-
Liability Insurance For Commercial Vehicles
Businesses have a lot of assets to protect. That's why so many depend on commercial vehicle liability insurance to help shield their organization from potentially devastating losses.What is Commercial Auto Insurance?
This protection covers the financial consequences caused by you or a company employee when driving a vehicle in a work capacity.
Commercial auto liability insurance comes in two primary forms:
- Bodily injury: Deals with the costs associated with human injuries.
- Property damage: Deals with the expenses associated with repairing or replacing property.
Liability coverage doesn't pay for damages caused to your own company's property (such as company cars or trucks) or injuries to your employees. Instead, it pays for the damages done to other people or properties.
Commercial auto insurance can cover an assortment of:
- Commercial vehicle types (such as cars, vans, and trucks).
- Driver backgrounds (clean driving record, inexperienced, etc.).
- Occupations (such as CDL holders, floral delivery drivers, couriers, and snowplow drivers).
Why Buy Commercial Auto Insurance?
In most states, you're required to have this type of auto insurance for your business. The coverage limits vary by state, but often equal the limits set for personal auto liability insurance.
Depending on the size and financial stability of your company, one serious accident caused by an employee in a work capacity can put your company in jeopardy―especially if there's a lawsuit involved. Commercial insurance can help safeguard your business from this threat.
Even if you have a one-person business that involves the transportation of goods or people, you likely need the protection of commercial liability auto insurance.
How Much Liability Coverage is Enough?
That's a question you should discuss with your insurance agent or company, or some other trusted source who is familiar with your business. However, many experts recommend you have at least $500,000 of liability coverage per vehicle.
Again, though, this varies with the nature of your business, your assets, and how easily your business can absorb losses. Keep in mind, though, insurance protection becomes relatively cheaper the higher it goes. In other words, a million dollar policy won't be twice as expensive as a $500,000 policy.
And, you could purchase an umbrella policy―which is fairly inexpensive―for additional protection after your commercial auto policy leaves off.
In This Section
Other Topics in This Section
- Property Damage Coverage For Commercial Vehicles
Guide To Property Damage Coverage For Commercial Vehicles And Commercial Drivers. Learn More On Auto Insurance Policies That Cover Physical Damage For Commercial Vehicles.
- Business Auto Insurance
Online Guide To Business Auto Insurance. Determine If You Need Commercial Auto Insurance For Your Business Whether You Employ Commercial Drivers Or Not. We Cover Common Car Insurance Questions And More.
- Bodily Injury Coverage For Commercial Vehicles
Learn More On Bodily Injury Coverage And Commercial Auto Insurance. Get Online Info Regarding Personal Injury And Car Insurance For Commercial Drivers And Those With A CDL.
- Physical Damage Insurance For Commercial Vehicles
Guide To Physical Damage Insurance For Commercial Vehicles. Find Online Info On Commercial Auto Insurance And Collision Coverage. Auto Accidents Can Be Pricey Without Adequate Car Insurance.
- Comprehensive Insurance For Commercial Vehicles
Learn More On Comprehensive Insurance For Commercial Vehicles. We Simplify Commercial Auto Insurance And Comprehensive Coverage. Prevent Auto Accident Headaches With Adequate Car Insurance.
- Uninsured Motorist Insurance For Commercial Vehicles
Protect Commercial Vehicles With Uninsured Motorist Coverage. Learn More On What Uninsured Motorist Insurance Covers If There Is An Auto Accident Involving Uninsured Drivers.
- Personal Injury Protection For Commercial Drivers
More On Personal Injury Protection For Commercial Drivers. We Cover Commercial Auto Insurance, Personal Injury, Liability Insurance And How To Cover Commercial Vehicles.
- Medical Payments Coverage For Commercial Drivers
Info On Medical Payments Coverage For Commercial Drivers. Get More On Commercial Auto Insurance Policies That Cover Personal Injury And Medical Bills From An Auto Accident.
- Pickup Truck Insurance
Learn More On Pickup Truck Insurance And Commercial Auto Insurance. Some Business Needs Include Auto Insurance And Truck Insurance For Commercial Drivers And Other Employees.
