Vehicles driven by employees or used for business activities, such as visiting clients or making deliveries, usually need commercial auto insurance. All rights reserved. Drivers with accidents or violations on their driving record will usually cause your rate to increase. https://www.flhsmv.gov/ddl/FirmCorpEtc.pdf. Contractors need commercial auto coverage for things like transporting various tools and supplies and traveling between job sites. https://www.flhsmv.gov/resources/crash-citation-reports/ It’s best practice to select limits that are best for your business in addition to what’s required by Florida state law. Types of commercial auto insurance include: Business auto insurance. In the state of Florida, according to the Florida statute 320.01 (26) defined on flsenate.gov, a commercial motor vehicle is defined as a “vehicle which is not owned or operated by a governmental entity, which uses special fuel or motor fuel on the public highways, and which has a gross vehicle weight of 26,001 pounds or more, or has three or more axles regardless of weight, or is used in combination when the … CHIC makes it easy to get a quote, purchase insurance, and print your policy documents online, so you can get on with your business, and your life. Insurance Guides Business Insurance Commercial Auto Insurance Cost Many businesses use various types of vehicles to support their operations. An independent agent in Florida can help you find competitively priced commercial vehicle insurance that is compliant with state and federal laws. Commercial auto insurance covers injuries that you or your employees may cause to other people and their property while driving. Commercial auto insurance is just the beginning. We offer Florida commercial auto insurance statewide including these major cities: *No. Any vehicle used to transport people for a fee must be insured by a commercial auto policy. A personal auto policy provides coverage for personally owned vehicles that are operated by individuals or family members for personal use. Commercial vehicles require a separate policy because they’re typically exposed to more risk than personal vehicles. To help minimize cost and inconvenience, Farmers offers a broad range of coverage options so you can select coverage that best fits your needs — from towing and labor to rentals and loss of use. Protect your vehicles, cars or trucks. It separates, or “splits”, the dollar amounts payable by your insurer for bodily injury and property damage into three groups. Most use some type of vehicle (food truck, delivery van, passenger vehicle) for supply pickup, product delivery, and business tasks assigned to employees during business … Commercial Auto Insurance helps your business cover the financial costs resulting from an auto accident if you or an employee is found at fault. They are designed to protect your business and your employees from catastrophic loss. We offer protection whether you own a wrecker, rollback or roadside repair vehicle. A vehicle with a local route within Fort Lauderdale's city limits is considered lower risk than a vehicle with a regional route that covers the entire Florida panhandle. taxi insurance, limousine insurance, livery insurance and NEMT insurance. Whether you know exactly what you're looking for or need assistance figuring out the type of coverage you need, our representatives are here to assist you. Commercial Auto Insurance vs. Florida state law requires a minimum of $10,000 in personal injury protection (PIP) to pay for the medical expenses of your drivers and passengers regardless of who is at fault for an accident. Between 35,000 and 43,999 lbs: Must have at least $100,000 in liability insurance per occurrence. A local independent insurance agent can obtain these customized quotes on your behalf. Discounts vary and may not be available in all states and situations. Areas susceptible to weather-related events such as hurricanes and floods are also factors. If you use vehicle (s) as part of your business, get a free online commercial auto insurance quote from GEICO today. Accident damage might take your vehicle out of commission, but business must continue. Rates are calculated according to a number of factors, including: Every business is different, so the only way to get a good idea of what a policy will cost you is to request prices from a variety of commercial vehicle insurance providers. All business-owned vehicles in Florida must be covered by commercial auto insurance. Find Commercial Vehicle Insurance Rates to Match Your Budget. PIP covers 80 percent of all necessary and reasonable medical expenses up to $10,000 resulting from a covered injury, no matter who caused the crash. Which commercial auto coverages do I need. All commercial vehicle policies in Florida must include a minimum of $10,000 in property damage liability coverage. Your vehicle’s size and use affect your rate. Most food trucks have expensive equipment attached to them that a commercial auto policy can cover. COMMERCIAL AUTO INSURANCE Call now (407) 501-8275 or Click for super Fast Quotes. While personal injury protection and liability coverage is a required part of your commercial vehicle policy, there are a number of other coverage options that can protect your business finances if one of your drivers is involved in a collision. 2. We can help you with your commercial vehicle insurance needs in Fort Lauderdale Florida area. So contact one of the agents at Royal Insurance Agency, Inc. for your Florida commercial auto insurance needs. Approximately 1 out of 10 accidents in this state involves a commercial vehicle. You can add specialty tow coverages like On-hook and Garagekeepers Legal Liability to protect you when a customer’s vehicle is in your possession. Your agent can also help you secure an affordable umbrella insurance policy if you wish to have more liability coverage than your commercial vehicle policy will offer. