Commercial Auto Insurance from Massachusetts Agents
What is it?
Commercial auto insurance provides coverage for business-owned cars, vans, trucks and other vehicles. Coverage can protect vehicles, employees and others who are involved in accidents.
Who needs it?
Massachusetts businesses are generally required to insure all vehicles taken on public roadways with at least minimum levels of coverage. Many businesses choose to purchase more coverage.
- Bodily Injury Liability Coverage
- Personal Injury Protection (PIP)
- Property Damage Liability Coverage
- Comprehensive & Collision Coverage
- Uninsured Motorist Coverage
What is commercial auto insurance?
Massachusetts businesses that own and/or operate vehicles generally need to insure their vehicles, and personal auto policies often don’t provide sufficient protection. For insuring business vehicles, commercial auto insurance is commonly needed.
Commercial auto insurance shares similarities with personal auto insurance, but there also are points of distinction between the two types of policies. Commercial policies frequently are adjusted to insure different types of vehicles, cover greater numbers of vehicles, and offer higher limits.
What Massachusetts businesses should purchase business auto insurance?
Massachusetts state law broadly requires most vehicles to be insured, and this requirement typically extends to commercial vehicles as well as personal ones. Thus, businesses that have and/or use vehicles should expect to need at least state-stipulated minimum levels of coverage. Many businesses choose to purchase additional coverage, beyond what’s legally required, so that they’re better protected.
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The following are a few examples of businesses that might need business auto insurance:
- Restaurants that offer deliver
- Taxi drivers and limousines
- Emergency responders
- Local and regional deliverers
- Contractors with trucks/vans
- Waste disposal services
- School districts
There are still many other businesses that use vehicles and therefore should have business auto insurance in place.
What coverages are available through business auto insurance policies?
Depending on their terms and conditions, business auto insurance policies may provide coverages such as:
- Personal Injury Protection (PIP): Might cover drivers and passengers’ injuries when they’re in company vehicles
- Bodily Injury Liability Coverage: Might cover others’ injuries when they’re not in company vehicles (e.g. other drivers, pedestrians)
- Collision Coverage: Might cover damage to company vehicles that occurs during multi-vehicle car accidents
- Comprehensive Coverage: Might cover damage to company vehicles that occurs during other incidents (e.g. break-ins, falling trees)
- Property Damage Liability Coverage: Might cover damage to others’ vehicles and property that occurs during accidents
- Underinsured and Uninsured Motorist Coverage: Might cover accidents caused by inadequately insured drivers
An insurance agent who specializes in business auto policies can help businesses explore all of the coverage options that are available to them.
What is hired and non-owned commercial auto coverage?
When businesses don’t own vehicles but use them, hired and non-owned commercial auto coverage might be sufficient. The insurance generally provides liability coverage for employee-caused accidents, leaving vehicle owners to insure their own cars against collision and comprehensive damage.
Hired and non-owned coverage is most often used when a business relies on rented vehicles or employee-owned vehicles. For example, small moving companies might want this insurance when renting trucks. Pizzerias might need it for their delivery drivers’ vehicles.
A knowledgeable agent can help businesses determine whether this type of commercial auto coverage is right for them.
How can businesses in Massachusetts get quotes for commercial auto insurance?
If you need help securing commercial auto insurance for Massachusetts-registered vehicles, contact the independent insurance agents of Norwood Insurance Agency. Our agents can help you compare quotes from several insurance companies in the state, since we’re independent. After we’ve gathered the quotes and looked them over with you, we also have the expertise needed to help you decide which one best meets your business’s commercial auto coverage needs.