Commercial Auto insurance covers a combination of vehicles – cars, trucks, vans, etc. Coverage provides bodily injury liability and property damage. Hired & Non Owned Auto symbols are often added to Commercial Auto insurance policies, as often times, employees of the company are using their own vehicles on company time. In the case of some industries where sales reps make up a large portion of the employees, this exposure could be rather significant. Auto coverage can be provided for an individual vehicle, a whole auto fleet, or can sometimes be insured as part of a Package policy, where it can be covered alongside PL/GL and other lines of coverage.
Claim Examples
An employee who is a homecare aide is taking an elderly patient to a doctor’s appointment in the employee’s vehicle. The employee is driving on a major road and runs a red light and collides with two other vehicles. Once the employee’s personal auto insurance limits are exhausted, the company’s Hired & Non Owned Auto coverage steps in and provides defense and indemnity coverage for the remainder of the claim.
A severe storm passes through the area and a company vehicle is flooded, and the adjuster deems the vehicle salvaged. This scheduled vehicle is covered under the commercial insurance policy for this covered peril.
Coverage Features
- $1,000,000 Combined Single Limit
- Coverage for Passenger Vans acceptable
- Flexible Payment Terms
- Hired & Non Owned Auto Coverage
- And much more!
Our insurance agency serves clients in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, North Carolina and surrounding states. We pride ourselves on understanding your industry and providing simple solutions for your insurance program.
Contact us today and find out how we can help reduce your cost, enhance your coverage, or improve your peace of mind!