- Van Insurance
Learn Who Needs Van Insurance. This Online Guide To Car Insurance For Vans, Commercial Drivers And Other Business Purposes Makes Commercial Auto Insurance Easy To Understand.
- Snow Plow Insurance
Learn More On Snow Plow Insurance And Commercial Auto Insurance For Your Business. Commercial Drivers And Business Owners Can Get Info Online On Covering Snow Plows With Adequate Insurance.
- Box Truck Insurance
Guide To Box Truck Insurance. Info On Who Needs Box Truck Coverage. Private Carriers, Truckers And CDL Drivers Can Learn More On Liability Insurance And Physical Damage Coverage Online.
- Dump Truck Insurance
Info On Dump Truck Insurance For Operator Owners, Small Fleet And Large Fleet Trucking Companies. Learn More On Commercial Auto Insurance, Liability Insurance And Physical Damage Coverage.
- Tow Truck Insurance
Learn Who Needs Tow Truck Insurance. Get Online Info Covering Commercial Auto Insurance, Liability Insurance And Physical Damage Coverage. Truckers And Commercial Drivers Find Answers Here.
- Underinsured Motorist Insurance For Commercial Vehicles
Guide To Underinsured Motorist Insurance For Commercial Vehicles. More On Commercial Auto Insurance And Underinsured Motorist Coverage For Auto Accidents With Underinsured Drivers.
Insurance Resource Center
-
Shop For Insurance Online
-
Insurance State Requirements
-
Auto Insurance Center
- Auto Insurance Policy Basics
- Top Reasons To Buy Insurance Coverage
- Auto Insurance Minimum Requirements
- Buying Car Insurance Basics
- Buying Car Insurance For Teens
- Teen Guide To Car Insurance
- How To Get Car Insurance Coverage With A Learners Permit
- First Time Drivers Guide To Car Insurance
- How To Save Money On Teen Car Insurance
- Common Driving Mistakes Teens Make
- Safe Driving Tips For Teenage Drivers
- Safe Cars For Teen Drivers
- How To Add Teens To Your Auto Insurance Policy
- Tips for Car Insurance Policy Holders
- Types Of Auto Insurance Coverage
- Buying Car Insurance For Seniors
- Senior Guide To Car Insurance
- Extended Insurance Coverage Guide
- How To Get The Most Out Of Your Auto Insurance Coverage
- When To Buy Rental Car Insurance
- How To Cover Vandalism Through Car Insurance
- How To Cover Auto Theft Through Car Insurance
- How To Cover Windshield Repair Through Car Insurance
- How To Cover Accidents With Wildlife Through Car Insurance
- How To Cover Lost Wages Through Car Insurance
- How To Cover Medical Expenses Through Car Insurance
- How To Cover Pet Injuries Through Car Insurance
- How To Avoid Auto Insurance Non Renewal
-
Commercial Auto Insurance
- Commercial Auto Insurance Requirements
- Commercial Auto Insurance State Requirements
- Federal Motor Carrier Insurance
- CDL Federal Requirements
- Commercial Insurance Filing
- State Commercial Insurance Filings
- Federal Truck Filings
- Intrastate Truck Filings
- Interstate Transportation Filings
- Certificate Of Insurance
- Uniform Carrier Registration Plan
- Types Of Commercial Auto Insurance
- Commercial Vehicle Insurance Discounts
- Multiple Policy Discount For Commercial Vehicles
- Paid In Full Commercial Vehicle Insurance Discount
- Commercial Business Experience Discount
- Commercial Auto Insurance Quotes
- Commercial Auto Insurance Articles
- Who Needs Commercial Auto Insurance
- Types Of Commercial Vehicles To Insure
- How To Save Money On Commercial Auto Insurance
- What You Need For A Commercial Insurance Quote
- Types Of Business Vehicle Insurance
- How To Compare Commercial Insurance Quotes
- How To Get The Most Out Of Your Commercial Auto Insurance Coverage
- Types Of Commercial Trailers To Insure
- Online Commercial Auto Insurance
-
Motorcycle Insurance
- Motorcycle Insurance Minimum Requirements
- Types Of Motorcycle Coverage
