South Florida Insurance Center

Florida Commercial Auto 

Insurance Coverages

COVERAGE

DESCRIPTION

Liability

This typically provides coverage to an insured business for legal obligations to pay damages due to bodily injury to others or for damage to their property arising out of a covered loss.

Medical Payments

Provides coverage for doctor, hospital, and reasonable and necessary surgical expenses incurred by you, covered family members, and your covered passengers due to a covered accident regardless of the insured's fault.

Collision

Collision Coverage typically covers an insured automobile for damage caused by a collision with another object or from the auto being overturned. Collision Coverage is usually required if you have a loan or lease on your business vehicles. Here, you choose a deductible amount instead of a limit. The deductible is the portion of a covered loss that you pay before the insurance company becomes responsible for payment under the policy. A larger deductible usually means a lower premium.

Comprehensive

This coverage provides protection to an insured automobile for covered losses not caused by collision or from the car being overturned. It typically provides protection including but not limited to covered loss caused by fire, theft, hail, flood or vandalism. Comprehensive Coverage is usually required if you have a loan or lease on your business vehicles. Here, you choose a deductible amount instead of a limit. The deductible is the portion of a covered loss that you pay before the insurance company becomes responsible for payment under the policy. A larger deductible usually means a lower premium.

Rental Reimbursement

If you have a covered comprehensive or collision loss as an insured person, this coverage typically reimburses you for the cost of renting cars from a rental agency or garage, up to the dollar amount limit per day shown on your policy. Please note: this optional coverage is only available if you’ve also purchased comprehensive coverage.

Employers Non-Ownership Coverage

Covers the named insured's liability for autos not owned by them, such as employee's car, which are used in the named insured's business.

Hired Auto Liability

Covers the named insured's liability for autos the named insured leases, hires, rents or borrows. This does not include any car owned by any of the named insured's employees, partners or members of their household.

This is a brief description; it’s not part of any contract of insurance. The policy terms and conditions determine whether a loss is covered and if so, to what extent.