Business Auto Insurance

Whether it's just the owners vehicle that gets used occasionally for a job to an entire fleet of vehicles including Auto's, Trucks,  or Mobile Equipment it is Business Auto (also called Commercial Auto) that is needed. Most, if not all, Personal Auto policies exclude business use with only a few exceptions depending on the type of business. Following is a outline of some components of a Business Auto policy.

Coverages

Liability (Bodily Injury/Property Damage)

Insurance that protects your from financial loss because of legal liability for automobile-related injuries to others or damage to their property by an auto.

Collision

A form of automobile insurance that provides for reimbursement for loss to a covered automobile due to its colliding with another vehicle or object or the overturn of the automobile. This covers only damage to the automobile itself as "auto" is defined in the policy.

Comprehensive

Coverage under an automobile physical damage policy insuring against loss or damage resulting from any cause, except those specifically precluded. It covers losses such as fire, theft, windstorm, flood, and vandalism, but not loss by collision or upset.

Medical Payments

Optional coverage under an auto policy to pay for medical expenses for an insured who sustains bodily injury caused by an auto accident, without regard to fault. Coverage for persons other than the named insured and his or her family members is typically restricted to circumstances when they are occupants of the insured auto.

Hired Auto

An automobile whose exclusive use and control has been temporarily given to another for a consideration. The business auto definition of "hired autos," however, includes autos borrowed except those borrowed from employees or partners.

Non-Owned Auto

Described in commercial auto policies as an auto that is used in connection with the named insured's business but that is neither owned, leased, hired, rented, or borrowed by the named insured. As used in the business auto policy, the term specifically applies to vehicles owned by employees and used for company business; as used in the truckers and motor carrier policies, it applies only if such autos are private passenger type autos. (Autos other than private passenger type owned by employees are classified as hired autos in the truckers and motor carrier policies.)

Other

MCP Filing

An endorsement (MCS-90) that must be attached to the auto liability policy of certain regulated motor carriers to assure that federally mandated coverage (e.g., required liability limits, environmental restitution coverage) is in place.

Disclaimer: The abbreviated outlines of coverage used in this website are not intended to express any legal opinion as to the nature of coverage. They are only visuals to a basic understanding of coverages. Please read your policy for specific details of coverages.