Commercial auto insurance, also known as Fleet Insurance provides coverage for vehicles that are used by a business in order to perform the operations of the company. A commercial auto policy will provide:
- Physical damage coverage for the insured vehicles
- Liability insurance for damages incurred by a third party stemming from usage of the insured vehicles
- Accident benefits coverage should a driver of the vehicle, typically an officer or employee of the company, sustain an injury while operating an insured vehicle.
Having a liability slip for a vehicle does not necessarily imply that a company’s vehicle is covered by an appropriate auto insurance policy which is why obtaining proper commercial auto insurance is critical.
Auto insurance coverage is dependent on the rating classifications assigned to your commercial vehicles. FCA will ensure the appropriate rating has been assigned to your commercial vehicle, so that you are not paying for auto insurance coverage that potentially cannot be used in the event of a claim.