Commercial Auto Insurance
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Commercial Auto Insurance Information
Commercial Auto Insurance
All Virginia drivers need quality auto insurance benefits, and Parker, Shelton & Associates Insurance is committed to helping all our clients find the policies that are most appropriate to their needs, whether they need standard or non-standard benefits.
Insuring a commercial vehicle is a lot different from insuring a private vehicle, which is why if you’re a business entity that is looking for coverage, you will need commercial auto insurance. You’ll be able to use this policy to comprehensively protect your company vehicles and drivers.
Call us at (540)381-6358 to learn more, or if you’re ready to get started, just request a free quote now!
Common Commercial Auto Insurance Questions:
When someone drives for business purposes, then they are a representative of their business (regardless of whether they are driving a company car or operating their personal vehicle). A commercial auto insurance policy is designed to cover the business’s financial interest in these vehicles and drivers. Even if unforeseeable accidents occur, your business won’t struggle to recover from them, and you won’t face an insurmountable financial challenge as a result.
The average commercial auto policy can offer numerous benefits, each of which can apply to different loss scenarios involving your vehicles or drivers. These include:
Hired/Non-Owned Auto Liability Insurance: This liability coverage extends to vehicles not owned by the business but used by them for business purposes. These might include employees’ personal cars or vehicles that you rent or hire to use temporarily.
Collision Insurance: This covers damage to your own vehicle that you sustained in a wreck.
Comprehensive Insurance: This coverage pays for damage from non-accident mishaps, such as weather damage, fires, theft, vandalism or similar accidents.
Medical Payments/Personal Injury Protection: If you get hurt in an accident, this coverage can pay for your medical bills. Sometimes, it will cover other losses, such as lost income.
Uninsured/Underinsured Motorist Insurance: This insures you against damage caused by someone else who doesn’t have appropriate liability coverage. If you are the victim of a hit-and-run, for example, then this coverage can pay for your car’s damage.
Additionally, other policies and endorsements might help you expand your benefits, such as:
Rental Car Reimbursement
To insure cargo and commercial equipment carried within these vehicles, you will need to carry inland marine insurance and/or motor truck cargo coverage.
Various vehicles and drivers might need to be covered a commercial auto policy. These include:
Vehicles owned by a business
Employees who drive their personal cars on business-related errands
Company cars provided to employees for commercial and private use
Vehicles hired or rented by the business
Virginia requires nearly all drivers to carry auto insurance, and commercial drivers are no exception. Your commercial auto insurance policy must contain at least the following coverage limits:
Bodily Injury Liability Coverage: $25,000 per person/$50,000 per accident
Property Damage Liability Coverage: $20,000 per accident
If you work in interstate trucking or transport hazardous materials, then you might face additional coverage requirements set by the Federal Motor Carrier Safety Administration (FMCSA).
Numerous factors can influence the costs of commercial auto insurance, including the types and amounts of coverage you buy, the location of your business and the value of the vehicles to be insured.
Our agents are committed to working with you to optimize benefits in ways that will still keep them affordable, even as you build upon your coverage to ensure you receive the highest level of protection.