About Commercial Auto Insurance

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Commercial vehicle insurance is needed to cover the cars, trucks, and vans used in conducting your business. Large fleets as well as small businesses should be properly covered by a commercial auto insurance policy.

What is commercial vehicle insurance?

Commercial Vehicle Insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto policy. This type of business insurance covers a variety of vehicles and is also referred to as commercial auto insurance, commercial car insurance, truck insurance, or fleet insurance.

Why do you need commercial vehicle insurance?

In general, if a vehicle is used in tasks related to the operator's occupation, profession or business, other than commuting, a commercial policy is necessary.

  • If you are using your vehicle to transport goods or people for a fee or if you use your vehicle to conduct a service, you may need a commercial auto insurance policy.
  • A commercial auto policy may be appropriate if you need higher limits of liability because of the nature of your work.
  • Hauling a considerable weight in tools or equipment or towing a trailer used to conduct your business may require a commercial vehicle insurance policy.
  • A commercial insurance policy may be needed if employees operate the vehicle or if ownership is in the name of a corporation or partnership.

Many business uses and vehicle types may be excluded from personal policies. GEICO can help you determine the coverage you need based on how your vehicles are used in conducting your business and who will be driving your vehicles.

What does commercial vehicle insurance cover?

Commercial vehicle insurance, like your personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments (or personal injury protection) and uninsured motorists coverage. However, there are also differences between a commercial auto insurance policy and your personal auto policy that may include eligibility, definitions, coverages, exclusions, and limits.

What are the coverages?

  • Bodily injury liability coverage – pays for bodily injury or death resulting from an accident for which you are at fault and provides you with a legal defense.
  • Property damage liability coverage – provides you with protection if your car accidently damages another persons property. It also provides you with a legal defense.
  • Combined single limit (CSL) – Liability policies typically offer separate limits that apply to bodily injury claims for property damage. A combined single limits policy has the same dollar amount of coverage per covered occurrence whether bodily injury or property damage, one person or several.
  • Medical payments, no-fault or personal injury coverage – usually pays for the medical expenses of the driver and passengers in your car incurred as a result of a covered accident regardless of fault.
  • Uninsured motorist coverage – pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
  • Comprehensive physical damage coverage – pays for damage to your car from theft, vandalism, flood, fire, and other covered perils.
  • Collision coverage – pays for damage to your car when it hits or is hit by another object.

Why should I buy my auto insurance from GEICO?

When you think of GEICO, you think of competitive rates and great service – two very good reasons to have your commercial auto policy with GEICO. You also want a company that has the resources to pay your claims. GEICO, a wholly-owned subsidiary of Berkshire Hathaway, Inc., has assets of over $15 billion. Learn more about GEICO's financial strength and the honors and ratings that set GEICO apart from other companies. Some of our policies are issued through National Indemnity Company (NICO). NICO is also a member of the Berkshire Hathaway group of insurance companies and is a financially strong company rated A++ (superior) by A.M. Best. Best of all, when you call, you'll get the same great service from GEICO. Learn more about why you should get your commercial auto insurance policy with GEICO.

Call 1-866-509-9444 for more information about GEICO's commercial auto insurance or go online now to request a free commercial auto insurance rate quote.

Please note:

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

Coverage is underwritten by Government Employees Insurance Company and in some cases coverage is provided through GEICO Insurance Agency, Inc., which has made an arrangement with National Indemnity Company (NICO), a Berkshire Hathaway affiliate.  Some discounts, coverages, payment plans and features are not available in all states. Government Employees Insurance Co. is a subsidiary of Berkshire Hathaway Inc. GEICO: Washington DC 20076

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