Unlike personal auto insurance, a commercial auto policy covers vehicles owned by a business and operated by its employees. These policies insure company-owned cars, trucks and other automobiles, shielding the company from losses due to collision or other damage. If an accident occurs in a company-owned vehicle, a commercial auto policy reimburses your business for financial consequences.
One important differentiation with a commercial auto policy is that it is only applicable to company-owned vehicles. If your company does not own vehicles but your employees drive their personal cars for business purposes, you should instead purchase a non-owned auto liability policy in case an uninsured or underinsured employee is involved in an accident while on company business.
While driving may be necessary in your business operations, you may face costly consequences in the event of an accident without the right insurance coverage. Edge Insurance can help you determine what kind of policy your business needs for complete coverage in business-related vehicle use. Contact our team today to get a quote!