What Does a Commercial Auto Policy Cover (and What’s Not Included)?

Commercial auto insurance may help handle the financial impact of accidents and unexpected events involving your business vehicles. But like any insurance, this coverage has limits.

What Is Covered by Commercial Auto Insurance?

Commercial auto insurance often includes various coverage that may address different risks on the road:

• Liability coverage may cover bodily injury or property damage to others when a driver representing your business is at fault in an accident.

• Collision coverage may cover damage to your business vehicle due to a collision with another vehicle or object.

• Comprehensive coverage may cover your vehicles from damage caused by events other than collisions, such as fire, theft or severe weather.

• Uninsured/underinsured motorist coverage may provide coverage when your business vehicle is involved in an accident with an at-fault driver who doesn’t have enough or any insurance.

Your agent may recommend additional endorsements and policies, including roadside assistance, auto glass coverage, gap insurance, cargo insurance and more.

What Are Common Exclusions?

While commercial auto policies cover many situations, they don’t apply to everything. Intentional damage or illegal activities, wear and tear, and maintenance issues are standard exclusions. Your agent can help you understand your company’s commercial auto insurance coverage.

Secure a Policy Today

Lakewood Insurance in Dallas, Texas, offers professional guidance to help you find appropriate commercial auto insurance coverage. Contact us today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.