Your business may own and operate vehicles for a variety of reasons. Putting vehicles on the road will expose your business to accident risks and other liabilities. To protect your business in case a risk ever becomes a reality, you need commercial auto insurance. Take a closer look at some of the coverage your business’s commercial auto policy may provide.
Coverage Within Commercial Auto Policies 
Though all commercial auto insurance policies vary, they typically can offer common types of coverage. Commonly available coverages include:
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Auto liability coverage—When company vehicles are involved in accidents, they may cause property damage or injuries to other parties (e.g., other drivers). Liability coverage can help compensate those parties for their losses. It may also cover the business’s legal expenses if it gets sued because of the accident.
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Collision coverage—After a wreck, company vehicles may need to be repaired or replaced. Collision coverage can help pay these costs.
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Comprehensive coverage—Comprehensive coverage can help repair or replace vehicles when hazards other than collisions cause damage. It may cover damage or loss caused by fires, theft, vandalism, hail, floods and other perils.
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Uninsured motorist (UM) coverage—A driver who doesn’t have insurance may hit one of your business’s vehicles and injure the drivers and passengers traveling in it. If that’s the case, uninsured motorist coverage may help the business cover the resulting injury costs. In some cases, coverage may also pay for the damage to the company vehicle.
In addition, you may be able to add other types of coverage into your business’s commercial auto policy, such as:
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Towing coverage
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Medical payments (Med Pay)
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Rental reimbursement coverage
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Gap coverage
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Liability coverage for hired and non-owned vehicles
What’s more, you can generally choose the coverage limits, deductibles and other terms that can make a commercial auto insurance policy a good fit for your business’s needs. However, most commercial drivers are also typically required to carry at least a minimum level of coverage. When inquiring about coverage, ask your agent how to set up your policy to meet both any coverage requirements and your business’s individual commercial auto insurance needs.
Connecticut businesses trust Newberry Insurance Group to help them get appropriate commercial auto insurance. To learn more, speak to one of our agents today.