Commercial Auto

If your business relies on employees using company vehicles or their own vehicles for your operation, you need commercial auto insurance. Provide yourself and your workers with property damage protection, liability protection, or both. Arcadia insurance can help you find basic commercial auto insurance, or if you operate a fleet of vehicles, commercial fleet insurance. Whether your business uses sedans, work trucks, food trucks, or semitrucks, we can find the right coverage for you. 

Basics of Commercial Auto Insurance: Michigan and Minnesota

Commercial auto insurance is a simple concept, but has many moving parts. Simply, commercial auto insurance covers cars, trucks or vans that you or your employees use while conducting business. At the same time, it covers any personal cars that you use for business. It is very similar to personal auto insurance. However, personal auto insurance excludes coverage that is used for work. Commercial auto insurance would cover you in these instances. This type of policy should be taken very seriously by any business that requires the use of a vehicle in Minnesota and Michigan. Commercial auto insurance is necessary to protect businesses and employees from paying for property damage and medical bills out of pocket because personal auto insurance will not cover you. 

The coverage provided by commercial auto policies is very similar to that of personal auto policies. They can provide liability coverage, collision coverage, or both. This will cover damage to your vehicle, property, or cover and any medical needs. It will also cover the other party’s property and medical needs, as well. The types of vehicles that can be covered under a commercial auto policy are nearly unlimited. Get coverage for cars, trucks, vans, forklifts, and more. One difference between commercial auto insurance and personal auto insurance is that commercial auto typically requires much higher liability limits. 

Does Your Business Need Commercial Auto Insurance?

Nearly every business owner who uses a vehicle for their work should have a commercial auto insurance policy. It does not matter if your business owns the vehicles or if employees use their own vehicles, a commercial auto policy is necessary to provide coverage in case of accidents. This is even true of small business owners and self-employed individuals. Employees can also get their own commercial auto policies if their employers do not cover them as long as you use your own vehicle for more than just commuting to and from work. 

Types of Commercial Auto Insurance Policies: Minnesota and Michigan

There are two main types of policies for if you use vehicles for work in Minnesota or Michigan: business automobile policy (BAP) and fleet insurance policy. 

Business Automobile Policy (BAP)

A business automobile policy (BAP) is sometimes also referred to as a business auto coverage form. These are the most common types of policies used by businesses in Minnesota and Michigan. This is what most people think of when they are thinking about commercial auto insurance. 

Fleet Insurance Policy

Fleet insurance refers to commercial auto insurance policies that cover multiple vehicles. The number of vehicles insured under a fleet policy differs between insurers. Many business owners typically think of fleet insurance when they have dozens or even hundreds of vehicles. However, if you are a business owner with only a few vehicles in Minnesota and Michigan, fleet insurance still might be a good fit for you. Fleet insurance can merely cover multiple vehicles or it can also be used for more complicated coverage demands. Coverage needs can vary greatly for different businesses, such as trucking operations, rental companies, and taxi services. If you own any of these businesses in Minnesota and Michigan, fleet insurance is not only a necessity, it is also complex. 

Arcadia Insurance is the Trusted Choice of Michigan and Minnesota

Arcadia Insurance has the expertise and resources to help every business who relies on vehicles in Minnesota and Michigan. Commercial auto insurance needs vary greatly depending on how many vehicles you have, what types of vehicles you use, and how you use them. Every insurer has different specialties and limitations when it comes to what types of coverage they offer. 

We have access to the best plans through the best insurers around the nation, which means you won’t be stuck with poor policy limits or outrageous premiums. If you need a business automobile policy (BAP) or a specialized fleet insurance policy, Arcadia Insurance has got you coverd. Contact us today and find out why Michigan and Minnesota businesses trust Arcadia Insurance.