If you or any of your employees regularly use company vehicles for work, you may well benefit from the additional coverage that commercial auto policies can offer. Business use, in case you are wondering, can be easily defined as the use of a vehicle to travel to clients or job sites or to undertake your work requirements such as delivery or towing for example, on a regular basis you should consider commercial auto insurance.
What Is Commercial Auto Coverage in Florida?
Here in Florida, all vehicles on the road (commercial or otherwise) must have a minimum of $10,000 or personal injury protection (PIP) and $10,000 or liability coverage on their car insurance policy. If your business operates a fleet of vehicles, however, you may want to extend your coverage to keep your business on the road at all times. Commercial Auto Insurance offers enhanced coverage specially designed for business owners like yourself.
As the bare minimum, your commercial insurance policy should include the following cover:
- Bodily injury liability coverage – This will cover the expense of claims made following any injury or death resulting from an accident for which a representative of your business was at fault and will also usually cover your legal expenses too.
- Property damage liability coverage – This will provide you with protection if a representative of your company accidentally damages another person’s property while driving a company vehicle.
- Combined single limit (CSL) – Liability policies typically offer separate limits that apply to bodily injury claims for property damage. A combined single limits policy has the same dollar amount of coverage per covered occurrence whether bodily injury or property damage, one person or several.
- Medical payments, no-fault or personal injury coverage – This will pay for the medical expenses of any driver and/or passengers in a company vehicle that is involved in an accident, regardless of fault.
- Uninsured motorist coverage – This will pay for any injuries and certain types of property damage caused by an uninsured driver.
- Comprehensive physical damage coverage – This will pay for any damage to your company vehicle that is caused by theft, vandalism, flood, fire, and other covered perils.
- Collision coverage – This simply pays for damage to your company vehicle when it hits or is hit by another object.
Who Needs Commercial Auto Insurance in Florida?
As a local business owner, you may think that your organization is too small to warrant specialist insurance, or that your vehicles aren’t driven often enough to justify the additional expense. But, there are a great many varying types and sizes of business that can really benefit from the additional cover provided by commercial auto insurance, and you can also feel safe in the knowledge that should the worst happen, your business is covered.
- Delivery of Goods (including but not restricted to pizza, flowers, wholesale, retail)
- Rural Newspaper Delivery
- Trucking – Local and long haul
- Messenger, deliverer, chauffeur
- Taxi driver
Commercial auto insurance should also be used if your business vehicles that are carrying certain types of motorized equipment. These could include:
- Carrying Equipment (ladders, supplies, tools, etc.)
- Carrying Hazardous (or flammable) material
- Carrying Housekeeping Equipment for a business
- Equipped with cranes, winches, snowplows (not for use on private property only)
- Towing for Hire
You should also consider who is driving your vehicles. Another sign If other employees at your company are driving the car on a regular basis, commercial auto insurance will allow you to list employees as drivers so that the insurance company can properly underwrite the risk on the vehicle.
Commercial Auto Insurance From The Sena Group
If you would like to find out more about commercial auto insurance for your Florida business, speak to us today at 561-391-4661.
For more information about how The Sena Group can help you with any
of your insurance needs, please contact us at 561-391-4661.
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