Commercial Auto Insurance

Your fleet of vehicles = Covered

Many Massachusetts businesses rely on vehicles to get the job done. Deliveries, pick-ups, and transporting goods and equipment are considered business activities and may not be covered by a personal automobile policy. Whether your company owns vehicles or uses employee vehicles for company business, you may need commercial auto insurance.

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Commercial Auto Insurance Framingham

Massachusetts Commercial Auto Insurance

Determining if you need commercial auto insurance is a difficult task for many businesses. If your company owns or leases one or more vehicles, the answer is yes. However, if your employees use their own vehicles you may also need a commercial auto policy. Often, personal auto policies specifically exclude activities such as deliveries, transporting goods, or for vehicles permanently equipped with business tools and equipment. If you are unsure if your Massachusetts business needs a commercial auto policy, your agent can help you find out.

Policy Options

Determining if you need commercial auto insurance is a difficult task for many businesses. If your company owns or leases one or more vehicles, the answer is yes. However, if your employees use their own vehicles you may also need a commercial auto policy. Often, personal auto policies specifically exclude activities such as deliveries, transporting goods, or for vehicles permanently equipped with business tools and equipment. If you are unsure if your Massachusetts business needs a commercial auto policy, your agent can help you find out.

  • Bodily injury liability for injury caused to others.
  • Property damage liability for damage caused to other’s property.
  • Personal injury protection for medical expenses for you and your passengers.
  • Uninsured/underinsured motorist coverage.
  • Collision coverage for damage to your vehicle.
  • Comprehensive insurance for damage or loss of your vehicle due to vandalism, theft, fire, wind damage, and other non-collision events.
  • Hired, non-owned coverage for employee vehicles and rentals.

Your agent will help you examine your options to customize a policy specifically for your business needs. Your premium can be affected by a variety of factors, so be sure to ask your agent how you can reduce your costs. Requiring a commercial license, having off-street parking, and increasing your deductible can all decrease your premium payments.

Massachusetts Commercial Auto Insurance Laws

Like many other states, MA requires that all vehicles have insurance. Failure to comply with state law may result in penalties, fees, loss of license or registration, or even jail time. The minimum amounts of auto insurance required are based on personal vehicles; your business vehicles may require additional insurance depending on the specific type and use. Your agent can help you determine the insurance needs for each of your company vehicles.

The minimums required by MA include:

  • $20,000 per person/ $40,000 per accident for bodily injury to others.
  • $8,000 per person per accident for personal injury protection.
  • $20,000 per person / $40,000 per accident for bodily injury caused by an uninsured auto.
  • $5,000 per accident for third party property damage.

Though MA is a no-fault state, lawsuits can still occur if injuries are particularly severe. You may want to purchase additional liability insurance above the minimums for increased protection.

For many Massachusetts businesses, operating a vehicle is an essential part of conducting business. Whether your own an entire fleet and need to beef up your landscaping insurance, or have your employees use personal vehicles, if an accident occurs on company time, your company may be liable. Purchasing commercial auto insurance to cover your company and employee vehicles will provide valuable protections for you and your employees.

 

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