Commercial Auto Insurance

Commercial auto insurance provides coverage for vehicles that are used for your business, such as delivery vehicles and omnibus vehicles. The insurance policy can also protect you from legal repercussions if you are sued by a client for making a mistake while driving on their behalf. It functions much like any other insurance policy and offers the basics, but you can add additional coverage via an endorsement or rider.

When looking for commercial auto insurance, the Auto Occurrence Limit is an important factor to consider. It will help protect you in case of multiple defendants involved in a single accident. The per-occurrence limit applies to the named insured and all other named insureds in an accident. Increasing the auto occurrence limit may be necessary for a business owner with multiple vehicles.

Per-occurrence limits are different from aggregate limits. A per-occurrence limit will cover claims that happen in a single incident, whereas an aggregate limit will cover claims made in multiple incidents throughout the policy period. Choosing the right per-occurrence limit for your business will reduce your risk and prevent any unexpected surprises when filing a claim.

A business auto insurance policy will usually contain two types of limits: the per-occurrence limit and the aggregate limit. The per-occurrence limit will dictate how much you pay for each specific incident, while the aggregate limit will determine how much you’ll have to pay over the life of the policy. It’s vital to understand the difference between these two types of limits before deciding on a policy.

Commercial auto insurance policies will typically have higher limits than a personal auto policy. A commercial auto policy will offer higher limits for property damage and bodily injury. A commercial auto policy will also include a higher limit for Medical Payments coverage. By combining these two types of coverage, a commercial auto insurance policy will provide you with a much larger amount of protection.

Auto Aggregate Limits play an important role in liability insurance policies. If your liability policy does not have an appropriate aggregate limit, you may want to consider adding additional liability coverage through an excess liability policy or a project liability policy. A high aggregate limit will protect your business from the worst possible outcome in case of a lawsuit.

A general aggregate limit refers to the maximum amount of money that the insurance provider is willing to pay for all covered losses during the policy term. This limit will usually apply to all of your liability coverage. If you ever file a claim in excess of the general aggregate limit, you will have to pay any additional claims. Many small business owners don’t know what their general aggregate limit is. However, if you run a high-risk business and are vulnerable to catastrophic claims, you’ll want to make sure your general aggregate limit is high enough.

Insurance limits are a balance between coverage and cost. Choosing an appropriate insurance limit for your business is a tricky process. It’s best to research the risks associated with your industry and the number of claims that typically occur. Once you know the risks involved, discuss these factors with your independent insurance agent. Your agent will be able to determine the amount that is likely to provide adequate coverage.

When choosing your commercial auto insurance policy, you’ll need to determine what limits apply. Some states mandate that your business have a per-occurrence limit. An occurrence limit limits the amount of the claim that is covered in one incident, while an aggregate limit covers the total of all covered claims over the entire policy term. An aggregate limit will likely cover the most claims if multiple accidents occur over a period of time.

Choosing a liability insurance policy that covers auto product accidents is critical, but there are also specific considerations you should make for the specific needs of your business. For example, liability insurance does not cover claims for defective products that do not cause property damage or injury to third parties. This type of coverage also does not cover the costs of product recalls.

Products-completed-operations coverage does not apply to personal injury claims, but it does cover property damage and bodily injury claims. It also has an aggregate limit, which limits the total coverage to $1 million over the policy’s duration. After that, insurers do not cover additional claims until the next policy period.

In addition, it is essential to have Additional Insureds coverage, which protects the company’s owners and contractors. Products-completed operations insurance, on the other hand, will cover the cost of defending the business if a claim is filed. This type of insurance is often required by state law.


You’ll need to ensure that your subcontractor has commercial auto insurance coverage in order to protect yourself from accidents and other issues. Subcontractors are especially at risk of auto accidents since they are often travelling from one job site to another. Commercial auto insurance covers these risks, allowing you to continue working and pay your bills while you are on the road. Other important insurances you’ll need include workers comp insurance, which will cover any medical costs incurred by your workers. In addition, you’ll need professional liability insurance, which will protect you financially in case of errors made by professionals.

In addition to commercial auto insurance, it’s important to consider whether subcontractors will need their own insurance policies. This way, the employer won’t end up paying more than the subcontractor. In addition, your subcontractor can select from a range of different types of insurance. These include liability, workers’ compensation, errors and omissions, and commercial auto insurance.

Your business may have a contract that specifies the types of insurance the subcontractor must carry. For example, if the subcontractor’s vehicle is damaged while working on a construction site, the insurance company will cover the costs of repairs. The insurer may also cover the subcontractor’s valuable tools and equipment.

Commercial auto insurance is crucial for a subcontractor who drives for a client. Without it, other parties can sue the subcontractor or the employer if an accident occurs. Without insurance, the subcontractor’s employer could lose out on money.

It is a standard policy of PBIB to quote, using multiple carriers.


There are many factors that influence the price of a commercial auto insurance policy. Some of these factors can be customized, while others can’t. The following list details the factors that insurance providers take into account when establishing rates. For example, if a business operates a fleet of vehicles, keeping the mileage of the fleet to a certain limit can result in lower premiums. Likewise, if a fleet has fewer vehicles, this may also reduce the premium.

Some insurance providers will provide discounts for bundling policies. This means having several insurance policies through the same insurance provider. Commercial auto insurance may also cover your personal auto policy, although there are differences between the coverage limits. It is best to consult with your insurance provider to make sure this is an option for you.

Whether you are operating a small business or own a large company, you need the right commercial auto insurance policy. Many states require businesses to have liability and property damage coverage, and many also require medical payments and uninsured/underinsured motorist coverage. Also, you should consider purchasing personal injury protection, or PIP, if you use your vehicle for work.

Some insurance providers will offer discounts to members of certain professional associations. Some of these include the Restoration Industry Association, Building Trades Association, and the Painting and Decorating Contractors of America. These organizations may qualify for additional discounts on your commercial auto insurance. Lastly, you can ask your insurance agent about any discounts you might be entitled to.

If you own a business that uses multiple vehicles, commercial auto insurance may be the only way to cover these vehicles. These policies provide a comprehensive policy that protects your business and your employees.

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