Protects insured persons for damages caused to another person or their property while driving your vehicle. Compensates occupants of your vehicle and pedestrians if they are injured or killed in a collision. Benefits include loss of income, medical and rehabilitation services, funeral expenses, and death benefits.

Can I get commercial auto insurance without a car?

Commercial auto insurance also provides non-owner vehicle coverage. This coverage is used when employees need to drive their own vehicle or a rented vehicle while at work. Because the employee is using a car that’s not owned by the business, they’ll need special coverage to drive it.

Which endorsement to a commercial auto coverage form protects employees while using their own vehicles on company business?

Individual Named Insured Endorsement
An Individual Named Insured Endorsement protects individuals or sole proprietors who have vehicles they use for personal or non-business use listed on their commercial auto insurance policy.

What does it mean to have commercial auto insurance?

Commercial policies can cover either named employees or can offer blanket coverage for all employees. Commercial auto insurance includes extra coverage that personal auto insurance does not, including equipment coverage, like for trailers or forklifts

What is the definition of business auto insurance?

The Business Auto Coverage Form ( commercial auto insurance) is designed to respond to the commercial vehicle exposures and requirements of most business enterprises and has many different endorsements available to customize it to respond to special needs or situations.

Can a commercial auto policy be used for personal use?

The commercial auto policy provides coverage for the vehicles owned, hired or borrowed by the corporation, but not the scheduled vehicles personally owned by an individual. The intent is to exclude the personally owned vehicles that should be insured by a personal auto policy.

Which is the best description of commercial property insurance?

Commercial property insurance can be sold separately as an Individual Line policy (referred to as a monoline policy), or it can be sold as part of a Commercial Package Policy (CPP), which combines two or more commercial coverage parts such as commercial property, general liability, and commercial auto.