The average cost of a commercial vehicle accident is over $70,000
(Without insurance, that could come out of your pocket!)
Do I Need Commercial Auto Insurance?
You need commercial auto insurance if you:
Own Vehicles Registered to Your Business: Personal auto policies won’t cover vehicles used primarily for business.
Use Personal Vehicles for Business Activities: Even if you use a personal car for work, your personal auto policy may not cover accidents during business use.
Operate a Fleet of Vehicles: Businesses managing multiple vehicles require specialized coverage for their fleet.
Transport Goods or Passengers: If your business delivers products or services, commercial auto insurance is essential.
Failure to secure the right coverage could leave your business vulnerable to financial losses in the event of an accident.
Safe Harbor covers
Cars and SUVs: For small businesses that require personal-sized vehicles for client visits or service calls.
Pickup Trucks: Often used in construction, landscaping, or contracting.
Vans: Common for delivery services or transporting passengers.
Box Trucks and Cargo Vans: Ideal for businesses involved in logistics or freight delivery.
Food Trucks: Coverage for mobile food and beverage businesses.
Specialized Vehicles: Tow trucks, utility trucks, and other vehicles customized for specific industries.
If your business owns, leases, or uses vehicles for commercial purposes, they likely qualify for coverage.
How Much Does Commercial Auto Insurance Cost on Average?
The cost of commercial auto insurance depends on several factors, including:
Type of Vehicle: Larger or specialized vehicles often cost more to insure.
Business Type: Riskier industries like construction may face higher premiums.
Driving History: A clean record can help lower costs.
Coverage Limits: Higher limits mean higher premiums but provide greater protection.
Number of Vehicles: Businesses with fleets may qualify for multi-vehicle discounts.
On average, small businesses in Georgia can expect to pay between $750 and $2,500 annually per vehicle for commercial auto insurance. For fleets, insurers often provide customized rates based on volume and risk.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance from Safe Harbor includes:
Liability Coverage: Covers property damage and bodily injury to others caused by your vehicle.
Collision Coverage: Pays for damage to your vehicle after an accident, regardless of fault.
Comprehensive Coverage: Protects against non-collision events, such as theft, vandalism, or natural disasters.
Medical Payments: Covers medical expenses for you and your passengers.
Uninsured/Underinsured Motorist Coverage: Protects your business if another driver doesn’t have adequate insurance.
Hired and Non-Owned Vehicle Coverage: Covers rented or employee-owned vehicles used for business purposes.
What Does Commercial Auto Insurance Not Cover?
Employee Injuries: These are covered by workers’ compensation insurance.
Personal Use of Business Vehicles: Some policies may exclude personal use, so it’s important to clarify with your insurer.
Maintenance Costs: Routine maintenance or mechanical failures are not covered.
Intentional Damage: Deliberate acts causing damage to your vehicles are excluded.
Cargo or Tools: Specialized coverage is required for items transported in your vehicle.