Our Expertise, Your Peace Of Mind
If you own a business and rely on vehicles for your operations, commercial auto insurance is absolutely essential to protect your assets — employees, goods, and business. Boyd Insurance & Investments offers comprehensive coverage that helps lower liabilities and increase protection. Let us help make your decision easier and the opportunity to secure your business.
What is Commercial Auto Insurance
Commercial auto insurance is a type of insurance policy specifically designed to provide coverage for vehicles used for business purposes. This includes a wide range of vehicles, such as cars, trucks, vans, and specialty vehicles, that are owned, leased, or operated by a business or used by employees for work-related activities. The primary purpose of commercial auto insurance is to protect businesses from financial losses resulting from accidents, injuries, property damage, or other liabilities that may arise while using commercial vehicles.
In Florida, where commercial auto insurance is required by law, it’s even more crucial to have the right coverage. Commercial auto insurance agents can help guide you through the process of selecting the best policy for your specific needs. Having adequate insurance provides financial protection in case any accidents or damages occur while using company vehicles.
What Protection Does Commercial Auto Insurance Cover
Commercial auto insurance allows businesses to focus on their operation without worrying about vehicle risks and liabilities. It covers not only collisions but also theft, vandalism, and other unforeseen incidents that may cause damage to your vehicles or property. Additionally, commercial auto insurance offers liability coverage if someone files a claim against your business due to an accident caused by one of your drivers.
So, what exactly does commercial auto insurance cover? Here are four key areas that this type of insurance typically provides coverage:
Liability Coverage
This usually includes business protection from legal obligations if their vehicle causes bodily injury or property damage to others.
Collision Coverage
This coverage helps pay for repairs or replacement of your vehicle in case of damage in a collision with another vehicle or object.
Comprehensive Coverage
This helps cover damages caused by non-collision events such as theft, vandalism, fire, or natural disasters, giving you peace of mind.
Medical Payments Coverage
Commercial auto insurance helps cover accident-related medical expenses, like doctor’s visits or medical bills for you and your passengers.
Secure Your Business, Protect Your Vehicles, Get Comprehensive Coverage
Accidents happen despite your best effort, and negligence is usually unpredictable and random. Commercial auto insurance plays a crucial role in providing security and stability to businesses. We offer a wide range of insurance products, from commercial to personal, to the residents of Florida, which are all tailored to increase protection and reduce liabilities. Boyd Insurance & Investments offers carefully curated insurance quotes for your needs.
Benefits of Commercial Auto Insurance
When it comes to running a business, vehicles—whether leased, rented, or owned—are crucial for various tasks. If you’re transporting materials and tools to worksites, hauling goods for deliveries, or driving to meet clients—companies of all kinds rely on safe and functioning vehicles to serve customers and generate profit. It is important to protect your drivers and vehicles through proper insurance coverage. That’s why many organizations turn to commercial auto insurance, which can provide the following benefits:
Liability Coverage
Collisions don’t just impact vehicles—they can cause expensive damage to nearby property and valuables. Auto insurance can provide a range of protection if and when you damage another person’s vehicle or property.
Physical Damage and Collision Protection
Commercial auto insurance can reimburse policyholders for vehicle repairs they may need following a crash, regardless of who is at fault. Many policies even provide coverage for uninsured and underinsured motorists.
Medical Payment and Lawsuit Coverage
Collisions often result in bodily harm and expensive medical costs for you and those involved in an accident. These insurance policies protect medical expenses, lost wages, and even legal expenses.
Protection Beyond Personal Auto Insurance Policies
Without commercial auto insurance, companies would have to pay out of pocket should employees get in an accident while making deliveries, picking up supplies, or using a vehicle to perform essential business functions.
Optional Add-ons for Even More Security
Beyond standard protection for collisions, auto insurance policies can often be customized to meet your needs — these add-ons include roadside assistance coverage, new vehicle replacement cost coverage, towing reimbursement, rental reimbursement and gap coverage for auto loans or leases.
How Much Does Commercial Auto Insurance Cost
When it comes to choosing the right commercial auto insurance broker for our business, it’s important to find someone who understands our unique needs and provides personalized service. This ensures that we receive tailored advice and assistance throughout the process without feeling overwhelmed. Securing the financial future of our business relies on understanding the key factors that impact the cost of protecting our valuable company vehicles.
- Driving records
- Make and model of vehicles
- Coverage limits and deductibles
- Number of vehicles being insured
- Vehicle’s weight
- Claims history
FAQS and Blogs
Making an informed decision about vehicle insurance includes researching all your alternatives and determining what’s best for your needs, given the many factors to consider. Read through our FAQs to help you make smart choices.
No, personal auto insurance cannot be used for business vehicles. Commercial auto insurance is necessary to protect your business assets and cover potential liabilities associated with using vehicles for business purposes.
Commercial auto insurance covers a wide range of vehicles used for business purposes, including cars, trucks, vans, and even trailers. It’s crucial to have this coverage to protect yourself from potential financial losses in case of accidents or damage.
Yes, commercial auto insurance covers both owned and leased vehicles. It’s crucial to have this coverage because accidents happen, and it ensures your freedom by protecting you from financial burdens that could restrict your ability to operate your business.
Yes, there are specific coverage options for commercial vehicles used in food delivery services. These options can protect against accidents, theft, and damage to the vehicle or goods being transported, providing peace of mind and financial security.
To file a claim with commercial auto insurance, we need to gather all relevant information about the incident, such as date, time, and location. We then contact your insurance provider and provide them with the details for evaluation and processing.
Partner With Top-Rated Commercial Auto Insurance Agents in Florida
As an entrepreneur, we value our customers and business, so it is important to have the best commercial auto insurance. The last thing we want is to lose everything we’ve worked so hard for due to legal claims against our businesses. With comprehensive coverage in place, we can rest easy knowing that if the worst were to happen, we would have the financial backing necessary to get back on our business operations. Boyd Insurance & Investments helps empower your investments and assets against potential lawsuits and damages. Our professional team will take the time to understand your business goals and provide smart solutions to protect yourself and your business.
