What is Business Auto Insurance?

The Business Auto Insurance Policy is very similar in many respects to the Personal Auto Policy with which most of us have become familiar. Generally speaking, this policy is designed to provide insurance for trucks, vans, and private passenger autos that are company owned and used in the business for service or delivery of a product or materials.

What Does It Consist Of?

Similar to the Personal Auto Policy, the Business Auto Insurance Policy is made up of three parts:

  • Liability coverage including Bodily Injury, Property Damage, and Uninsured and Underinsured Motorist coverages. Coverage can generally be extended to Hired and Non-Owned/Borrowed vehicles.
  • Physical Damage coverage including Comprehensive and Collision coverages to insured vehicles.
  • Optional Misc Coverages including Medical Payments, Rental Reimbursement, Towing, and Loan/Lease Gap coverages.

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