CIA Insurance Services

Commercial Auto Insurance

What is Commercial Auto Insurance? Why do I need it?

• Personal auto policies normally do not cover vehicles used commercially
• Policy limits are increased to $1,000,000 Combined Single Limit
• General Liability policies do not cover vehicle related claims
• Commercial jobs normally require the $1,000,000 level of coverage
• Additional coverage levels such as Hired & Non-Owned available

What does it cover?

• Liability protection covers medical, physical damage, lost wages, pain & suffering to other parties in an accident in which you are at fault
• Collision cover physical damage from an at-fault accident to your auto, less the deductible
• Higher Uninsured/Underinsured motorist limits make up for any shortage in the other person’s liability amounts to cover damages to you
• Comprehensive limits to repair physical damage from losses not related to a collision.
• Medical payments paid out regardless of fault to cover expenses pending determination of fault
• Most policies do not cover personal items, such as tools, equipment damaged or stolen from a vehicle. Separate coverage is available.

What is Hired and Non-Owned Auto coverage?

• Hired Coverage protects you against claims from the use of leased, rented, or borrowed vehicles by you or your employees and used for business purposes
• Non-Owned Coverage covers employees or others who use their vehicles in the course of your business, such as running an errand or buying lunch. This can also be extended to sub-contractors doing work for you. (Get certificates of insurance from your subs)

This is only a general summary of the coverage of this type of policy. You should refer to the actual policy for coverage limits, exclusions and other conditions.