Commercial Automobile Insurance

Commercial Auto Insurance is needed to cover the automobiles used in conducting your business. This is a policy of Physical Damage and Liability coverage’s which are not covered by a personal auto policy. Commercial Auto Insurance provides coverage’s much like your personal policy, but are written and rated differently. Since certain business usage and types of vehicles may be excluded from personal policies it is important for you, as a business owner, to understand which type of policy is right for your business. The experts at Lamarca Insurance are here to help!

When reviewing your current coverage’s or desired coverage’s be sure you are aware of what the coverage’s mean by taking a look at our Commercial Auto Terms listed below.

Commercial Auto Terms

Bodily Injury is a liability coverage which pays for bodily injury or death resulting from an accident for which you are at fault.  In most cases, this coverage will provide you with legal representation as well.

Property Damage is liability coverage which pays for damages caused by your vehicle to another person’s property from an accident for which you are at fault.  In most cases, this coverage will provide you with legal representation as well.  Minimum of $10,000 REQUIRED by the State of Florida

Combined Single Limit (CSL) – Liability policies typically offer separate limits for Bodily Injury claims and Property Damage. A CSL policy has the same amount of coverage per covered occurrence whether it is for Bodily Injury or Property Damage, one person or several people.

Personal Injury Protection (a.k.a. PIP or No Fault or Medical Payments) ) provides payment for the insured driver, children and household members of the insured and other passangers that do not have PIP coverage of their own.  PIP is very broad coverage which may provide medical benefits, disability benefits, and death benefits to an injured party, regardless of fault.  Minimum of $10,000 REQUIRED by the State of Florida.

Comprehensive provides coverage in the event of damage or loss to an insured vehicle caused by incidents other than a collision.  This includes damage due to theft, fire, vandalism, windstorm or other perils.

Collision covers damage to your vehicle in the event of a collision.  Collision must be written in conjunction with Comprehensive.

Medical Payments offers additional coverage for medical expenses beyond what PIP covers.

Department of Transportation requires $300,000 CSL for vehicles weighing over 44,000 lbs.