What Is Business Auto Insurance?

Business auto insurance is essential for any company that utilizes vehicles for commercial purposes. At Betzy Insurance LLC in Indianapolis, Indiana, we provide business auto insurance quotes tailored to your company’s needs. 

What Does Business Car Insurance Cover? 

Business car insurance, also known as commercial auto insurance, is designed to help protect businesses against financial losses that may arise from accidents involving company vehicles. Depending on the coverages you choose, this type of policy may help cover various situations, including: 

• Vehicle damage—This type of policy can address repair or replacement costs from an accident or other covered incidents. 
• Liability issues—Certain commercial auto insurance policies may assist in covering third-party accident-related injuries and property damage, legal fees, settlements or judgments if your company is held responsible for causing injury or damage. 
• Medical payments—Some policies or endorsements may help cover the costs of medical treatment for drivers and passengers following an accident. 

Indiana companies that use vehicles must maintain minimum business auto liability insurance to comply with state laws. If your company uses heavy-duty vehicles like semitrucks, you may also be subject to federal insurance regulations. Your agent may recommend tailoring your coverage with specific policies and endorsements. 

How Does Business Vehicle Insurance Work? 

Business auto insurance requires regular premium payments to maintain the coverage. Companies can typically choose to pay premiums monthly, quarterly or annually. The cost of business auto insurance depends on several factors, including the type of vehicle, usage, driving records, policy types and coverage amounts. 

Liability insurance includes policy limits, which is the maximum amount the insurer agrees to pay for a covered claim. Your agent can help you choose appropriate liability limits. 

You’ll also choose a deductible amount, which your company pays out-of-pocket before the insurance coverage kicks in when you make certain nonliability claims. 

If you must make a claim, contact your insurer or agent immediately after the incident. They can help you open a claim and start the process. An insurance adjustor will evaluate your claim and determine whether it’s covered. 

Contact Us 

At Betzy Insurance LLC in Indianapolis, Indiana, we help Indiana businesses like yours find suitable company auto insurance solutions. Our expertise in the field allows us to offer valuable insights and recommendations tailored to your specific circumstances. Please get in touch with us for a business auto insurance quote that aligns with your company’s requirements. Our team is dedicated to assisting you in selecting a policy to support your company’s financial stability. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.