Commercial Auto Insurance

Insurance for Commercial Automobiles

As a business owner myself in the state of Florida, there is no question that your commercial auto is one of the most important coverages in the insurance industry and often that coverage should be a top priority.

After considering how many miles your divers make a year, you will need to make sure that you are covered. In the insurance world, liability is the most feared expense. Especially if your drivers use the highway on a regular basis you will need to prepare for potentially large claims. With how frequent accidents are on the highway you can never be too prepared. In the state of Florida there are 350,000 traffic crashes on average per year. Florida ranks 3rd for most car accidents per year. “I’m originally from Indiana and people drive crazy here” - Tanner. Each accident is an opportunity that could put your company out of business for good.

Having a great commercial auto insurance policy is like having a barrier between you and the claim. Depending on the amount of coverage you carry, the closer to danger you are. Insurance is designed to give you peace of mind giving you the space to focus on the growth of your business.

3rd Generation Insurance is proud to be serve with over 25 years of combined experience. We aim to be a servant to the community, standing by and ready to restore you back to your former self.

Commercial Auto Insurance Components

What Does Commercial Auto Insurance Protect?

You might be here investigating what commercial auto insurance covers. To start, commercial auto insurance is designed solely for business and business vehicles for commercial purposes. This is designed in a way to separate the driver from the accident, potentially preventing from having to pay any expense.

What Is Commercial Auto Insurance?

Commercial Auto Insurance is built in a way to protect Vehicles used for business purposed while being used for a business purpose. It works very closely to an auto policy, just for commercial vehicles. Commercial auto policies can cover:

• Cars.

• Vans.

• Trucks.

• Other types of moving commercial vehicles specifically listed with the carrier.

Common Types of Coverage

Commercial Auto Insurance carriers very similar coverage to your personal auto policy. Some of the coverages are:

• Rental reimbursement

• Property damage

• Bodily injury

• Towing and labor

How Much Does Commercial Auto Insurance Cost?

When it comes to quoting Auto Insurance It's best to talk to an experienced commercial auto insurance agent. Experience makes the difference in a world as complicated as the insurance world. If you are looking to switch or add reach out today.

Some of the biggest factors when it comes to determining your Commercial Auto Policy could be:

• Amount of coverage.

• Location or Area.

• Number of your autos.

• Business type.

Different Types of Commercial Auto Insurance Policies?

With a multitude of different vehicles, businesses, and claim situations, comes a variety of policy options. Here are some of them listed below:

Open policies

Open Commercial are adjustable policies allow insureds and their business to add or delete vehicle protection in and out of coverage for a period between one and six months at a time.

Having this tool gives business owners the option to tailor coverage to their needs and can help businesses manage costs if they are influenced by seasonal change. Paying for something only when you need it is an option a lot of business owners take.

Blanket fleet policies

Blanket fleet policies cover vehicles under a single policy. A blanket policy coverage can vary depending on the insurance need including the following:

• Liability.

• Uninsured - underinsured motorist.

• Property damage.

• Personal injury protection.

• Medical expenses.

• Collision coverage.

• Comprehensive coverage.

I you have 100 vehicles or just 1 this type of policy will give them coverage all the same. A blanket fleet policy is a common choice among business owners.

Specific fleet policy

For vehicles such as licensed taxi cabs or limousines A specific fleet policy provides level and consistent protection for all vehicles in the fleet. A Specific Fleet Policy is commonly fit to the needs of individual fleets, however, it offers more coverage than open policies.

Some Tips When Choosing Commercial Auto Insurance?

Finding coverage that fits your needs is not easy. Here are some common things most people look for when researching a Commercial Auto Policy.

• Limits of liability are one of the most important coverages and should be enough for the event of a serious accident.

• If your employees drive their own cars for work, you will most likely want to look into or talk to your agent about a personal accident insurance option as an endorsement to your commercial car insurance policy.

• Look at the size of deductible and adjust that to a comfortable level. There is a deductible that applies to both labor costs and other damages.

• Consider the various types of vehicles you will need to insure.

• You might be in need of commercial auto coverage for rentals.

Frequently Asked Commercial Auto Insurance Questions