Commercial Auto Insurance Humble, TX
If you use a vehicle for business reasons, you probably need a commercial auto insurance policy. This type of insurance can provide coverage if you get into an accident while driving your business vehicle. It can also pay to repair damage from non-collision events, such as storms or vandalism.
At Lee Insurance Agency, we work with a wide variety of insurance companies offering affordable, full-coverage commercial auto insurance policies in Humble, TX, and the surrounding communities.
Contact us today at 281-812-8400 to request your free commercial car insurance quote
What is Commercial Auto Insurance?
Commercial insurance is a branch of insurance for businesses and organizations. Commercial auto insurance, specifically, is a policy that covers vehicles people use for business purposes.
This form of car insurance can provide coverage to pay for repairs and injuries if you get into an accident while driving your work vehicle.
It can also help you pay to repair your vehicle if it becomes damaged from a storm, vandalism, or another non-collision-related event.
As an example, if you own a work truck that you drive from work site to work site, that truck needs to be covered under a commercial auto insurance policy rather than your personal policy. In contrast, if you use a work truck owned by your employer during your off time as well, it may already have insurance coverage through the employer’s insurance company.
Our team would be happy to help you understand whether you need commercial auto insurance or a personal car insurance policy.
Why Commercial Vehicle Insurance is Essential
If you own a business vehicle titled in a business name, it will not fall under your personal auto insurance policy. As a result, without a separate commercial policy, you will not have coverage for damage and injuries incurred in an accident.
While some personal auto insurance policies can include a small amount of coverage for business use, you should not assume that this coverage is sufficient. Your insurer could deny coverage if they discover you are using a vehicle for business purposes without disclosing that activity to them.
Additionally, commercial auto insurance typically has higher policy limits than personal policies. These limits can ensure that you have sufficient funds for lawsuits and other liabilities that can arise with business activities.
Commercial auto insurance also provides specialized coverage that may be more relevant to your vehicle usage than personal auto coverage. For example, you can receive coverage for any rented or borrowed vehicles your company uses through these policies as well.
Finally, if you own a business, you can obtain a commercial auto policy that also covers employees who drive your business vehicle. As a result, you can ensure that no gaps in coverage exist that could leave you out of repair funds when you need them.
What Are the Coverages?
You can include several different types of commercial auto coverage in your policy. Here are a few common types of coverage:
Liability insurance can pay for the damage and injuries other drivers experience in an at-fault accident. In Texas, you must have at least the following liability coverage to drive on the road legally:
- $30,000 for each injured person / $60,000 per accident
- $25,000 for property damage
These coverages are the minimum amount required by law. Should you have a severe claim, you could exceed these limits quickly, leaving your business open to lawsuits for the remaining amounts due.
The standard amount of coverage for commercial vehicles is $1,000,000 (combined single limit).
Collision coverage can provide funds to repair or replace your business vehicle if it becomes damaged in an accident. Depending on the policy, this coverage can apply to at-fault and non-at-fault accidents.
Comprehensive coverage can help you pay for non-collision damages to your vehicle. For example, if a storm causes a tree to fall on your work truck, comprehensive coverage could pay for the repairs. You can also use this coverage to replace your vehicle after theft.
Uninsured/Underinsured Motorist Coverage
If another driver hits your vehicle and does not have adequate liability insurance, you can use uninsured/underinsured motorist coverage to pay for your injuries and property damage.
Rental Car Coverage
If your work vehicle needs to spend time in the shop for damage covered by your insurance policy, rental car coverage could provide you with a rental car in the meantime.
Fleet Insurance Coverage
If you own multiple work vehicles, fleet insurance could provide liability coverage for all of your commercial vehicles under a single policy. This type of coverage is ideal for business owners who loan cars to their employees.
Secure a Reliable Commercial Auto Insurance Plan Now
Our team at Lee Insurance would be happy to create a custom commercial auto insurance plan designed to meet your business’s unique needs.
Call us today at 281-812-8400 to request your FREE commercial auto insurance quote.