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No matter the size of your business, if you use a vehicle for transactions related to your company, then commercial auto insurance is a must. You may be wondering, what’s the difference between personal and commercial auto insurance? Isn’t personal insurance enough? The primary difference is who owns the vehicle. Some business owners and employees may use personal vehicles for business purposes, such as visiting job sites, transporting people, or delivering goods. However, personal auto insurance policies don’t cover business use, meaning you won’t be covered if you get into an accident while driving for work.

Commercial Auto Insurance: What’s Covered? 

Collision Coverage – Accidents happen. Commercial insurance covers your vehicle in the event of a collision with another vehicle or object. This way, you won’t have to worry about paying the cost of the damage out of pocket.

Comprehensive Coverage – Commercial insurance covers vandalism and theft, which aren’t always covered by personal insurance.

Loading and Unloading Coverage – If an employee is injured while loading or unloading a vehicle, your business will typically be covered under the commercial auto insurance policy.

Medical Payments – Commercial insurance covers medical bills and payments for employees who are injured in a collision.

Uninsured Motorists – Uninsured motorist coverage ensures that your business won’t have to pay property or injury bills if you’re struck by another driver who doesn’t have insurance.

Commercial auto policies pay for legal expenses, bodily injury, and property damage related to auto accidents. Without commercial auto insurance, your business and assets are left exposed. In the event of an accident, you could be saddled with crippling expenses and fines from the state if insurance is mandated. Your business could face financial and reputational devastation, and even be completely shut down.

CTG Insurance: Personalized Insurance Solutions

Be prepared for any scenario—protect your business and your employees with commercial auto insurance. With 40+ years of proven experience, CTG Insurance delivers personalized solutions tailored to your unique needs, risks, and budget. Speak to one of our experienced advisors to find the right insurance policy for you.

About the Author: Steven Elkins
Steven Elkins is the vice president of CTG Insurance.

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