CSIS Insurance Services, Inc. Blog
You need commercial auto insurance to protect your company from claims by a third party who wants compensation for any bodily injury caused by the vehicle that your business owns. Auto liability coverage is like your typical insurance, so expect exclusions. There is no coverage for exclusions since these are risks that are uninsurable. The following are the usual exclusions specified in your commercial auto insurance policy.
Expected or Intended Injury
Auto liability insurance will exclude all cases of bodily injury or damage to property that has been intended by the insured. If the insured intentionally caused any injury or damage to any person using the business vehicle, that is an exclusion from the coverage. Causes of such injuries could be a rage. In any case that the injured third party sues you, there is no coverage for that.
Your commercial auto insurance policy will exclude claims against the company, or you, made by injured employees. It is the employer's liability coverage that covers such claims. State laws usually bar injured workers from filing charges against their employer, but they can always sue someone else whom they consider as liable for what happened to them, such as the general contractor.
Care, Control or Custody
This is exclusion that doesn’t cover damage to any vehicle that you own or that you have rented. Physical damage coverage is the one that should cover for physical losses to vehicles that you own or hire. This exclusion also applies to damage to property that is carried or transported on your vehicle. You need transit insurance to ensure this property.
Handling of Property
Commercial auto insurance does not cover injury or damage that has occurred before you begin to load property onto your vehicle or after you have unloaded it. Although states would have different insurance laws regarding what is "loaded" and "unloaded," accidents that happen before or after loading it on, the vehicle will be covered by the general liability policy. Have two types of coverage as you don't know when they'll come in handy.
Some Final Words
Commercial auto insurance is indispensable but make sure that you know the exclusions well. If you don't, you will end up paying a lot since your policy won't cover it. In any case, though, take care on the road and don't hire a reckless man to drive your business vehicle.
At CSIS Insurance Services, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 501-2747. Get your free quote today by CLICKING HERE.
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