- Accessory Coverage For Motorcycles
- Comprehensive Physical Damage Insurance For Motorcycles
- Collision Insurance For Motorcycles
- Bodily Injury Liability Insurance For Motorcycles
- Property Damage Liability Insurance For Motorcycles
- Medical Payments Insurance For Motorcycle Riders
- Personal Injury Protection Insurance For Motorcyclists
- Uninsured Motorist Coverage For Motorcyclists
- Underinsured Motorist Coverage For Motorcyclists
- Motorcycle Roadside Assistance
- Motorcycle Insurance Quotes
- Motorcycle Insurance Rates
- Motorcycle Insurance Discounts
- Online Motorcycle Insurance
- Motorcycle Insurance Articles
- Motocross Insurance
- Dirt Bike Insurance
- Moped Insurance
- Trike Insurance
- Scooter Insurance
-
Auto Insurance Policy Basics
- Auto Insurance Deductible
- Auto Insurance Limit
- Auto Insurance Premium
- Auto Insurance Quote
- Auto Insurance Rates
- Motor Vehicle Report
- Proof Of Financial Responsibility
- Auto Insurance Endorsement
- Auto Insurance Exclusion
- Auto Insurance Rating
- Auto Insurance Code
- Auto Insurance Discounts
- Auto Insurance Glossary
- How To Obtain Proof Of Insurance
- How To Change Auto Insurance Providers
- Factors That Affect Insurance Rates
- How To Cancel An Auto Insurance Policy
-
Insurance Claims
- When An Accident Happens
- Accident Loss
- Auto Accident Payment Recovery
- Total Loss
- Proof of Loss
- Subrogation
- Actual Cash Value
- Lost Wages
- Salvage Vehicles
- How To File An Accident Report With The Police
- Evaluating Personal Injury In Auto Accidents
- First Steps Following A Personal Injury Auto Accident
- When To Seek Medical Attention For Personal Injury
- Protection Against Auto Insurance Fraud
- How To Handle Staged Car Accidents
- Types of Insurance Claims
- Bodily Injury Claims
- Property Damage Claims
- Windshield Claims
- Third Party Insurance Claims
- About Car Insurance Claims
- How Car Insurance Claims Affect Your Auto Insurance Policy
- When To Cover Personal Injury With Auto Insurance
- How Much Personal Injury Protection To Buy
- Supplementing Health Insurance With Personal Injury Protection
- Pain And Suffering In Personal Injury Claims
- Statute Of Limitations And Personal Injury
- Negligence And Determining Legal Liability
- Auto Insurance Claim Settlements
- Auto Insurance Settlements Involving Personal Injury
- Proving Fault In An Auto Accident Personal Injury Case
- Compensation For Auto Accident Personal Injury Claims
- Tips For Settling A Motor Vehicle Accident Claim
- Factors That Affect Compensation In Personal Injury Claims
- Legal Representation For Insurance Claims
- When To Hire A Personal Injury Attorney
- When To Hire A Lawyer
- Personal Injury Attorney Fees
- How To Choose Personal Injury Lawyers
- Benefits of Hiring A Personal Injury Attorney
- What To Submit To A Personal Injury Attorney
- Processing Car Insurance Claims
- How Car Insurance Companies Handle Claims
- How Car Insurance Companies Investigate Accident Claims
- How To Document Auto Accident Damage
- When To Report An Auto Accident To The DMV
- Tips On Documenting Personal Injury Expenses
- Paying Medical Bills Before Receiving Personal Injury Compensation
- Wage Loss In Personal Injury Auto Accident Cases
- How To File A Loss Of Wages Auto Claim
- Stages Of A Personal Injury Case
- Filing Car Insurance Claims
Shop Online for Insurance
We put a lot of effort into making our content helpful & accurate. Please let us know if you see something that isn't clear or correct; we are here to ease any frustrations you may have while navigating DMV topics. We are not a government agency, please reach out to your local DMV, insurance agent, or respective professional for further assistance on specific situations.
