Protect Your Commercial Vehicles
Being aware of what type of insurance a business needs is important, and deciding whether your business even requires a commercial auto policy can be challenging. We can help you assess your needs and evaluate your options.
What is Commercial Auto Insurance?
Vehicles used in conducting business, as opposed to those strictly for personal use, are typically insured under a commercial auto insurance policy, which protects the assets of a company from claims. A commercial auto insurance policy has different coverages that are designed to address particular business needs.
What Vehicles are Covered by Small Business Car Insurance?
Small business car insurance protects a wide range of vehicle types. Just about any kind of vehicle you drive or trailer you pull can be covered, including:
- Pickup trucks
- Food trucks
- Truck tractors
- Emergency vehicles
- Delivery/cargo vans
- Tow trucks
- Passenger vans
- Box trucks
- Flatbed trucks
- Dump trucks
- Dry van trailers
- Refrigerated trailers
What Does Commercial Auto Insurance Cover?
check Bodily Injury Liability Coverage
This coverage provides payment in cases of bodily injury or death resulting from an accident for which you are at fault. This may also include legal defense expenses depending on the type of policy purchased.
check Property Damage Liability Coverage
If your vehicle accidentally causes damage to another person’s vehicle or property, this coverage can protect you. That can include legal defense expenses depending on the type of policy purchased.
check Medical Payments, No-Fault, or Personal Injury Coverage
This coverage provides payment for any medical expenses that may arise due to an employee or a passenger traveling in your vehicle, regardless of who is at fault in an accident.
check Uninsured Motorist Coverage
This coverage provides payment for any medical expenses, or in some cases property damage, that may have been caused by a hit-and-run driver or an uninsured driver. Underinsured motorist coverage (when the at-fault driver has insurance but not sufficient insurance to cover the damage caused) may also be included depending on the type of policy.
check Comprehensive Physical Damage Coverage
This is coverage for vehicles or trailers on your policy for damage caused to them by something other than a car accident. Examples include damage resulting from theft, vandalism, flood, fire, and other specified hazards.
check Collision Coverage
This is coverage for vehicles or trailers on your policy for damage caused to them by a collision with another vehicle or a single-car accident.
Who Should Consider Small Business Auto Insurance?
Any company that uses vehicles should have small business auto insurance to protect them, especially if they are registered to your business or you are in the for-hire transportation industry. We provide coverage for these kinds of businesses and many others:
- Architects and engineers
- Business management consultants
- Cleaning and janitorial companies
- Corporate trainers
- Dog walkers and pet sitters
- Food service companies
- Home inspectors
- IT consultants
- Landscape companies
- Personal trainers
- Photographers and videographers
- Retail businesses
- Transportation companies
- Trucking companies for hire
Why Does Your Company Need Small Business Car Insurance?
Small business car insurance is a must for any company that uses vehicles in its work. If you don’t have proper coverage, you can end up paying for vehicle repairs, injuries, and other expenses out of pocket—costs that can be devastating to a small business.
How are Commercial Vehicle and Personal Auto Policies Different?
Both commercial vehicle insurance policies and personal auto policies provide coverage for liability, collision, comprehensive, medical payments (or personal injury protection), and uninsured motorist exposures (sometimes underinsured motorist, too). However, a commercial auto insurance policy may be very different from your personal auto policy due to separate eligibility criteria, definitions, coverages, exclusions, and limits.
Why biBERK for Commercial Auto Insurance?
We’re the experts when it comes to insuring small businesses.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.
What’s not Covered by Small Business Auto Insurance?
Small business auto insurance provides valuable financial protection and peace of mind in many ways. However, there are certain types of incidents that aren’t covered by your policy. Some of these exclusions are:
Intended or expected property damage or injuries
Property damage or bodily injuries that you cause intentionally or might reasonably expect to occur as a result of your actions are not covered.
Damage or injuries caused by racing are excluded from coverage.
Mobile equipment operation
Liability associated with the use of mobile equipment like a forklift or crane is not covered.
