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Commercial auto insurance is a specific type of insurance that covers the cost of accidents involving organization-owned vehicles. It covers any type of vehicle used to conduct business, including cars, trucks, and work vans. If you get in an accident without an insurance policy in place, you could face bills that you simply can’t afford. Additionally, losing your work vehicle could ruin your company financially if you rely on it for your business.

How do you tell if you need a commercial auto insurance policy? If you or an employee uses a vehicle to conduct any kind of business service, such as delivering goods or transporting people, you’ll need auto insurance.

What Does Commercial Auto Insurance Cover?

Auto insurance protects your automobiles and your employees. A typical commercial auto insurance policy covers:

 Auto Accident Liability: coverage for bodily injury claims resulting from an accident while operating an owned or non-owned vehicle.

–  Medical Payments: Coverage for medical expenses for you and any passengers injured in an accident.

–  Physical Damage: protects against vehicle theft and physical damage including vandalism, weather events, and collision.

Without a policy, you’re responsible for paying any costs out of pocket related to accidents, injuries, physical damage, or even legal fees in the event of a lawsuit.

How Much Does Auto Insurance Cost?

The cost of your auto insurance policy depends on several factors, including the type and number of vehicles you’re insuring, the type of risk involved, your claim history, employee driving records, and the policy deductible.

Personalized Insurance Solutions for Nonprofits & Businesses

No matter what kind of commercial vehicles your organization operates or how, CTG has all the coverage options and extras you need to cover the unique risks you face. Our personalized plans let you operate with confidence knowing that your people and vehicles are fully protected when they are at work for you. To find the right insurance policy for you, speak to one of our experienced advisors.

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

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