Commercial Auto Insurance in Lancaster, OH
Commercial auto coverage is essential for all business vehicles in Ohio. This type of policy may help financially secure your company’s vehicles, drivers and transported goods from roadway incidents and accidents.
Why is Commercial Auto Insurance Important?
If your business owns vehicles or allows employees to use their personal vehicles for work, it takes on potential risk. Commercial auto insurance may help limit the financial impact of accidents by offering support when damage or injury occurs. Additionally, many states, including Ohio, mandate coverage by law, meaning you could face costly fines and penalties for noncompliance.
Who Should Carry Commercial Auto Insurance?
Your business may need commercial auto insurance if you use the following:
- Company-owned vehicles
- Employee-owned vehicles used for business tasks
- Rented or leased vehicles for business use
- Larger personal vehicles classified as commercial
What Does Commercial Auto Insurance Cover?
Policies can be customized to address different risks. Your agent may suggest the following coverage types:
- Bodily injury liability coverage for third-party medical expenses or fatality claims for which your business is at fault
- Property damage liability coverage for repair costs involving others’ property following accidents for which you’re to blame
- Hired/non-owned auto liability for vehicles not owned by your business
- Collision coverage for damage to your own vehicles sustained in crashes
- Comprehensive coverage for events like fire, theft or severe weather
- Medical payments coverage for employees’ vehicle-related injuries
- Uninsured/underinsured motorist coverage for accidents with inadequately insured at-fault drivers
Commercial auto insurance policies often exclude coverage for intentional damage, fraudulent claims and personal use of business vehicles in certain situations. They also typically don’t cover accidents involving unlicensed drivers, racing or illegal activities. Damage from pollution, wear and tear or using the vehicle outside its intended business purpose are also often excluded.
Secure a Policy Today
Gary A Gibson Ins Agency, LLC offers commercial auto insurance at favorable rates. If you’re based in Lancaster, OH or nearby areas, our team can help streamline your coverage search. Contact us today to get started.