Commercial Auto Insurance can provide protection for liability, damage to your vehicles and injuries arising from an accident. Depending on the policy, optional coverage may also be available for collision, theft, vandalism, fire and other types of damage. Some of the coverage available include:
- Third-Party Liability (mandatory): Covers injury, death, or property damage caused to others if you are at fault in an accident.
- Accident Benefits (mandatory): Covers medical, rehabilitation, and income replacement costs for you, your employees, and passengers injured in an accident, regardless of fault.
- Uninsured Automobile (mandatory): Covers vehicle damage and injury caused by an uninsured driver or an unknown hit-and-run driver.
- Direct Compensation Property Damage (DCPD) (Mandatory): Covers damage to your insured vehicle when another identified driver is at fault.
- Collision Coverage (optional): Covers repair or replacement of your vehicle following a collision with another vehicle or a stationary object, regardless of fault.
- Comprehensive Coverage (optional): Covers non-collision damage including theft, vandalism, fire, hailstorms, flooding, and other weather-related events.
- All Perils Coverage (optional): The broadest protection available — combines collision and comprehensive coverage and includes theft of the vehicle by an employee or household member
The right combination of coverage depends on your vehicles and how your business uses them.
Munn can explain your options and help make sure your Commercial Auto coverage reflects the risks your business actually faces.
