Whether you have one delivery van or a full fleet, vehicles are a major risk source for your business. An accident can result in serious injuries, costly property damage, and potentially ruinous lawsuits.
When Do You Need Commercial Auto Insurance?
You likely need commercial auto insurance if:
- The vehicle is owned by the business
- Used to transport goods or people for payment
- Used to perform services (contractors, plumbers, etc.)
- Used for frequent business travel
- Equipped with specialized equipment
- Driven by employees
Types of Coverage Available
- Liability Coverage: Bodily injury and property damage to others
- Collision: Damage to your vehicle in a collision
- Comprehensive: Non-collision damage (theft, vandalism, weather)
- Uninsured/Underinsured Motorist: Protection against inadequately insured drivers
Business-Specific Coverages
- Non-Owned Auto: Employees using personal vehicles for business
- Hired Auto: Vehicles you rent or borrow
Average monthly cost in 2025 is approximately $147, varying by vehicle type, usage, and driver records.