Overview Of Commercial Auto Insurance Florida

1. Commercial Auto Insurance Florida Learn everything about commercial auto insurance in Florida, from legal requirements to common claims and coverage exclusions.

2. Introduction to Commercial Auto Insurance Commercial auto insurance is a policy that covers vehicles used for business purposes. From small delivery trucks to large tractor-trailers, commercial auto insurance protects your vehicles and your business from the unexpected. Small Business Owners Transportation Companies Companies Construction Companies Offering safe and reliable Ensuring coverage for vehicles Protecting your assets and your transportation options for your used in your construction projects your company from devastating employees and customers. and job sites. devastating financial losses.

3. Legal Requirements for Commercial Auto Insurance in Florida In Florida, commercial auto insurance is mandatory for businesses that own and operate vehicles. Florida requires liability insurance to cover minimum bodily injury and property damage, and personal injury protection (PIP) coverage, regardless of who caused the accident. 1 Liability Coverage At least $30,000 for bodily injury ($60,000 per accident) and $10,000 for property damage. 2 Personal Injury Protection Coverage (PIP) At least $10,000 to cover medical expenses and lost wages.

4. Types of Commercial Auto Insurance Coverage Collision Coverage Comprehensive Coverage Uninsured/Underinsur ed Motorist Coverage Covers damages caused by a collision with another vehicle or Covers damages caused by non- object. collision events such as fire, theft, Covers damages from an accident or natural disasters. with a driver who does not have insurance or insufficient coverage.

5. Factors Affecting Commercial Auto Insurance Rates in Florida Insurance companies use various factors to determine the cost of commercial auto insuranceand these factors can impact your rates. Here are some of the factors: Driving Record Type of Vehicle Commercial drivers with clean driving records The value, age, size, and payload capacity of a usually have lower premiums. vehicle can affect its rate. Business Location Industry Type The location of the business and the frequency of The type of industry and the cargo or passengers vehicle use in high-risk areas can impact rates. being transported can affect rates.

6. Common Claims and Coverage Exclusions While commercial auto insurance provides coverage for a wide range of risks, some situations are excluded from coverage. Here are some common claims that may not be covered: Accidents Caused by Intoxication 1 Any accident that resulted from the driver being under the influence of drugs or alcohol is excluded from coverage. Criminal Activities 2 Any accident as a result ofa criminal activity or intentional misconduct is excluded from coverage. Non-work-Related Use 3 Any accident that occurs while the vehicle is being used for non-work-related activities is excluded from coverage.

7. Tips for Choosing the Right Commercial Auto Insurance Policy Choosing the right commercial auto insurance policy can be tricky, but here are a few tips to help you make the right choice: • Assess your needs and the risks involved in your business transportation. • Look for an insurance company that specializes in commercial auto insurance and has deep knowledge base in this area. • Compare quotes and coverages from different providers before making a decision. • Consider additional coverage for your specific needs like roadside assistance, rental reimbursement and more.

8. Conclusion and Next Steps Professional Service Schedule a Consultation Calculate an Estimate Our team of commercial auto We can help you estimate your We are here to help you navigate the complexities of commercial insurance experts are here to help insurance costs based on industry auto insurance to better meet your you understand your coverage impact, business mileage, vehicle unique business needs. options and insurance complexities. types and more.