When your car is your means of subsistence, you should take every precaution to keep it safe. The business car insurance that best fits your profession depends on several criteria.

Your insurance agent will work with you to tailor your policy to your specific needs, such as if you often cross state borders, transport freight, or tow a personal vehicle. Keep reading for a comprehensive rundown of the various business auto insurance policies that might be useful.

Liability

The bare minimum of coverage for a business vehicle is liability insurance.

If you cause an accident and other people or their property are harmed. As a result, your insurance will pay for the damages. It may also pay for your legal representation if you are sued because of an accident.

Injury to the body

“physical damage coverage” refers to protecting your car from any physical harm. You may choose between full comprehensive and fire and theft with combined additional coverage (CAC) insurance and collision coverage.

If your car is involved in an accident, collision insurance will cover the costs of repairs. If your car is damaged in a collision, rolls, or overturns, collision insurance may help pay for repairs or replacement costs.

However, comprehensive insurance will cover your car in case of theft or damage that wasn’t caused in an accident. Like comprehensive insurance, fire, and theft with CAC protects against financial loss in case of a covered peril other than an accident.

MedPay, or medical payments protection, is an insurance policy that helps pay for medical care after an accident.

If you or anybody in your car is hurt in an accident, regardless of fault, this coverage might help pay medical bills.

Driver without insurance

Whenever your motorist has an accident with someone who does not have liability insurance or who does not have enough liability insurance to cover the losses, your company may be protected by uninsured motorist insurance.

Uninsured motorist insurance is a term that may refer to three different types of insurance, depending on the state. Some examples of these are:

Insurance against drivers who haven’t paid for their medical expenses

Coverage for drivers who are underinsured or UIM.

Insurance for property damage caused by an uninsured driver (UMPD).

You and your passengers may be compensated for medical costs, missed pay, and emotional distress.

Swapping Trailers

Most states need trailer interchange insurance if you have a trailer interchange agreement. Trailers exchanged do not fall within the purview of your standard physical damage insurance policy since they are not your property.

Coverage is provided in case of an accident, fire, theft, explosion, or vandalism to the trailer.