Commercial Auto Insurance (also called business auto insurance) is designed to protect a business in the event of accident, theft, injury and/or other damages involving business vehicles. Florida commercial auto insurance also covers employees driving their own vehicles or rented vehicles for business purposes. There are different types of coverage for commercial autos, which depend on the business being operated and who owns the vehicles being used.
Privately owned Florida corporations, partnerships and sole proprietorships that typically operate everyday vehicles such as pickup trucks, vans, cars and SUVs are eligible to purchase business auto insurance. If you work in the towing services or trucking industries, you will need different coverage designed specifically for your industry.
Like with individual auto insurance, Florida commercial auto insurance policies offer several types of coverage, such as:
- Liability (bodily injury liability insurance and property damage liability insurance
- Property damage liability (PD)
- Comprehensive (fully comprehensive insurance coverage)
- Medical payments coverage, and
- Uninsured or under-insured
Most policies have additional coverage available for glass replacement, towing, labor, and rental reimbursement. These are low-cost policy enhancements worth considering.