Commercial Car Insurance Cambridge MA

What Losses Are Covered by Commercial Auto Insurance?

You can be covered for a variety of different situations. Some are part of the basic package, others are considered extras. These coverages include:

• Property damage liability – You will be covered for any damages you inflict upon another person’s property or vehicle in an accident you or a staff member has caused. This is a standard requirement in car insurance.
• Bodily injury liability – covers you for any injuries to other parties in an accident where you or an employee is considered to be responsible, including resulting medical costs and loss of income. This is another standard requirement.
• Collision coverage – You will be covered for any damage to your commercial auto or trailer in a collision, regardless of who is considered guilty. This is typically required for financing and leasing a vehicle or trailer.
• Comprehensive coverage – Any damage to your vehicle or trailer other than a collision will be covered under this policy. While the specific perils covered are determined by your policy, they typically include theft, fire, vandalism, falling objects, floods, and other natural disasters.
• Uninsured or underinsured motorist coverage – In the event, you or an employee gets into an accident caused by an uninsured or underinsured driver, you will be covered for any injuries the driver or the passengers receive. Damage to the vehicle will also be covered.
• Medical payments – Irrespective of blame, your and your passengers’ medical bills will be covered after an accident.
• Combined single limit – Bodily injury and property liability claims typically have separate limits. However, in a combined single limit policy, the same dollar amount of coverage applies to both occurrences.

See more Insurance: golf cart insurance agent near me

If you want additional protection for your employees, you can purchase fellow employee coverage.

You might also consider emergency roadside coverage, which will help with towing, tire changes, jumpstarts, fuel delivery, and other roadside requirements. This is especially useful when your employees drive in remote locations a lot with not many service centers around.