What is covered by commercial auto insurance in Florida?

Commercial auto insurance covers injuries that you or your employees may cause to other people and their property while driving.

A typical commercial auto policy may include:

• Liability coverage
• Medical payments coverage
• Comprehensive coverage
• Collision coverage
• Uninsured and underinsured motorist coverage
• Coverage for vehicles you rent or borrow
• Coverage for employees who use their cars for business

There are three basic parts of every commercial auto policy:

• Physical damage insurance − includes collision and comprehensive coverage
• Liability insurance − includes bodily injury, property damage, uninsured motorist and underinsured motorist coverage

Other coverage − includes medical payments, towing and labor, rental reimbursement and auto loan or lease gap coverage.

Specific things covered:

Collision insurance 
Pays for damage to your vehicle if you hit another vehicle, another vehicle hits you or your vehicle rolls over, regardless of who is at fault. Collision coverage may be required if your vehicle is financed or leased.

Comprehensive insurance 
Pays for damage to your vehicle from causes other than an accident. Such causes may include theft, flood, vandalism, earthquakes, fire or damage from a bird or animal.

Liability insurance 
Covers bodily injury to others and any property damage to another vehicle if you are at fault in an accident. Bodily injury pays others’ medical costs and lost wages, and your legal expenses if a lawsuit is brought against you due to an accident.

Uninsured motorist coverage 
Pays for your injuries or property damage if you’re hit by an uninsured driver.

Underinsured motorist coverage 
Protects you if the at-fault driver doesn’t carry enough liability insurance to cover your bills

Additional Options
Beyond these basic components, you can customize your business auto policy with the following coverages or endorsements:

Roadside Assistance  
Protects you when problems arise that are not typically handled under your commercial auto policy. This could include being locked out of your car, dead batteries and flat tires.

New vehicle replacement cost coverage  
Replaces your new vehicle under a total loss with a new or comparable vehicle. Also provides gap coverage for any amount you may owe that’s above your car’s actual cash value.

Hired auto physical damage with loss of use coverage 
Covers comprehensive and collision damage to a leased or rented vehicle, as well as any other contractual obligations to the leasing or rental company.

Auto loan or lease coverage  
Covers the difference between the unpaid amount on the loan or lease and the actual cash value of the vehicle, if your vehicle is a total loss after an accident.

Expanded towing  
Provides towing coverage beyond what’s covered by your standard business auto policy. It also covers towing, jump starts and minor roadside repairs.

Rental reimbursement  
Pays for a rental car up to the limits of your policy so you have transportation after an accident.

Medical payments or personal injury protection coverage  
Pays for medical expenses if your health care insurance – or your passengers’ – doesn’t cover the costs.

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