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Commercial Auto Insurance

Companies that use vehicles to conduct everyday business must purchase commercial auto insurance with at least the minimum liability coverage required in Florida.

Contact Affiliated Agency of Ocala to learn more about tailoring a commercial auto policy to meet your company’s needs.

What Is Commercial Auto Insurance?

Commercial auto insurance can help cover the costs of an auto accident caused by your company’s driver. Your commercial auto policy may include liability, collision, comprehensive, uninsured/underinsured motorist and medical coverage.

Our agency can help you review your current coverage and help protect you from the financial consequences of a car accident.

Who Needs Commercial Auto Insurance?

Any Florida company that uses vehicles for everyday business needs commercial auto insurance that conforms to Florida’s requirements.

Depending on the type of vehicles your business uses, you may also be subject to Federal Motor Carrier Safety Administration (FMCSA) rules. Your agent can help you understand the minimum standards for commercial auto insurance as they apply to your company’s situation.

When Do I Need Commercial Auto Insurance?

As soon as you know that your company requires vehicles to conduct business, you need commercial auto insurance. If you purchase vehicles for business use, your commercial auto insurance policy must include personal injury protection (PIP) and property damage liability before registering those vehicles with the state of Florida.

What Does Commercial Auto Insurance Cover?

Depending on your situation, your agent may recommend that you purchase a variety of commercial auto insurance coverages, such as the following:

  • Liability coverage may provide repair costs for the other person’s vehicle or property. It also can provide coverage for the legal fees associated with a lawsuit for personal injury.
  • Comprehensive coverage can provide complete protection for damages unrelated to an accident, such as losses related to theft, floods, vandalism and fires.
  • Collision coverage may cover vehicle repair costs if an insured vehicle collides with another vehicle or object. Collision insurance may also help replace a totaled vehicle.
  • Personal injury protection (PIP) may provide coverage for passengers and the driver when there is a need for medical care resulting from an accident.
  • Uninsured motorist coverage provides bodily injury coverage if an uninsured driver hits a business’s vehicle and injures its driver and passengers. Some uninsured motorist coverage also covers damage to the company vehicle.
  • Underinsured motorist coverage provides coverage if an underinsured driver hits a business’s vehicle and injures its driver and passengers. Some underinsured motorist coverage also covers damage to the company vehicle.

Policy endorsements may be available to your business to help round out your policy. Add-ons may include roadside assistance coverage, towing reimbursement, hired non-owned coverage, rental reimbursement and gap coverage for auto loans or leases.

How to Get Commercial Auto Insurance

Contact Affiliated Agency today to get a quote for the commercial auto insurance policy you need.

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