Commercial Auto Insurance

For companies that depend on vehicles to operate, Commercial Auto Insurance is an essential part of risk management. It helps ensure that organizations can continue to operate in the event of an accident or loss, as well as protecting them from the financial repercussions of incidents.

Why do you need Texas Commercial Auto Insurance?

A company must have commercial auto insurance to safeguard the automobiles used in carrying out its operations. Commercial auto insurance policies offer coverages that are unique to the needs of businesses, whereas personal auto insurance policies were not intended for enterprises. Businesses that transport goods or persons for a fee, provide services using their vehicles, move heavy tools or equipment, or tow trailers used for business operations must have this insurance.

Due to its wider coverage and higher liability limits, commercial auto insurance is a little more expensive than personal insurance. The type, quantity, and use of the cars covered by the policy all have an impact on how much commercial auto insurance will cost.

A company can be shielded by commercial auto insurance from uninsured and underinsured drivers, collisions, personal injury, and other liabilities. Moreover, it offers protection against damage to cars resulting from hazards like fire, theft, or vandalism. Business auto insurance ensures a firm is protected in the case of a lawsuit from an uninsured driver or other accidents for a reasonable monthly cost.

What does Commercial Auto Insurance cover?

Although coverage availability and requirements vary by state, these are some of the common types of commercial auto coverages available to business owners.

  • Bodily Injury Liability Coverage helps pay for the other driver’s medical expenses.
  • Property Damage Liability Coverage pays for damage that you or your employees cause to someone else’s property.
  • Collision Coverage helps pay to fix or replace your business car if you hit something, like another car or pole.
  • Comprehensive Coverage can help pay for car damages caused by theft, fire or natural disasters.
  • Medical payments coverage can help pay for medical expenses for your employees and their passengers in the event of an accident, such as medical treatments and rehabilitations, dental care or funerals.
  • Uninsured/Underinsured Motorist Coverage helps pay for you or your employees’ medical expenses or to fix your car if the other driver lacks enough liability coverage.
  • Rental Car Coverage offers liability coverage while you or your employees are driving a rental vehicle for business. Many rental companies have loss damage waivers or a collision damage waiver that you can sign to avoid paying for property damage to a rental car.
  • Personal Injury Protection (PIP), also known as no-fault insurance, can help cover medical expenses, lost wages or funeral costs after an accident, no matter who is at fault.
  • Hired and non-owned auto insurance offers lawsuit liability coverage if you or your employees are involved in an accident with a personal, rented or leased car that was used for business errands. However, this type of commercial vehicle insurance coverage will not pay for damages to your car.

Who Needs Commercial Auto Insurance?

Consider commercial auto insurance if your business:

Owns, leases or rents vehicles, such as cars and trucks.
Has employees who drive their own vehicles for business.
Has employees who operate leased, rented or owned company vehicles.

With many different options, commercial car insurance can be confusing.

We can help you with your commercial vehicle insurance needs.

Call us at 254-799-9616 and get a free quote from one of our experts!

Please complete the form below for a quote.

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