Commercial Auto Insurance Coverage Options
In addition to the coverage required by the state of New York, there are a wide variety of coverage options to choose from, similar to those offered in a personal auto policy.
You can choose from protections including:
- Collision Insurance for damages to your car sustained in a crash
- Comprehensive Insurance for other damages to your car, such as fire, theft, and vandalism
- Roadside Assistance
- Rental Car Reimbursement
- Drive Other Car Coverage
Rather than specifying coverage limits for property damage vs. injury, your commercial auto policy will typically have one combined limit. This provides more comprehensive protection for your business across a wide range of accident situations.
If you rely on employee-owned autos exclusively, you can purchase a hired non-owned policy only, or you can purchase it in addition to your commercial auto policy. This helps to provide protection for the cars your company does not own and can be cost efficient for your business.
Many states, including New York, require auto insurance coverage for all vehicles. If your company uses vehicles as part of business operations, you must have commercial auto insurance to protect your business and comply with state regulations.