31","modified_gmt":"2023-10-13T13:17:31","slug":"commercial-auto-insurance-how-does-it-work","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/car-insurance\/commercial-auto-insurance-how-does-it-work\/","title":{"rendered":"Commercial Auto Insurance: How Does It Work?"},"content":{"rendered":"

If your company owns a car, you will very likely need commercial auto insurance. This is because it covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.<\/p>

Commercial auto insurance covers vehicles used for business purposes, whether or not they\u2019re owned by your company. The coverage is a must for small-business owners who drive to work sites or to meet clients, deliver goods, and haul tools or supplies. Companies with employees who drive their vehicles also need it.<\/p>

Commercial car insurance is separate from rideshare insurance and personal auto insurance, though you can often bundle these to save money. You may also be able to package this coverage with other types of business insurance, including general liability and commercial property insurance.<\/p>

What is commercial auto insurance?<\/strong><\/span><\/h2>

Commercial auto insurance is a type of car insurance specifically designed for vehicles used for business purposes. It is a contract between you and your insurance company that outlines how your insurance company compensates you for financial losses if a business vehicle is involved in an accident or other problem covered by your policy.<\/p>

Business vehicles can include company cars and commercial trucks and vans. Box trucks and food trucks are other examples of vehicles that can be covered by commercial auto insurance. Your personal car insurance won\u2019t pay a claim if you\u2019re driving a car for business and get into an accident.<\/p>

A commercial auto insurance policy typically includes:<\/p>