Commercial Auto Insurance
Commercial Auto (Owned Auto) Insurance
Accidents can happen anytime! However, our personalized commercial auto insurance protects you and your vehicle against financial losses incurred from accidents while providing:
Uninsured/
underinsured motorist coverage
Insures you against personal injuries and damage involving a company vehicle in case whomever caused the accident is unable to cover the full cost of damages.
Medical Payments
Coverage pays for medical expenses if employees and passengers are injured in a company-owned vehicle, regardless of who is at fault.
Collision Coverage
Helps pay for the cost of repairing or replacing your company vehicle if it’s damaged in an accident, regardless of who was at fault.
Comprehensive Coverage
Covers the costs of non-collision damages such as vandalism, theft, flood, or fire.
Towing and Labor Coverage
Covers the cost of roadside assistance for company-owned vehicles.
Loading and Unloading Coverage
Insures against the damage of equipment and materials during transport, loading, or unloading.
Bobtail Coverage
Is recommended when you’re using tractors without a trailer. It usually covers the insured vehicle at all times, even during non-work-related uses.
Personal Injury Protection (PIP) Coverage
Helps cover necessary expenses after a car accident, such as medical bills. It is strongly recommended, but not required.
Hired and Non-Owned Auto (Delivery) Insurance
Whether you or your employees use rented vehicles or your employees use their vehicles occasionally to complete business operations, you should have the right insurance coverage to ensure you both are covered while on the roads. Our hire and non-owned auto insurance protect you and your employees from at-fault accidents while paying for:
- Third-party bodily injury and property damage
- Lawsuits
Garagekeeper’s and Garage Liability Coverage
Differentiating Between Garage Keepers Liability and Garage Liability Insurance Policies Many small business owners, from repair shops to body shops, are often confused about garage keepers liability and garage liability insurance policies. Although they may appear similar, they are not the same. For starters, their protection and coverage differ in several ways. So, what sets them apart?
Garage keepers is a unique policy that safeguards a client's vehicle in your custody from four main perils: fire, theft, vandalism, and collision. On the other hand, garage liability coverage protects your business from general liability issues that may arise during your daily garage operations. It is typically a blend of commercial auto insurance and general liability insurance and covers the following types of damages: third-party injuries, third-party property damage, liability costs, and structural repair.
To simplify, garage keepers shields the customer's vehicle from unexpected damages (other than faulty workmanship), while garage liability insurance protects the business from damages to third parties that occur along the line of duty.
Garagekeepers Liability
If you're running an auto repair business, it's important to have Garage Keepers Liability insurance to safeguard your clients' vehicles (cars, trucks, vans, and motorcycles) that are being serviced or repaired. In certain states, like Virginia or Texas, it's known as "storage location insurance." This policy provides property insurance coverage for your client's car, shielding it from potential hazards like fire, theft, vandalism, and collision.
Because the type of garagekeepers insurance you select could impact your business, clients, and reputation, you need to be able to make an informed decision. Typically, garage keepers coverage provides three primary coverage options, including:
- Legal liability coverage – Legal liability coverage is the most common type of garage keepers insurance coverage. It only covers losses when an employee is legally liable for the damage to the customer’s vehicle, whether from negligence or mistake.
- Direct primary – This type of garage keepers insurance makes sure that the client’s vehicle is covered regardless of who’s liable or at fault. It allows the garage owner to take full charge and responsibility for any vehicle that is kept in the shop. This provides customers with the peace of mind that their vehicle will be guarded no matter what happens.
- Direct excess – A less common but slightly cheaper alternative, direct excess functions similarly to a direct primary coverage policy, except for the fact that if the insured isn’t liable, the coverage would only pay in excess of any amount that is collectible under the owner’s standard auto policy.
Garage Liability
If you own a small business that operates within the automotive industry, customers not only trust you to fix and handle their vehicles, but they also expect that you keep their beloved property safe while it’s under your supervision. However, accidents happen, which is why auto businesses purchase garage liability insurance.
Typically, a garage liability insurance policy will help pay for the following damages:
- Third-party injuries – If someone is hurt in your business garage (not including employees), you might be considered legally liable for their injury and held responsible for their medical bills.
- Third-party property damage – This protects you if you or an employee damages someone else’s property.
- Product liability – If you make or sell items in your shop that damage a customer’s car, they could blame you for selling a faulty product.
- Liability claims – Your shop is vulnerable to various other liabilities resulting from general business operations, including discrimination or employee dishonesty.
