If you have commercial auto insurance for your business, you’ll be protected from the financial burdens that come from accidents, like vehicle repairs and medical bills. Remember, a covered claim will be subject to your policy's deductibles and limits. Additionally, coverage availability and requirements vary by state.

Here are some common commercial auto insurance coverages to help you get started:

Liability coverage

There are two liability insurance components in a commercial auto policy: bodily injury liability and property damage liability coverage. Almost every state requires auto liability coverage.

Let’s say your employee is driving a company vehicle and causes an accident. Bodily injury coverage helps pay for the other driver's medical bills, and property damage coverage helps pay for their car repairs.

Collision coverage

Collision coverage helps pay to repair your company vehicle or may help pay to replace it if it's a total loss, after a covered accident.

Comprehensive coverage

Comprehensive coverage helps pay for your business vehicle repairs if it’s damaged in a non-collision-related event, like theft, fire, vandalism or hail. For example, if a storm rolls through and hail damages your company car, comprehensive coverage may help pay for repairs.

Uninsured/underinsured motorist coverage

If one of your employees is in an accident and an uninsured or underinsured driver is at fault, this coverage helps pay for your employee's medical bills.

Rental car coverage

If your company vehicle needs to spend some time in the shop after an accident, rental car coverage helps keep your business running with a rental vehicle.