Commercial Auto Insurance

For Florida-based businesses that use vehicles as part of their operations, having proper commercial auto insurance coverage is essential to comply with state laws and protect themselves financially in the event of an accident.  

How Much Commercial Auto Insurance Do I Need in Florida? 

Under Florida law, commercial auto insurance policies must meet minimum liability coverage requirements. However, these minimum limits may not cover all potential damages and liabilities in the event of an accident.  

If your company finances vehicles, your lienholder may require full coverage insurance. Your agent can help determine the appropriate coverage for your business. 

What Does Commercial Auto Insurance Cover? 

Commercial auto insurance policies typically cover the following: 

• Property damage liability may help cover damages to third-party property or vehicles in an at-fault accident.

• Personal injury protection (PIP) may help cover medical expenses for you and your passengers, regardless of who caused the accident.

Your agent may recommend the following optional coverages:  

• Uninsured/underinsured motorist coverage may help cover your medical expenses if the at-fault driver has inadequate liability insurance or does not have coverage.

• Comprehensive and collision insurance may help cover damage to your vehicle in a covered accident or incident.

• Guaranteed asset protection (GAP) may help cover the difference between the total payoff amount on your loan or lease and the insurer's settlement if your vehicle is declared a total loss after a covered accident.

• Hired and non-owned auto (HNOA) insurance may help provide coverage for leased, personal and rented vehicles used by your company.

• Umbrella insurance may help cover property damage and bodily injuries when a liability claim exceeds the limits of your company’s other liability policies.

How Does Commercial Auto Insurance Work? 

Commercial auto insurance covers vehicles used for business purposes, such as delivering goods or transporting employees. If an accident occurs, the insurance company will investigate and determine coverage based on the terms of the policy. 

Contact Us 

Proper commercial auto insurance coverage is crucial for businesses that use vehicles in their operations in Florida. At Gene Smith Insurance in Zephyrhills, Florida, we specialize in helping businesses create customized commercial auto insurance plans that provide comprehensive coverage at competitive rates. Contact us today to build a commercial auto insurance plan tailored to your company’s needs.