Call Us (201) 664-2973 ☰ ˟
Get A Quote Customer Service


Johl & Company
(201) 664-2973

  • Home
  • Coverage
    • Automobile
    • Business
    • Commercial Auto
    • Cyber Liability
    • Health
    • Homeowners
    • Life
    • Motorcycle
    • Personal Umbrella
    • Workers Compensation
  • Get a Quote
    • Automobile
    • Business
    • Commercial Auto
    • Health
    • Homeowners
    • Life
    • Motorcycle
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Johl & Company
    • Our Office
    • Our Reviews
    • Privacy Policy
  • Contact
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Blog > Which Types Of Commercial Auto Insurance Should I Have?
MONDAY, MAY 24, 2021

Which Types Of Commercial Auto Insurance Should I Have?

If you operate a business in which trucks, vans, cars, or other motor vehicles are necessary, you need commercial auto insurance. A challenge to this type of coverage, however, is that you have several different options to choose from. Below, we will explain the different types of commercial auto insurance and what types your business should have. Yellow Cars

Types of Commercial Auto Insurance 

Personal Injury Coverage or “No-Fault” Coverage 

This type of coverage will pay for the medical expenses of your drivers and/or passengers if they are injured as the result of a covered accident. Who was at-fault in the accident does not matter. Some states — including Oregon — require this policy from all drivers, commercial drivers included. 

Property Damage Liability (PDL) Coverage 

This is generally a required type of insurance. All states have different auto insurance requirements, and property damage liability is typically one type that is needed in all states. 

If one of your drivers causes an accident with someone else, this type of coverage will pay for the property damages of the other party. 

Bodily Injury Liability (BIL) Coverage 

Bodily injury liability coverage is also typically a required type of coverage, according to most state laws. If one of your drivers causes an accident that impacts someone else, this type of coverage will pay for any bodily injuries (medical expenses) that were incurred by the other driver and passengers. 

Uninsured/Underinsured Motorist (UM/UIM) Coverage 

Some motorists on the road don’t have the proper liability coverage — or none at all. If one of your drivers were to get into an accident with them, the other party’s insurance (or lack thereof) would be unable to pay. UM/UIM coverage protects you from this. 

Collision Coverage 

This type of coverage takes care of damages to the policyholder’s vehicle that occur as a result of a covered collision (being hit or hitting another object). 

 

Comprehensive Physical Damage Coverage 

Lastly, comprehensive physical damage coverage will cover damages caused to your cars or trucks in the event that they are involved in a flood or fire. It also applies if they are vandalized or involved in other perilous situations not related to collisions. 

From small businesses to large enterprises, any company that includes driving as part of their operation must have coverage for those employees doing the driving. 

Remember that you must always have at least the state-required amount of liability insurance for your company’s vehicles, but you should also consider the other types of coverage— especially medical payments, comprehensive, and collision coverage.

 

Posted 4:10 PM

Tags: auto insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • auto insurance(5)
  • life insurance(4)
  • workers compensation insurance(4)
  • business insurance(4)
  • health insurance(3)
  • commercial insurance(3)
  • general liability insurance(2)
  • bop insurance(2)
  • home insurance(2)
  • commercial auto insurance(2)
  • liability(1)
  • general(1)
  • renters insurance(1)
  • flood insurance(1)
  • insurance(1)
  • bop(1)
  • remote workers(1)
  • business(1)
  • commercial(1)
  • business owners policy(1)
  • telecommuters(1)
  • summertime health risks(1)
  • workers comp(1)
  • coverage(1)
  • small(1)
  • homeowners insurance(1)
  • car insurance(1)

View Mobile Version
Facebook
Twitter
Google Maps
LinkedIn
YouTube
Get Directions
Contact Us Today
Have Questions?
Contact Us
Resources
Get A Quote
Refer A Friend
Contact Us
About Us
Our Carriers
Blog
Contact us 199 Center Ave.
Westwood, NJ 07675

(201) 664-2973
Fax: (201) 664-7015
© Copyright 2021. All rights reserved. Powered by Insurance Website Builder.