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Commercial Auto Insurance

Commercial auto insurance will provide protection for vehicles used by your Oregon business whether you’re registered through the state as a sole proprietorship, partnership, corporation, or association. This type of coverage will cover private passenger cars, trucks, trailers, semi trailers, and commercial vehicles except for garages and truckers.

Do you need  Commercial Auto Insurance?

If a vehicle is used for business, you probably need a Commercial Auto Insurance policy. Use the below test to determine if a commercial auto policy is necessary for your business.

If your vehicle is owned by a business, most likely, you’ll need a commercial auto insurance policy. If you’re a sole proprietor, you might only need a personal auto insurance policy.
If your vehicle is used for business purposes, you’ll probably need a commercial auto insurance policy.
If the vehicle you drive is heavier than a normal size pickup or SUV, like a dump truck, tow truck, or semi truck and commercial trailer, you might require a commercial auto insurance policy. Heavy duty vehicles can cause more damage if they’re involved in an accident and sometimes require special insurance coverage’s.

The insurance coverage’s in a commercial auto insurance policy are similar to that of a personal auto policy. There are 8 specific functions in your commercial auto insurance policy

This coverage applies to injuries you, the designated driver or policyholder cause to someone else. Your commercial auto insurance is going to allow you to select coverage for any auto, owned autos only, owned private passenger autos only, owned autos other than private passenger autos, specifically described autos, hired autos, and non owned autos.
This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else’s property. Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your commercial auto hits.
This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else’s property. Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your commercial auto hits.
This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else’s property. Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your commercial auto hits.
This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else’s property. Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your commercial auto hits.
This coverage will reimburse you if you are hit by an uninsured or hit-and-run driver. This coverage comes into play when an at-fault driver has insufficient insurance to pay for your loss.
This coverage will reimburse you if you are hit by an uninsured or hit-and-run driver. This coverage comes into play when an at-fault driver has insufficient insurance to pay for your loss.
Non owned auto provides coverage for autos that the policyholder does not own, lease, hire, rent, or borrow that may be used in conjunction with their business. This would provide coverage for autos owned by employees of the business or members of their households but only while used for business purposes.
Coverage for business drivers without a personal auto insurance policy.
If a vehicle is owned by your business you want to make certain that the name of the business appears on the title of the vehicle and on the name of the policy as the named insured. If your name is listed rather than your business name it can cause a conflict in the event that you need to file an insurance claim or a claim is filed against you.

Commercial Auto Insurance Costs 

Commercial Auto Insurance costs are based on a number of factors which include:

  • Type of vehicles driven
  • Territory
  • Expected mileage
  • Usage
  • Loss experience
  • Loss prevention efforts

Reach out to me when you’re considering Commercial Auto Insurance. I will discuss with you how it works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Commercial Auto Insurance quotes from multiple insurance carriers so you can get the best possible rate.

As an insurance broker I help businesses throughout Oregon and the Pacific Northwest manage risk.