Does my nonprofit need commercial auto insurance?
If your nonprofit organization owns, leases, or rents vehicles then you will need commercial auto insurance. Your organization may also need commercial auto liability insurance if your employees or volunteers use their personal vehicles while working for your organization.
What does commercial auto insurance cover?
Commercial auto insurance covers damage to vehicles owned and used by your nonprofit. This can include cars, trucks, vans, and trailers. Commercial auto insurance can also provide coverage for minor or serious injuries that happen in a business vehicle. This can include injuries from accidents, theft, vandalism, and financial damages.
What doesn’t commercial auto insurance cover?
Commercial auto insurance typically would not cover intentional damage to vehicles, normal wear & tear, mechanical problems, maintenance issues, or damage caused by drivers who are not authorized to operate the vehicle.
How much does commercial auto insurance cost for a nonprofit organization?
Commercial auto insurance costs depend on a number of factors such as, the number of vehicles, the types & costs of each vehicle, how the vehicles are used, what type of services your nonprofit offers, and if you have full coverage or liability only on each vehicle. Your nonprofit can expect to pay anywhere between a few hundred dollars to several thousand per vehicle.