3744 Starrs Centre Drive • Canfield, OH 44406 • 330-533-1195

Commercial Automobile Insurance

Without a great Commercial Automobile insurance program, you may be overpaying and under insured.

Commercial Automobile Insurance is different than Personal Vehicle Insurance. Your personal auto policy will exclude coverage for commercial uses of your vehicle. Not only are there generally multiple vehicles covered, but the liability from accidents or claims extends to your business.

Below are Examples of different claim scenario’s that could happen during the course of a policy term:

Scenario #1

One of your workers is on his way to a job site, a deer hits the truck causing major damage and you have Comprehensive coverage. You’ll pay your deductible of $500, and then your comprehensive coverage pays the rest of the bill. If your car is considered a total loss, your insurance will cover the actual cash value of the car or what it’s worth today, minus that $500 deductible.

Scenario #2

Your truck collides with a stopped car at an intersection. Both vehicles are damaged, but no one is hurt. Your Collision coverage covers the repairs on your vehicle, minus the deductible. If your car is considered a total loss, you’ll get the actual cash value of the car, minus the deductible. If you’re liable for damage to the other vehicle, your property damage liability coverage provides coverage up to the applicable limit.

Scenario #3

You’re driving alone when your vehicle collides with a car carrying three people. Everyone sustains injuries. As in scenario #2, your collision coverage covers the damage to your car and your property damage liability covers damage to the other car up to your property damage liability coverage limit. If the other driver is liable, but has no insurance, your uninsured/under insured motorist coverage could provide protection up to the limits of your uninsured/under insured motorist liability limit.

If an injured person sues you, your bodily injury liability provides your defense and, if you’re found responsible, that same coverage pays damages up to your bodily injury liability limit.

Commercial Automobile insurance is one of the most important aspects of your business insurance program. If your business uses a vehicle, or many vehicles, you need commercial auto insurance and you will want to ask your business insurance professional at L. Calvin Jones & Company some important questions. You will also want to provide your business insurance professional at L. Calvin Jones & Company with a complete picture of your vehicle use.

Commercial Automobile insurers often separate coverage types based on the number of vehicles and drivers to be insured. Fleet insurance is an option for businesses that will have a number of vehicles and drivers. The number of vehicles differs with each insurer and may depend on the class of vehicle; but, fleet insurance may be a less expensive alternative than individual, per vehicle policies.

  1. Calvin Jones & Company realizes that it can be confusing determining when a Commercial Automobile policy is necessary. In general, if a vehicle is used in tasks related to the operator’s occupation, profession or business (other than commuting), a commercial policy is necessary.

If you are using your vehicle to transport goods or people for a fee or if you use your vehicle to conduct a service, you may need a commercial auto insurance policy. A commercial automobile policy may be appropriate if you need higher limits of liability due to the nature of your work. Hauling a considerable weight in tools or equipment or towing a trailer used to conduct your business may require a commercial vehicle insurance policy. A commercial insurance policy may be needed if employees operate the vehicle or if ownership is in the name of a corporation or partnership. Many business uses and vehicle types may be excluded from personal policies, so be sure you have the right coverage

Calvin Jones & Company can reduce your costs and expand your coverage.