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Automobile
INSURANCE
FOR YOUR BUSINESS VEHICLES
Commercial automobile
insurance provides valuable protection for your commercially owned
vehicles-as well as for "hired" vehicles you rent, loan
or lease for business use. Typically, policies include:
Liability Coverage
for an Accident Involving Your Company-Owned Cars. This coverage
protects you in case someone else claims you (or someone driving
your covered car) are legally liable for either bodily injury or
property damage.
Medical Payments
for You or Your Passengers. If you are in an accident or struck
by another vehicle, your commercial automobile policy can pay medical
expenses for you (if you are not covered by Workers' Compensation)
and any passengers in your vehicle.
Physical Damage
(Collision). Your commercial automobile coverage also can include
coverage for collisions, providing you valuable protection in case
your vehicle is physically damaged in an accident involving another
vehicle or a stationary object - such as a building, telephone pole,
or guardrail.
Physical Damage
(Comprehensive). If you elect comprehensive coverage on your commercial
auto policy, it pays for physical damage to your insured autos caused
by a variety of risks - including fire, lightning, theft, vandalism,
hail and flood.
Uninsured/Underinsured
Motorist. This coverage protects you in case you are injured in
an accident caused by the negligent operation of an uninsured auto
or by a hit-and-run motorist. It also protects you in case you are
injured by someone who has less liability coverage than you.
Lost Wages for
Accident Victims. Some policies will also reimburse you and any
injured passengers for any wages lost because of a covered accident.
Liability Coverage
for Business Use of Your Employee Cars. If your employees use their
own cars for company business, you will want to make sure your commercial
auto policy provides liability protection for business use of employee
cars. This means that if your employee were ever involved in an
accident while using their own vehicles for company business, you
would be protected if someone sued you for the resulting damage
or injury
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