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Commercial Auto Insurance

Commercial Auto Insurance Retcho Insurance Agency Closter New Jersey

Commercial Auto Insurance

Commercial Auto Insurance protects company-owned vehicles. If you or an employee get into an accident while driving a business car and causes property damage or bodily harm, you'll be protected from the financial ramifications of accidents, such as vehicle repairs and medical bills. Remember that a covered claim is subject to the deductibles and limits of your policy. Furthermore, coverage availability and requirements differ by state.

To get you started, here are some common commercial auto insurance coverages:

  • Auto Liability - Which protects you and your business by paying for bodily injury or property damage for which you may become legally liable as a result of a covered automobile accident. Covers the business's liability if an employee causes an accident while working on behalf of the business. 

  • Medical Payments - Cover medical expenses incurred by you, your employees, and your passengers as a result of motor vehicle accidents, regardless of who is at fault.

  • Uninsured and Underinsured Motorist Coverage - Pays for medical expenses, lost wages, and other damages owed to you, your employees (expenses not covered by workers' compensation), or your passengers in the event of an accident caused by an uninsured or underinsured motorist.

  • Collision Coverage - Which pays for damage to your vehicle from another vehicle whether you hit another vehicle or object, another vehicle hits you, or your vehicle rolls over – regardless of who is at fault (subject to deductible)

  • Comprehensive Coverage - which can help pay for damage to your vehicle caused by something other than another vehicle, such as vandalism, theft, weather events, and animal accidents (subject to deductible)

  • Rental Car Insurance - If your company vehicle needs to be repaired after an accident, rental car coverage allows you to continue operating your business with a rental vehicle.

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Not sure if you need Commercial Auto insurance in NJ?

It all depends on your line of work. Here are a few occupations that could benefit from commercial auto insurance:

  • Artisan / specialty contractors

  • Carpenters

  • Plumbers

  • Electricians

  • Landscapers

  • Realtors

  • Doctors and Dentists

  • Lawyers

  • Florists

  • And more

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