Injuries covered under workers' compensation
Injuries addressed by a workers’ comp policy are not covered by commercial auto insurance.
Hired and non-owned vehicles
Only vehicles listed on the policy are covered. Temporary rental vehicles are covered if your listed vehicle is being repaired, serviced, or suffered a total loss. If you get a replacement vehicle for a vehicle that is listed on the policy, you have 30 days from when you buy it to replace it on our policy. Other vehicles that you may rent or use are not covered by this policy. For example, employee-owned vehicles or borrowed vehicles are not covered, but hired/non-owned coverage can be added to a general liability policy or business owners policy (BOP) to cover those vehicles.
What Does Commercial Auto Insurance Cost?
Multiple factors go into determining the commercial auto insurance cost for your business. However, our direct-to-you model enables us to provide coverage at up to 20% less than other companies. The best way to know what your company can expect to pay is to get a fast, easy, online quote.
Commercial Auto Insurance FAQs
Our insurance experts are always happy to talk with you, but you can also get answers to commonly asked commercial auto insurance questions below.
What is commercial auto insurance for a small business?keyboard_arrow_down
Commercial auto insurance is coverage for vehicles you use for business purposes. Vehicles used strictly for personal activities would be covered under a personal auto policy. Also, leased vehicles or employee-owned vehicles used for business purposes require hired/non-owned coverage, which can be purchased under a general liability policy or business owners policy (BOP).
How much does commercial auto insurance cost on average?keyboard_arrow_down
The cost of commercial auto insurance varies based on factors like the type of vehicle, how it’s used, and the driving records of the people who will operate it, to name just a few. However, biBERK is able to offer insurance at up to 20% less than other insurance providers. For example, commuter/consultant use of smaller vehicles can cost $600 to $1,500 per vehicle per year. The cost to insure vehicles for for-hire trucking can be $5,000 to $15,000 per vehicle per year. Livery vehicles may cost $2,000 to $6,000 per vehicle per year to insure.
Is my business vehicle covered by my commercial auto policy when I’m using it for personal activities?keyboard_arrow_down
Commercial auto insurance can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.
For damage caused by at-fault accidents, which drivers are covered by my small business auto insurance?keyboard_arrow_down
Your policy can cover your employees, family members, and others who have permission to drive your vehicles. People who do so on a regular basis should be noted on your policy.
Will my insurance cost increase if I’m involved in an accident in my covered vehicle?keyboard_arrow_down
Your current policy won't be affected, but your next term or renewal may be. Your policy is rewritten each time it expires. When that occurs, your driving record is a factor in determining your rate. That means your rate may go up, but an increase is not guaranteed just because of an accident.
Does my small business car insurance cover items stolen from my vehicle?keyboard_arrow_down
Your policy can cover the vehicle and anything permanently attached to it, like a truck bed tool box. However, in that example, the tools themselves are not covered. Contractors who transport tools can purchase coverage for them under a general liability policy or business owners policy (BOP). Businesses in the for-hire trucking industry can purchase cargo liability add-on coverage to insure the goods they haul.
If I’m pulling a trailer with a vehicle that’s covered under my policy, is the trailer automatically covered?keyboard_arrow_down
Not necessarily. Liability coverage is automatic for trailers under 2,000 pounds gross vehicle weight, but for theft or damage coverage, you have to add the trailer to your policy. Trailers 2,000 pounds or over must be added to your policy to have coverage.
What is combined single limit (CSL) versus split limit coverage?keyboard_arrow_down
Liability policies provide different maximum dollar amounts that the insurer will pay for different components of a claim. This is called a split limit. The components are typically bodily injury per person, bodily injury per accident, and property damage. A combined single limit policy states that the insurer will pay up to a certain dollar amount for the entire claim. It doesn’t matter whether all components of the claim are related to one person’s injuries, or whether there are multiple injured parties represented by the claim. The combined single limit is capped at the stated dollar amount either way for that claim.