• Facebook
  • LinkedIn
  • Twitter
  • (432) 362-8800
  • Contact
InSource Insurance Group
  • Our Services
    • Types of Insurance
      • Commercial Auto
      • Commercial Property
      • Cyber Insurance
      • Employment Practices Liability
      • General Liability
      • Inland Marine
      • Motor Truck Cargo Coverage
      • Pollution Liability
      • Professional Liability
      • Umbrella and Excess
    • Employee Benefits
      • Group Medical
      • Dental Insurance
      • Vision Insurance
      • Life Insurance
      • Long-Term Disability
      • Short-Term Disability
      • Executive – Key Man
    • Property and Casualty Insurance
      • Boiler and Machinery
      • Builder’s Risk
      • Commercial Insurance
      • Business Owners’ Policy
      • Workers’ Compensation
      • Energy Insurance
      • Personal Insurance
    • Insurance for the Oil and Gas Industry
      • Control of Well
      • Oil and Gas Lease Property (OLP)
      • Rig and Hull Insurance
      • Riggers Insurance
    • Surety Bonds
      • Oil and Gas Bonds
      • Bid Bonds
      • Other Surety Bonds
    • Risk Control Services
      • Health, Safety and Environmental
      • Safety Training
  • Testimonials
  • Industries
    • Construction Insurance
    • Manufacturing Insurance
    • Oil and Gas Insurance
  • About
    • Blog
    • Careers
    • Our Team
  • Locations
    • Odessa, Texas
    • Midland, Texas
    • DFW, TX
    • Tulsa, OK
  • Make A Payment
  • Menu Menu

What Does Commercial Auto Insurance Cover?

Commercial auto insurance is essential for businesses with vehicles—without it, an accident can significantly impact your financial well-being. Selecting the right plan for your organization is a critical process that requires careful research and strategizing. Keep in mind that a proper plan will offer comprehensive coverage for many types of cars.

Running a business is sophisticated, time-consuming, and always challenging. We’re here to keep business insurance simple. Keep reading to learn about commercial auto insurance and how to pick out the best policy for your company.

What Is a Business Auto Policy?

Commercial auto insurance is a type of coverage designed for businesses. The plan covers all vehicles for business, whether they are purchased for the business or a personal vehicle you use to conduct business.

Commercial auto insurance can cover liability coverage and collision coverage. A liability plan helps cover the costs for repairs and medical treatment for the other driver if your employee is involved in an accident. Collision coverage pays for repairs or medical services your employee requires following an accident.

You can use a policy to cover:

  • Food trucks
  • Dump trucks
  • Work vans
  • Delivery trucks
  • Forklifts and construction vehicles
  • Service utility trucks

Who Needs Commercial Auto Insurance?

You need a policy if you own a business that relies on commercial vehicles. Employees who drive for work-related assignments like sales calls or product delivery need coverage for personal injury protection. Self-employed or sole proprietors may require additional research to determine whether commercial or personal auto insurance suits their needs.

If you’re a sole proprietor unsure if a commercial or personal policy is the most beneficial, contact an insurance company and learn more about their offerings. Explain to the agent that you’re a business owner and describe how you plan to use the vehicle for business.

Before reaching out for guidance, consider:

  • Vehicle type and weight
  • What your current plan offers
  • How you use the vehicle for business, and how often
  • The amount of coverage you need based on business activity

Ask Commercial Auto Insurance Carriers About These Plans

There are three general categories of auto insurance policies for businesses. You can apply for a standalone policy or pursue an endorsement that modifies your existing policy. Here’s an explanation for each major business auto policy:

Commercial Auto

Standard commercial auto insurance applies to many types of vehicles, including cars, trucks, and vans that you or your staff use for business. If you or an employee inflicts injuries or property damage in an accident, your policy helps cover the costs up to the coverage limit.

Your policy covers three types of drivers:

  1. The named insured – The individual who took out the policy is insured regardless of whether they were involved in the accident.
  2. Permissive drivers – Anyone you have granted permission to operate the commercial vehicle is covered.
  3. Omnibus users – Anyone who can be considered liable for any accident or negligence perpetrated by you or your permissive drivers is insured.

Non-Owned Auto

Non-owned auto plans cover damage to another person’s vehicle, bodily injury claims that you caused to someone else, and expenses if people sue you for negligence. This policy applies to vehicles you don’t own but that are used by your employees to conduct business.

This insurance plan provides comprehensive coverage for the third party. Your hired and non-owned vehicles receive no assistance with medical bills if your staff suffers injury in an accident, and no liability coverage is provided when an accident occurs outside business hours.

Hired Auto

Hired auto insurance covers all trucks and cars your company borrows, rents, and leases. The policy helps pay for medical bills and third-party damage. You can also modify the plan with a physical damage endorsement for added protection.

Finding a solid commercial auto insurance plan can be time-consuming and overwhelming. InSource has over 80 years of experience helping businesses fulfill their coverage needs.

Our Commercial Insurance Approach

Consider These Endorsements to Modify Your Policy

There are many endorsements (also known as riders) you may add to your business auto policy to protect your workforce and business assets in the event of an accident or lawsuit. You can provide policies for contractors, employees, equipment when loading and unloading goods, and more. Here’s a brief explanation of a few of the most common riders:

Personal Injury Protection (PIP) and Medical Payments Coverage

Personal injury protection (PIP) and medical payments insurance help cover costs if you or your passengers are injured in an accident.

