Commercial Auto Insurance for Colorado
- An employee, or owner, hits a pedestrian while driving one of the business vehicles.
- You swerve off the road while running an errand in a company vehicle and hit a parked car.
- An employee is driving to a job and gets rear ended by another driver.
- An employee driving to work in a company vehicle hits another car and totals it.
- An employee runs to the bank in their personal car to make a deposit and gets in an accident, injuring the other driver.
Who Needs Commercial Auto Insurance?
- You own, lease or rent vehicles in the name of your business, or to be used for business purposes.
- You have employees who drive their own vehicles to conduct business (even simply running errands on behalf of the business).
- You have employees who operate leased, rented, or owned company vehicles.
- You take possession of customer vehicles (such as a mechanic, auto detailer, etc)
- You own a restaurant that delivers, even if it’s through a third party, such as Uber Eats or Grubhub.
Many professionals own or lease their vehicle in their business name for tax purposes. This can create a problem with your personal auto insurance. I’ve seen personal auto policies decline coverage because the vehicle was titled in the name of a business. Many personal insurance companies will insure a passenger vehicle titled in a company name, as long as the usage is commercial and the business is an additional insured. It’s best to talk to a professional to make sure your policy is set up correctly. We’re always happy to help. 303.452.6662.
What Vehicles Are Covered Under Commercial Auto Insurance?
Hired/Non-Owned Auto Liability
Are you renting cars or are your employees using their own vehicles? This particular coverage provides business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired), or a non-owned vehicle (employee using their own vehicle on company business). Oftentimes this coverage can be added inexpensively to a business auto policy, or in some cases, a general liability policy.