Commercial auto insurance is necessary for any company that uses vehicles in the course of business. So, if you or any of your employees use a car or truck to make deliveries or carry equipment, then you are required by the state of Illinois to maintain commercial auto insurance. Many new business owners are not aware of this and end up losing time and money at the end of the day.
Commercial auto insurance policies consist of four basic types of protection:
Liability coverage (bodily injury and property damage) protects you if your driver is at fault in the accident. It covers accident related injuries and vehicle damage for the other party.
Medical payments coverage pays medical bills for injuries from the accident that your driver and passengers in your company vehicle sustained.
Collision coverage pays the cost of repairs if your company vehicle was involved in the accident and damaged, whether it was your employee’s fault or not.
Comprehensive coverage pays for the damage caused by uncontrollable factors such as storms or vandalism.
Roadside assistance and Rental coverages might be available. Check with your agent.
Hired/Non-owned Auto Liability
Are you renting cars or are your employees using their own vehicles? This particular coverage provides business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired), or a non-owned vehicle (employee using their own vehicle on company business). Often this coverage can be added inexpensively to commercial auto policy.
Use of Personal Vehicles
Insurance policies for privately owned vehicles may not cover damage to your privately owned car or truck when it is used for business, even home cosmetics, jewelry sales or a pizza delivery business.
Every business is unique – talk to us how to get the best commercial auto insurance, service, price and value. Call at 708-433-7777!