Commercial Auto Insurance in Keyport, NJ
Commercial auto insurance is essential for businesses that use vehicles as part of their operations. While personal auto insurance covers individual drivers, commercial auto insurance can financially protect a business’ interests in its vehicles. Contact Colonial Insurance Agency at 732-203-1200 to find out more.
What Is Commercial Auto Insurance? 
Commercial auto insurance is designed to cover vehicles used for business purposes. It can provide financial protection for various incidents, including injuries, property damage and collisions involving work vehicles. This type of insurance is essential for businesses with company cars, trucks, vans or specialized vehicles (e.g., food trucks).
What Does Commercial Auto Insurance Cover?
Commercial auto insurance policies offer several benefits tailored to different loss scenarios involving business vehicles or drivers. These include:
- Liability insurance—This coverage can help pay for damages caused to others when an accident is deemed your fault. This coverage includes bodily injury liability, which can pay for third-party medical bills, and property damage liability, which can pay for damage to another party’s property.
- Hired/non-owned auto liability insurance—This coverage can extend to vehicles not owned by the company but used for business purposes, such as employees’ personal cars or rented vehicles.
- Collision insurance—This can cover damage from accidents with other vehicles or objects.
- Comprehensive insurance—This coverage can pay for damage from non-accident incidents, such as weather damage, fires, theft, vandalism or similar events.
- Medical payments coverage—This can cover medical bills and other expenses (e.g., lost wages) if a driver is involved in an accident, regardless of who is at fault.
How Much Does Commercial Auto Insurance Cost?
Commercial auto insurance costs vary based on several factors, including the type of coverage you choose, your business location and the value of the vehicles to be insured. Colonial Insurance Agency can assess your unique circumstances and provide a personalized commercial auto insurance quote. Contact us today for more information.