Uninsured Motorist

Uninsured motorist coverage assists with damages and medical fees if a third party involved in the accident is uninsured or underinsured.

Physical Damage Coverage

Physical damage is an umbrella policy that includes collision and comprehensive coverage types. The plan assists with repairs as long as the damage falls under a covered risk listed in the policy. To most business insurance policies, a collision is defined as a vehicle hit by another vehicle or an object. Comprehensive can be anything other than a collision, such as vandalism, wind, fire, or hail damage. You can add physical damage coverage to reinforce your existing plan.

Comprehensive Coverage

A comprehensive policy covers the cost of damage due to theft, inclement weather, vandalism, fire, and accidents involving wildlife. Ask your commercial auto insurance company about any exclusions to ensure you have a plan that encompasses as much as possible.

Emergency Roadside Insurance

This policy offers coverage for roadside assistance, including locksmithing, towing, car battery support, or flat tire service.

Personal Effects Insurance

Personal effects policies cover any damaged personal belongings you or your employees have.

Navigate Commercial Auto Insurance With InSource

Figuring out what your commercial auto insurance can cover is a robust process that requires comparing policies and reading plenty of guides before making a final decision. But with so many options, it’s easy to feel overwhelmed. The team at InSource Insurance Group has the experience and partnerships to help you find coverage that offers excellent protection for your business and employees.

We help you define your ideal commercial insurance coverage plan. Our team strives to provide you with a quote that delivers long-term security and offers the tools you need to address issues proactively.

Ready to secure the business auto policy you deserve? Reach out today.

Share This Post

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share on Reddit
  • Share by Mail

Related Postings

Two colleagues in formal wear working together to optimize trading strategy at corporate finance fund

How To Protect Your Money From Inflation

risk control services
Read more
December 15, 2022
https://insourceins.com/wp-content/uploads/2022/12/Two-colleagues-in-formal-wear-working-together-to-optimize-trading-strategy-at-corporate-finance-fund.jpg 1250 2000 AbstraktMarketing https://insourceins.com/wp-content/uploads/2022/02/InSource-Legacy-Logo-Lockup_InSource-Legacy-Lockup-Logo-Horizontal-300x113.png AbstraktMarketing2022-12-15 09:00:482022-12-22 11:02:44How To Protect Your Money From Inflation

What Are the Benefits of Riggers Liability Insurance?

oil and gas
Read more
September 15, 2022
https://insourceins.com/wp-content/uploads/2022/09/Agent-man-presentation-and-consulting-car-insurance-detail-to-customer-and-waiting-for-his-reply-to-finish-1.jpg 1250 2000 Valeriia Mamleeva https://insourceins.com/wp-content/uploads/2022/02/InSource-Legacy-Logo-Lockup_InSource-Legacy-Lockup-Logo-Horizontal-300x113.png Valeriia Mamleeva2022-09-15 09:00:042022-12-22 10:53:33What Are the Benefits of Riggers Liability Insurance?

Combat the Great Resignation With Your Employee Benefits Package

Employee Benefits, oil and gas
Read more
August 23, 2022
https://insourceins.com/wp-content/uploads/2022/08/person-looking-at-insurance-documants.jpg 1250 2000 Valeriia Mamleeva https://insourceins.com/wp-content/uploads/2022/02/InSource-Legacy-Logo-Lockup_InSource-Legacy-Lockup-Logo-Horizontal-300x113.png Valeriia Mamleeva2022-08-23 09:00:532022-12-22 10:53:34Combat the Great Resignation With Your Employee Benefits Package

Categories

  • Cyber Insurance
  • Employee Benefits
  • Insurance
    • Life Insurance
    • Types of Insurance
    • Well Insurance
    • Workers Compensation
  • News
  • oil and gas
  • risk control services

Contact Us

"*" indicates required fields

Recent Blogs

  • Do You Need Pollution Insurance?
  • What Does Commercial Auto Insurance Cover?
  • How To Protect Your Money From Inflation

Get In Touch

Phone:
(432) 362-8800 – Odessa, TX
(432) 682-2333 – Midland, TX

(432) 271-5550 – Big Spring, TX
(682) 498-8370 – Granbury, TX
(806) 702-4999 – Lubbock, TX
(918) 984-1110 – Tulsa, OK

Office Addresses:
5108 Wayland Dr.
Odessa, TX 79762

901 W. Wall St. Suite 200
Midland, TX 79701

Services

Types Of Insurance

Employee Benefits

Property & Casualty Insurance

Insurance for Oil & Gas Industry

Surety Bonds

Risk Control Services

Website by Abstrakt Marketing Group © 2022 - powered by Enfold WordPress Theme
  • Sitemap
  • Privacy Policy
  • Terms of Use
  • Facebook
  • Twitter
  • LinkedIn
How To Protect Your Money From InflationTwo colleagues in formal wear working together to optimize trading strategy at corporate finance fundLarge fossil fuel power plant station emission causing air pollution_Do You Need Pollution Insurance?
Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Accept settingsHide notification only