What is Commercial Auto Insurance?
Commercial auto insurance is a type of vehicle insurance designed for businesses that use vehicles for work-related purposes. It provides coverage for company-owned cars, trucks, vans, and other commercial vehicles against accidents, theft, and liability. Gibb Agency Insurance Services provides the same in McKinney, Dallas, Allen, TX, Richardson, TX, Plano, Frisco and surrounding areas.
Why is Commercial Auto Insurance Important?
Personal auto insurance does not cover vehicles used for business operations. If a company vehicle is involved in an accident, commercial auto insurance ensures financial protection against damages, medical expenses, and legal liabilities.
Coverage Offered in Commercial Auto Insurance
Liability Coverage
Covers injuries and property damage caused by company vehicles to others.
Protects against lawsuits and legal claims.
Collision Coverage
Pays for repairs or replacement of your business vehicle after an accident.
Comprehensive Coverage
Covers non-collision-related damages like theft, fire, vandalism, or natural disasters.
Medical Payments (MedPay) Coverage
Pays for medical expenses of drivers and passengers injured in an accident.
Uninsured/Underinsured Motorist Coverage
Provides protection if the other driver has little or no insurance.
Hired & Non-Owned Auto Coverage
Covers vehicles rented or used by employees for business purposes.
Who Needs Commercial Auto Insurance?
Businesses that own and operate vehicles.
Companies using vehicles for deliveries, transportation, or client visits.
Rideshare drivers and independent contractors using personal vehicles for work.
Final Thoughts
Commercial auto insurance is essential for businesses to protect their assets and employees. Choosing the right policy ensures financial security in case of accidents, reducing business risks.
Should you have any questions, feel free to give us a call.
