Business &

Insurance coverage for your business' vehicles.

What is Commercial Auto Insurance?

Commercial auto insurance is insurance coverage for your business' vehicles.

Commercial auto insurance coverage can cover the physical damage, as well as liability coverage, for your business's trucks, vans, cars, and other fleet vehicles. If you have vehicles that are in the name of your business and are not covered by your personal auto insurance, you need to invest in commercial auto insurance.

What Does Commercial Auto Insurance Cover?

Collision loss. If you get in an accident, the damage to your business's vehicle will be covered, regardless of who is at fault. This includes single-car accidents.

Comprehensive loss. Any damage to your business's vehicles will be covered from non-collision causes, such as weather events, theft, hitting an animal, etc.

Bodily liability. This covers if someone else is hurt in an accident that was deemed your fault. This will pay for others' medical costs, lost wages, and legal expenses if you are sued.

Property damage coverage. If your company vehicle damages someone else's property in an automobile accident that was deemed your fault, the damage will be covered.

Uninsured or underinsured motorist coverage. Optional coverage that would cover your injuries and property damage if you are hit by an uninsured or underinsured driver.

What Does Commercial Auto Insurance Cover Infographic
Man smiling in a car

Commercial Auto Insurance

As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel — liability, collision, and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

Whether you need to buy a business auto insurance policy will depend on the kind of driving you plan to do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them, and whether employees if you have them, are likely to be driving their own cars for your business.

While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.

General Liability Insurance

If you have a personal umbrella liability policy, there’s generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.

Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.

General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.

Broad Range of General Liability Protection:

  • Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
  • Property Damage coverage for the physical damage to property of others or the loss of use of that property
  • Products-Completed Operations provides liability protection (damages and legal expenses up to your policy’s limit) if an injury ever resulted from something your company made or service your company provided
  • Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
  • Contractual Liability extends to any liability you may assume by entering into a variety of contracts
  • Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage;
  • Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types
Business vehicles
Woman smiling in a car

Workers' Compensation Insurance

Workers' compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers' Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers' Compensation Insurance. Workers' Compensation Insurance is not health insurance. Workers' Compensation is designed specifically for injuries sustained on the job.

In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

Do I Need Workers Compensation Insurance?

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers' compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers' compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work, and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services, and how the system is administered. For example, in most states, there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Workers' compensation insurance must be bought as a separate policy. Although in-home business and business owners' policies (BOPs) are sold as package policies, they don’t include coverage for workers’ injuries.

Man standing in front of a work vehicle

Get in touch with FasTrak Insurance Solutions Today

FasTrak Insurance Solutions has four locations to better serve you, including one in South Gate, Lawndale, Garden Grove, and Montclair, California. Our team has years of experience in helping you have the right commercial insurance for your business's needs. Call for a quote today!

Get in Touch

To contact Fastrak Insurance Solutions directly, please fill out the following form as completely as possible. You will receive a response from us shortly.

ADDRESS

9928 Atlantic Ave. South Gate, CA 90280

877-296-0808

info@fastrakins.com

Contact us Today

Let's get your insurance now

Getting a quote is quick and simple