Commercial Auto Insurance in Massachusetts
Commercial auto insurance is like personal auto insurance, in that it’s designed to insure vehicles. Commercial policies are simply written to meet the unique needs that businesses have, and premiums are calculated based on how businesses, rather than individuals, use vehicles.
Bodily Injury Liability Coverage
Property Damage Liability Coverage
Personal Injury Coverage
Uninsured and Underinsured Motorist Coverage
What is Commercial Auto Insurance?
Commercial auto insurance is like personal auto insurance, in that it’s designed to insure vehicles. Commercial policies are simply written to meet the unique needs that businesses have, and premiums are calculated based on how businesses, rather than individuals, use vehicles.
What Massachusetts Businesses Need Business Auto Insurance?
Any business that has vehicles that are driven on public roads in Massachusetts need to maintain at least the state’s minimum required levels of auto insurance. In many cases, businesses want more protection than what the state requires. A few examples of businesses that usually need a commercial auto policy include:
- Taxi companies
- Limo companies
- Delivery services
- Bus companies
- Snow plowers and landscapers
(This is far from a comprehensive list.)
Even businesses that don’t own vehicles may need business auto insurance if employees drive their personal vehicles for work-related duties. Personal auto insurance policies sometimes don’t cover work-related driving, so a commercial policy may be needed to ensure employees are still covered when driving for work.
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What Coverages Do Commercial Auto Policies Have?
The coverages that commercial auto policies provide vary from policy to policy. Generally speaking, policies might provide coverages similar to those that are available through personal auto insurance policies, such as:
- Bodily Injury Liability Coverage
- Property Damage Liability Coverage
- Personal Injury Coverage
- Uninsured and Underinsured Motorist Coverage
- Comprehensive and Collision Coverage
How Much Does Business Auto Insurance Cost?
As is the case with personal auto insurance rates, business auto insurance premiums vary a lot. They’re based on many different factors. Where a business is located, how it uses vehicles, and what types of vehicles the business has are just a few of the considerations that underwriters take into account when determining policies’ premiums.
The only way to know exactly how much a policy will cost a business is to request quotes from insurers.
How Can Businesses Get Business Auto Insurance?
Massachusetts businesses that either need or aren’t sure whether they need commercial auto insurance should contact an independent insurance agent who specializes in commercial policies. A licensed, knowledgeable agent can help a business determine whether they need a commercial auto policy. If they do, an agent can then help the business select appropriate coverages and limits. Finally, the agent can compare all of the policies that offer those protections to ensure that the business gets the best price on a policy that provides the coverages it needs.
Insure Your Drivers
Businesses in Massachusetts that have one or more vehicles need to insure those vehicles, just as individuals need to insure their personal cars, trucks and SUVs. Not insuring vehicles leaves a business exposed to both possible legal consequences and potential lawsuits. Commercial auto insurance provides businesses with the auto coverages that they need for their commercial vehicles.
