Owned Vehicles Coverage
Commercial auto for owned vehicles covers liability and physical damage on every vehicle titled in your business name.
Owned Vehicles Coverage
That includes 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.
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.