Common Claims Covered by Commercial Auto Insurance 

Whether your business owns a fleet of semis, sends drivers out on deliveries or transports passengers around Hammonton, NJ, you need commercial auto insurance. In New Jersey, this type of insurance is required by law for any business that uses motor vehicles for commercial purposes. Fortunately, in addition to satisfying legal mandates, understanding and procuring a suitable policy can also financially protect you from many vehicle-related incidents.

5 Common Situations Often Covered by Your Policy

Commercial auto insurance needs and coverage details can vary depending on your location, fleet specifications, operations and other unique circumstances. Still, in many cases, policies may help with the following types of claims:

1. Third-party bodily injury—Imagine one of your employees is conducting a routine trip across town and accidentally causes a crash. Occupants of the other vehicle suffer broken bones and must be transported to the hospital. In these situations, your business would be held liable for resulting medical bills and other financial losses, which your commercial auto coverage might help pay for.
2. Collision damage—In the aforementioned scenario, your employee was the at-fault party in an accident. In addition to other motorists being injured, your business’s vehicle was also damaged and requires repairs. Fortunately, your insurance may help pay for these costs if your policy includes collision coverage.
3. Third-party property damage—In addition to potentially covering other parties’ medical bills if they’re injured in an accident for which your business is liable, your insurance might also help pay for damage to their property. For example, if one of your vehicles crashes into a client’s building, your policy might cover repair costs.
4. Criminal acts—Your business’s vehicles may be targeted by vandals and thieves at some point. Fortunately, if you have comprehensive coverage, you might be able to recoup losses arising from such crimes.
5. Weather-related losses—If your commercial auto insurance includes comprehensive coverage, you might also be eligible for aid if your vehicles are damaged or destroyed by natural disasters and severe weather, such as floods and hail.

Find the Right Policy Near You

At M.L. Ruberton Agency, we can help your Hammonton, NJ business understand its commercial auto insurance options and secure the right policy. Contact us today to get a free quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.