Commercial Auto

Insuring Business in North Carolina

Commercial auto insurance is vital coverage for businesses that use vehicles as part of their operations. Whether you have a single vehicle or a fleet, this insurance ensures that your business is protected from the financial impact of accidents, damages, and liability.

What is Commercial Auto Insurance?

Commercial auto insurance provides coverage for vehicles used for business purposes. This can include cars, trucks, vans, and other vehicles used to transport goods, equipment, or people. It offers protection against physical damage, liability for bodily injury, and property damage resulting from vehicle accidents.

Why is Commercial Auto Insurance Necessary?

Legal Requirement

In many states, including North Carolina, having commercial auto insurance is mandatory for vehicles used for business purposes.

Financial Protection

It covers repair costs, medical expenses, and legal fees associated with accidents involving business vehicles, preventing significant financial loss.

Liability Coverage

Protects your business from liability claims if your vehicle causes injury or damage to others, which can lead to costly lawsuits.

Asset Protection

Safeguards the investment you’ve made in your vehicles, ensuring they can be repaired or replaced if damaged.

Employee Protection

Provides coverage for employees who drive company vehicles, ensuring their medical expenses and lost wages are covered in the event of an accident.

Difference Between Personal and Commercial Auto Insurance

pixelmaestro_view_of_getting_on_a_busy_freeway_from_drivers_s_3a7bf2cd-121e-499a-9238-2d5881ba168c_0

Usage

Personal auto insurance covers vehicles used for personal, non-business activities, while commercial auto insurance covers vehicles used for business purposes.

Coverage Limits

Commercial auto policies typically have higher coverage limits to account for the increased risks associated with business use.

Vehicle Types

Commercial policies can cover a broader range of vehicles, including those not typically covered by personal auto insurance, such as large trucks and vans

Employees

Commercial auto insurance covers employees driving company vehicles, whereas personal auto insurance usually does not cover business use by employees.