Commercial Auto Insurance is a type of insurance designed to protect vehicles used for business purposes. This coverage helps pay for damages resulting from accidents, theft, or vandalism involving company vehicles. It can cover cars, trucks, vans, and other vehicles used for transporting goods or employees.
Businesses typically need Commercial Auto Insurance to comply with legal requirements and to safeguard their assets. Policies can vary in coverage options, including liability, collision, and comprehensive coverage, ensuring that businesses are financially protected against various risks associated with operating vehicles for commercial use.