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data. The Florida Department of Highway Safety and Motor Vehicles tracks vehicle accidents in the state. Because businesses can own anything from economy-sized cars to 18-wheeler trucks, commercial vehicle insurance needs can vary. Personal auto policies generally don’t cover vehicles used for business because they’re typically exposed to more liability than personal vehicles. Some ridesharing vehicles might require commercial coverage. Contact an insurance agent in Florida to learn more and to start comparing commercial vehicle insurance quotes. ©2020, Consumer Agent Portal, LLC. Florida Commercial Umbrella Insurance enables you to protect your assets by providing liability limits above and beyond your other policies. Florida’s state minimum liability limit 10/20/10 is called a split limit. What is Commercial Insurance? An electrician who carries tools and equipment to various job sites every day can expect to pay more than an accountant who runs occasional errands. Commercial auto insurance is a type of insurance policy that helps cover vehicles used for business purposes such as cars, trucks and vans. Infinity provides Commercial Vehicle insurance for a wide variety businesses and commercial vehicles. It’s common to pay more for commercial auto coverage in a larger city like Miami than a smaller city like Fort Meyers. The state’s minimum liability limits are $10,000 per person and $20,000 per accident for bodily injury, and $10,000 for property damage (i.e. Commercial truck insurance comes with several types of coverage, as many as auto insurance policies. What's Covered by a Commercial Auto Insurance Policy? Commercial umbrella insurance. Commercial auto insurance is liability and physical damage protection for vehicles, such as cars, trucks and vans, that are used for business. Member agents in this network partner with several different insurance companies, and can help you to compare options and prices and make an informed choice. Food trucks and other food service businesses like restaurants and ice cream vendors depend on their commercial vehicles. Many of Florida’s 2.5 million small businesses need commercial auto insurance to protect against liabilities that arise from a variety of incidents involving their work vehicles. Workers’ compensation insurance. Our in-house adjusters are specialized in handling commercial auto claims to help you get back on the road fast after an accident. †Discounts vary and may not be available in all states and situations. A local independent agent in our network who specializes in business insurance can help you find a commercial auto insurance policy at a cost that matches your budget.. Florida business owners who have company-owned vehicles can protect their business finances with a commercial vehicle policy. Our network of truck repair shops and specialty claims services is accessible whether you’re driving locally or outside of Florida. Several factors affect the cost of your Florida commercial auto policy, including your: Some industries have more risk than others. In Florida, this is referred to as residual bodily injury and property damage (RBI-PD) because it pays in excess of a third-party’s insurance if you’re at-fault. Copyright 1995 - 2021. Simply call (888) 913 6988 or complete our online quote request form. Keep in mind, locations that experience more claims are usually priced higher than other locations. 44,000 lbs or more: Must have at least $300,000 in liability insurance per occurrence. Get Started. A commercial auto insurance policy provides coverage for commercially owned vehicles used in business operations. Professional liability insurance. Save up to 15%** by paying your policy in full and take advantage of our other commercial discounts† to get the best rate for your Florida policy. If your commercial trucks will be driven out-of-state, be certain that you meet all federal guidelines as well as the Florida state requirements. In some states, a telematics feature that uses GPS is available to help you monitor the locations and safe driving habits of your employees. Commercial vehicle insurance is designed to protect your business from the large financial losses that may arise due to liability lawsuits, property damage, and the potential loss of income that may occur if your business is left without its necessary mode of transportation. Your commercial insurance carrier will run a motor vehicle report for all drivers with access to your commercial vehicles. We offer our large fleet trucking insurance Florida, small fleet truck insurance and fleet owner insurance in Florida can help improve your botton line by saving you money on your commercial truck insurance cost. Commercial auto insurance isn’t just for industrial vehicles like semis or dump trucks. Florida Commercial Auto. Commercial Umbrella Insurance provides businesses with additional liability coverage to help protect them against potentially catastrophic costs of claims. When a commercial motor vehicle is involved in an accident, the company that owns it has a high chance of being named in an expensive liability lawsuit. Customize your commercial auto insurance coverage with The Hartford. Therefore, the cost to cover these business-owned vehicles can vary significantly from one company to the next. Fort Lauderdale Commercial Auto Insurance, Jacksonville Commercial Vehicle Insurance, St. Petersburg Commercial Vehicle Insurance. JDW Truck Insurance has a fleet insurance program in Florida from our large network of commercial fleet insurance companies which can help you control your commercial truck insurance cost. The coverage you need may include: commercial truck liability insurance, physical damage coverage, truck cargo coverage or motorists coverage. PDL coverage pays for damage to another person’s property caused by you or someone else driving your insured vehicle. We’re the #1 truck insurer in the nation*, insuring everything from dump trucks to tractor trailers. The types of vehicles you are insuring (e.g., car, The estimated number of miles your vehicles are driven per year, Whether the vehicles are used locally or for interstate commerce, The driving records of the employees who will be operating the vehicles, How much coverage you wish to purchase and the amount of your deductible, Your company’s claims history and safety rating. Commercial auto insurance. Florida’s considered a “no-fault” state, meaning that you can only sue an at-fault driver for injuries once this coverage has been exhausted. We’re the #1 commercial auto insurer* in the country, insuring over 1.5 million commercial vehicles. 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