Insurance for Commercial Automobiles

If you are a business owner in the state of Florida, then there is no question that your commercial auto insurance coverage should be top priority.

After all, if an accident occurs involving one or more of your vehicles (which could very well happen considering how many miles they clock each year), you need to make sure that you are covered. If not, accidents can lead to lawsuits and other financial setbacks that could put your company out of business for good.

That's why having the best commercial auto insurance policy in place will give you peace of mind--and the opportunity to focus on growing your business.

Ted Todd Insurance is proud to be one of the most recognized Allstate agents in the country, and we've served Florida for more than 30 years. We're standing by to talk with you about your commercial auto insurance needs.

Get a 100% free, no obligation commercial auto insurance quote today!

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commercial van driver checks a tablet while being covered by commercial auto insurance

What Is Commercial Auto Insurance?

Commercial auto insurance is designed for businesses that use vehicles for commercial purposes. Think of your personal auto insurance policy--just for a business. Commercial auto policies can provide coverage for cars, vans, trucks, and other types of commercial vehicles.

What Does Commercial Auto Insurance Cover?

You may be wondering what commercial auto insurance covers. Firstly, business auto insurance is specifically designed for businesses that use vehicles for commercial purposes, so they afford protection in situations that personal insurance policies would cover.

Typical Types of Coverage

Much like personal auto insurance policies, a commercial auto policy typically includes the following types of coverage:

Bodily injury
Property damage
Towing and labor
Rental reimbursement

How Much Does Commercial Auto Insurance Cost?

The cost of a commercial auto policy can vary depending on many factors. It's best to consult an experienced commercial auto insurance agent and reputable insurance company to discuss your unique situation and needs.

That said, there are a few factors that are commonly considered in relation to the price of your commercial auto policy premiums.

Location
Level of coverage
Size of your fleet
Type of business

What Are The Different Types of Commercial Auto Insurance Policies?

There are a variety of different types of commercial vehicle insurance coverage. Let's review.

Open policy

An open policy allows the insured business to add or delete vehicle coverage for a period between one and six months at a time. This kind of liability insurance can help businesses manage costs if they have seasonal fluctuations in the number of vehicles needed to run the business.

Specific fleet policy

A specific fleet policy provides consistent protection for all vehicles in a defined group, such as licensed taxi cabs or limousines used in a regular business operation. This type of commercial auto coverage is often tailored to fit the needs of individual fleets, but it offers more protection than an open policy.

Blanket fleet policy

A blanket fleet policy covers all vehicles under a single policy and provides all types of coverage, including the following:

Liability
Property damage
Medical expenses
Personal injury protection
Uninsured/underinsured motorist coverage
Collision and comprehensive coverage

Whether you have one vehicle or one hundred in your fleet, this type of policy will offer the same level of coverage for each insured vehicle.

What Are Some Guidelines To Help Me Choose Commercial Auto Insurance?

As you search for the best commercial auto insurance for you and your business, there are a few things to consider.

Make sure you know about the size of deductible that applies to both labor costs and other damages
The limits of liability coverage should be enough to protect your business in the event of a serious accident
You will also want to consider the types of vehicles you need to insure and whether or not you will need commercial auto coverage for rentals
If you have employees that drive their own cars for work, you may want to look into personal accident insurance as an add-on to your commercial car insurance policy