Commercial Auto Insurance - P&G Insurance best rates and coverage
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Commercial Auto Insurance

Commercial Auto Insurance

Peterson & Grantham Insurance Brokers offers protective insurance coverage for your commercial auto needs. Whether you own a one man ice cream truck or a contractors business with several commercial vans, we will protect and secure your business assets. We insure all kinds of commercial vehicles including commercial cars, dump trucks, business vans and more. Our goal is to get you the best coverage for your business with the best rates available. Call or contact us directly HERE.

What does commercial auto mean in insurance?

Commercial auto insurance is a business insurance policy that applies to autos owned by or used in your business that protects your business against liability for damages caused by accidents involving your business autos and provides certain compensation to occupants of your business autos injured in accidents.

The most evident difference between business insurance and commercial auto policies involves how work-related vehicles are used are used. Business auto insurance covers vehicles used for trips through regular traffic, whereas commercial auto insurance covers specialized vehicles designed for specific jobs. Follow us on facebook for latest news and offers.

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Coverage, Classification and Limits of Insurance

Commercial automobile coverage is similar to the coverage you may carry on your personal auto; however, commercial automobile exposures can be more complex requiring specialty coverages to be considered based on the individual needs of your business.  Basically, commercial automobile coverage can protect your company from any liability stemming from automobiles used in your business or any damage to the covered automobile.  A Business Auto Policy (BAP) has the flexibility to provide coverage for business, personal, non-owned, or hired autos based on the coverage purchased and applied to each scheduled auto.

In other words, automobiles can be separately scheduled along with corresponding coverages.  Coverage can differ by vehicle and a symbol or multiple symbols will designate the coverage assigned to a scheduled auto.  These symbols are referred to as covered auto symbols and use a simple numerical system (1-13).  The automobiles are classified by weight (light, medium, heavy, extra heavy) and by type of use (private passenger, service, commercial).  Unlike personal auto policies that separate bodily injury and property damage limits (split limits), BAPs commonly utilize a Combined Single Limit (CSL) for the limit of insurance.  This creates higher limits for both coverages, including per occurrence limits.  Common commercial automobile CSLs are $500,000 or $1,000,000.

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