Commercial Auto Insurance
Commercial Auto insurance may be written to cover one car, truck up to a fleet of vehicles. We will review your commercial auto exposure and help you select the most comprehensive coverage available at a competitive price. Our agents help you understand the coverage limits and deductible options available. We represent several fine companies that provide commercial auto coverage. Fleet discounts and experience credits may apply.
Business Auto Coverage is intended to cover dollar amounts an “insured” legally must pay as damages because of “bodily injury” or “property damage” that the auto policy covers; caused by an “accident” and resulting from the ownership, maintenance or use of a covered automobile or truck. The coverage may also pay for physical damage to the covered vehicle.
Liability to Others Bodily Injury – This is the limit available to medically treat individuals you injure in an automobile accident for which you are at fault. The coverage also applies to monetary damages for the death or permanent injury to accident victims. The limit is written per person and per vehicle.
Property Damage – This is the limit available to repair or replace a vehicle or other property damaged as the result of an at fault accident.
Uninsured Motorists – Provides insured’s coverage for bodily injury to you caused by at fault uninsured or underinsured driver. This coverage is to protect YOUR COMPANY- a study recently released by the Insurance Research Council, found that in 2007 Florida was one of the five states with the highest uninsured driver populations, stating that 23% of drivers on the road in Florida were uninsured. This coverage may protect you if are a pedestrian and were hit by a driver that was uninsured or who underinsured or left the scene of the accident.
Medical payments coverage in an auto insurance coverage that pays medical expenses (and sometimes funeral expenses) resulting from an accident for you and other passengers in your company’s car.
Personal Injury Protection – Florida is a no-fault state, each person’s (company’s) respective PIP (Personal Injury Protection) insurance will pay for that person’s medical bills and lost time from work up to $10,000.
Comprehensive Coverage – Pays damage to automobiles from perils other than collision (such as fire & theft). A deductible usually applies.
Collision Coverage – Pays for damage to covered automobiles from overturn or collision with another vehicle or an object and a deductible usually applies to the loss.
Rental Reimbursement – Pays a daily maximum for the cost of a rental car if you have had an accident and your vehicle is in the shop for a period of time for repairs.
Roadside Assistance – This coverage provides towing to the nearest qualified repair facility and covers a specified amount of the necessary labor at the place of breakdown when your automobile is disabled due to any of the following: Mechanical or electrical breakdown, Dead battery, Flat tire, Lockout, Insufficient supply of fuel, oil, water or other fluids, Entrapment in snow, mud, water or sand within 100 feet of the roadway
Tips in the Event of an Accident –
- Get medical help if anyone is injured
- Phone the police so that they can come and evaluate the accident
- Allow medical professionals and or police to control accident scene
- Take photos – document vehicle damage, the location were the accident occurred, skid-marks, and any other features of the accident
- Discuss the accident only with the police
- Gather information – Get names, addresses, phone numbers, and auto insurance information of all parties involved (especially the owners and drivers of the vehicles involved). Get contact information from witnesses and victims.
Commercial Auto Customer Claims Examples
- Insured’s Employee Driving Insured’s Vehicle talking on cell phone pulled in front of another vehicle and the other driver sustained brain injury the pay out on this claim was policy limits $1,000,000.
- Insured rear ended Private Passenger Vehicle and caused spinal injuries to Private Passenger Vehicle’s Driver. The claim paid $50,000 on bodily injury and $45,000 in property damage on behalf of our insured.
- Insured rear ended vehicle causing no damage to their vehicle and $1,500 in physical damage to other vehicle – however driver sustained a spinal injury claim was settled at $150,000.