Many businesses and companies require vehicles in order to complete their work.
A traditional business owners’ insurance policy does not cover the cars, trucks or vans owned and operated by a company or its employees. What’s more: A traditional personal auto insurance policy has limited coverage or accidents that occur when that vehicle is being used for business purposes.
This is where commercial auto insurance comes in. But the applicable waivers and the endorsements that can be included in a business auto insurance policy are nearly as varied as businesses themselves.
Some of the details an insurance agents, broker or carrier will explore while determining a company’s business auto insurance needs include how the vehicles are used, who drives them, and whether vehicles are rented, leased or owned.
When insurance coverage confusion arises in the face of a claim, agents and brokers can turn to FC&S Expert Coverage Interpretation for answers to complex policy questions. The slideshow above illustrates some of the nuances that apply to commercial auto insurance policies as outlined by FC&S Editors.
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