Florida Commercial Auto Insurance

If your business has registered any vehicle in the state of Florida, commercial auto insurance is needed to provide the correct coverage. It does not matter if it is a car, truck, or van – or whether your company is big or small – commercial auto insurance is required.

Commercial auto insurance is similar to personal auto insurance as it covers physical damage and liability in an accident. However, with commercial auto insurance, it is a business that purchases the policy. Occasionally this type of insurance is called fleet insurance because many companies need to insure a fleet of vehicles to do their work.

The main difference between commercial and personal [insurance] is the ability to insure multiple vehicles and drivers under one policy. Also, there are certain vehicles you cannot get a personal auto insurance policy for, but you can get a commercial one. Florida commercial auto insurance is written and rated specifically for businesses and so should not be compared to its personal counterparts.

Commercial auto insurance will cover you for liability, comprehensive, collision, and uninsured motorist. There is also the possibility for adding coverage that will cover medical payments for personal injury protection. Commercial auto insurance includes your usual bodily injury liability and property damage liability coverages. It also includes a combined single limit (CSL) liability add on that offers separate limits for physical injury for property claims. This means there is one amount of coverage that covers both physical and property damage for one or many covered individuals. Comprehensive coverage is good in case of theft, vandalism, fire, and floods.

There are a lot options for commercial policies depending on a company’s industry and needs. There are specialized policies for semi-trucks that travel around the country or cab/taxi companies or tow truck businesses. Bus companies and limo companies, will also require a commercial auto insurance policy. Each of these types of coverage will require different policies.

These auto insurance companies can tailor each policy to meet a business’s unique needs. If your company is only active during certain seasons or times of year or if it is brand new, your policy can be written to reflect the needs you will require. Often a commercial auto insurance policy will be much more affordable than trying to insure each vehicle individually. It will also give business owners more flexibility in terms of who is insured to drive what vehicle.