One cannot deny that commercial vehicles are an essential mode of transportation today. Can you? Of course not. In most circumstances, Texas commercial auto insurance policy is required when the vehicle is utilized for business purposes and fulfills specific requirements. It’s not just the vehicle’s registration or the type that defines the rate of a commercial automobile insurance policy. 

Most commercial or business auto policy rates depend on-

  • The vehicle type, 
  • Whether it’s meant for hauling goods or not for hire, 
  • Gross vehicle weight of the car, 
  • The radius of operation
  • Driving records, 
  • Claim history, etc. 

The need for Commercial & Business Auto Insurance

Generally, a business auto liability insurance policy is a must if a vehicle is utilized in tasks related to the job, profession, or business of the operator, other than commuting. 

  • If you use your auto to transport goods or people for a fee or if you use your vehicle to conduct a service, having commercial vehicle insurance is a must.
  • Hauling an enormous weight in tools & equipment or towing a trailer used to drive your business may also require you to have commercial auto coverage.
  • A motor vehicle insurance is suitable if you mandate higher liability limits due to the nature of your work.
  • Commercial insurance may be mandated if employees drive the auto or in the case when ownership is in the name of a corporation or partnership.

What does Commercial Motor Vehicle Insurance cover? 

Like your personal vehicle insurance, business vehicle insurance presents similar coverages. The insurance includes coverage for liability, clash, total medical payments (or personal injury coverage), and uninsured motorists’ protection to businesses.  

However, the difference between commercial vehicle coverage and your personal vehicle insurance may include eligibility, purposes, coverages, exclusions, as well as limits. Often, commercial auto policies are “named driver only” policies, signifying only the drivers listed in the policy will operate the covered auto.

The coverage in our Business auto insurance

  • Bodily injury liability coverage: Under this, we pay for bodily injury or death resulting from an accident for which you are at fault.
  • Property damage liability coverage: We present you with protection in case your vehicle coincidentally damages another person’s property. 
  • Combined single limit (CSL): Liability coverage generally offers different limits that apply to physical injury claims or property damage. A combined single limits policy has the same amount of coverage per covered event, whether it involves physical injury or damage to the property, one person, or several.
  • Medical payments, no-fault, or personal injury coverage: Under this, we usually pay for the medical expenses of the driver and passengers in your car incurred as an outcome of a covered mishap irrespective of fault.
  • Uninsured motorist coverage: In some circumstances, it pays for your injuries and specific property damage caused by an uninsured or a hit-and-run driver. 

In some circumstances, it pays for your injuries and specific property damage caused by an uninsured or a hit-and-run driver. In some cases, even underinsured motorist coverage is included as well. This is for cases where the at-fault driver holds inadequate insurance.

  • Comprehensive physical damage coverage: In this, your Commercial auto insurance company pays for damage to or replacing your car from theft, vandalism, including flood, fire, and different covered risks.
  • Collision coverage: It compensates for the damage caused to your car when it hits or gets hit by other objects.

How can we help you with Commercial motor vehicle insurance?

Heavy-duty commercial vehicles are undoubtedly prone to accidents, sudden driving damages, impulsive breakdowns, and unpredicted natural calamities. Hence, business vehicle insurance is vital to cover these sets of wheels in opposition to the odds.

Commercial Auto Insurance insures your commercial vehicles for physical damage and liability protection for dollar amounts, circumstances, and usage not included in personal automobile insurance. 

This type of vehicle insurance covers a range of vehicles. With different options, the insurance for a commercial vehicle can be confusing. We can best help you with the coverage you need for your business. So contact one of our agents for your commercial automobile insurance needs.