Commercial Auto Insurance

Navigating the world of insurance can be a complex task, but when it comes to protecting your business, it’s crucial to understand the intricacies. Commercial auto insurance is one type of coverage businesses may need to consider. This coverage can financially safeguard businesses from potential financial losses associated with vehicle-related incidents. Whether you’re a small business owner with a single vehicle or a large corporation with a fleet of trucks, commercial auto insurance is an investment that can help steer you clear of rough financial speedbumps.

What Is Commercial Auto Insurance?

Commercial auto insurance offers liability and physical damage protection for vehicles used for business purposes, such as cars, trucks and vans. Businesses using vehicles for their operations should consider getting commercial auto insurance to financially protect their drivers, vehicles and cargo. Commercial auto insurance is generally a legal requirement in most states, including Utah. Typical professions that purchase commercial auto insurance include contractors, delivery companies, transportation services, food services and nonprofit organizations.

What Does Commercial Auto Insurance Cover?

Commercial auto insurance typically offers the following coverage:

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Uninsured/underinsured motorist coverage

However, policies are customizable and can be tailored with additional coverage to suit your operational needs.

Commercial Auto Insurance vs Personal Auto Insurance

The main distinction between commercial auto insurance and personal auto insurance is based on vehicle ownership; business vehicles do not qualify for personal insurance. If your business owns a vehicle, it needs to be covered by commercial auto insurance.

On the other hand, personal auto policies protect individuals, their personal assets and their families from financial hardships related to auto accidents. Commercial auto insurance typically offers higher liability limits than personal policies, making it suitable for business vehicles.

Commercial Auto Insurance Companies

Contact Arches Insurance to discuss your commercial auto insurance. We can offer coverage recommendations tailored to your organization and vehicle usage.