If you depend on cars, trucks or vans for your daily business, you need business auto insurance.
Private Passenger Autos
Trucks, Trailers, and Semitrailers
Other Commercial Vehicles
If you depend on cars, trucks or vans for your daily business, you need business auto insurance. Whether its owned, leased, hired or borrowed, business auto insurance protects all private passenger autos as well as all trucks, trailers, semi-trailers and commercial vehicles. You can even extend coverage to cover employees driving their own vehicles while conducting business for you. SI will tap our top-rated insurance companies to work through the options and come up with a custom-tailored business auto insurance plan for you.
Businesses auto insurance is similar to personal auto in that you can select various levels of coverage. Most states have a set minimum amount you must carry, but you can add and adjust other levels to fit your specific business needs. Policy provisions where you can adjust your levels of coverage include:
PA Minimum Liability Insurance Requirements
In the state of Pennsylvania, you must carry bodily injury liability coverage with minimum limits of $15,000 bodily injury (each person) and $30,000 bodily injury (per accident). You must also carry property damage liability coverage with a minimum limit of $5,000. These PA state required limits are too low when considering the injuries or damage that can occur as a result of an auto accident. We always recommend that you purchase higher limits of liability. All of our business auto policies carry a $1 million limit of liability.
By not having adequate coverage you are opening your business up to serious financial risk. We will help you walk through what limits are most appropriate for you to make sure you are protected but not paying too much.
Having insurance to protect other people is required (what we talked about above),but having coverage for your own car is not. Depending on the age and type of car some business people choose to not carry comprehensive or collision insurance on their cars. This means that if they were in an at-fault accident the person you hit would be covered but the damage to your car would not.
The two coverages that protect your vehicle are comprehensive and collision.
You cause an accident and destroy your front bumper. You run into your garage door while you are late for work. You slide on ice and hit a road sign scraping the whole side of your car. These are some examples of where collision coverage would come into play. You would be subject to your collision deductible that you choose and then the insurance company would take care of the rest.
This is sometimes referred to as “other than collision” or everything else such as theft, vandalism, fallen trees, hail, and animals to name a few. Full glass coverage is also available under comprehensive, which means that if you would need a new windshield because of a rock, that would be covered.
*The higher the deductibles carried the lower the vehicle premium.