Business Auto Insurance

You can never predict road conditions, weather, or what other drivers will do while you have company vehicles on the road. This unpredictability amplifies the necessity of protecting your business assets through comprehensive business auto insurance. Such insurance becomes a safety net, providing financial support in the event of accidents, theft, or unforeseen incidents that could otherwise lead to significant losses. If your business operations hinge on the use of cars, trucks, or vans, obtaining this coverage is not merely optional but essential for the continuity and stability of your business. Additionally, business auto insurance ensures you remain in compliance with legal mandates while offering peace of mind that your company is prepared for any challenges that might arise on the road. By investing in the right level of protection, you can focus on your core business activities, knowing that your vehicles and, by extension, your business, are well-protected.

Frequently Asked Questions Commercial Auto Insurance

Who needs business auto insurance?

Obviously, if your business owns, rents, or leases any vehicles, you need commercial auto insurance. But you should also carry coverage if employees are driving their own vehicles while conducting business for you. That’s because if an employee is in an accident in their personal vehicle, they could exhaust their personal liability coverage limit and then the injured party could come after you.

Can I pick and choose my commercial auto insurance coverage options?

Yes. Just like with personal auto insurance, you can select various levels of business auto coverage. Most states require that you carry at least a minimum amount of commercial liability insurance, but that is a smart business practice, too. Ferrera Insurance Agency will tap our network of top-rated insurance companies to provide you with a commercial auto insurance quote that can include:

Auto liability
Medical payments
Comprehensive coverage
Collision coverage
Uninsured and underinsured motorist coverage
Coverage for autos you borrow or rent
Coverage for employees using their cars for business

What if the vehicles are driven for both personal and business use?

Sometimes company vehicles serve double duty in their purpose. Between 9 and 5, employees use the vehicle for business, but before and after that it’s used for groceries, running the kids around, or traveling around town. A business auto insurance policy is the best option for these cases, but you also may want to look at an enhancement to the policy that would also cover any family members that drive the company car. Ferrera Insurance Agency will walk you through the best options for your specific situation.

Are there any options to extend the maximum limit of business auto coverage?

Adding a commercial umbrella policy to your insurance is beneficial for trucking companies or those with large fleets. It extends coverage beyond standard auto insurance to protect against large claims or liabilities that surpass your limits. This policy is cost-effective, reduces financial risk, and covers unforeseen liabilities, safeguarding your business assets. By incorporating an umbrella policy, you can focus on your business with reduced risk exposure.