What is Commercial Auto Insurance?
Businesses that own vehicles generally need to insure those vehicles, just as individuals have to insure their personal automobiles. Not purchasing commercial auto insurance, or business auto insurance, for any vehicles that it owns leaves a business exposed to legal consequences, possible financial loss and potential liability lawsuits.
Business auto insurance is a form of auto insurance that’s made for businesses, rather than individuals. Policies are written with the risks that businesses face and the coverages they need in mind.
What Businesses in Need Business Auto Insurance?
Most businesses that own vehicles which are driven on public roads need commercial auto insurance that at least meets the state’s minimum requirements. Businesses often purchase more than the state’s minimum requirements, because they often want more protection than the state requires.