Fleet & Commercial Auto
Owned Vehicles Coverage
Commercial auto coverage for owned vehicles provides liability and physical damage protection for every vehicle titled in your business name — cars, trucks, vans, trailers, and specialized equipment. Personal auto policies specifically exclude business use, making a commercial auto policy essential for any vehicle used in business operations.
Fleet & Commercial Auto
What You Need to Know About Owned Vehicles Coverage
Liability Coverage
Covers bodily injury and property damage caused by your employees while operating company vehicles. Commercial auto liability limits should be set based on the assets you need to protect — state minimums are rarely adequate for a business with meaningful net worth.
Physical Damage
Collision and comprehensive coverage for your vehicles protects the investment in your fleet. Agreed value coverage — available for specialty vehicles — eliminates depreciation disputes at claim time and pays the full insured value.
Named Driver vs. Any Driver
Commercial fleet policies can be written to cover any licensed driver of a company vehicle, or limited to named drivers. Understanding this distinction matters when adding new employees or permitting occasional drivers to use company vehicles.