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Benefits of Commercial Auto Insurance

white van

When it comes to running a business, vehicles-whether they’re leased, rented or owned—are crucial for a variety of tasks. Whether transporting materials and tools to worksites, hauling goods for deliveries or driving to meet clients—companies of all kinds rely on safe and functioning vehicles to serve customers and generate profit.

It is important to protect your drivers and vehicles through proper insurance coverage. That’s why many organizations turn to commercial auto insurance, which can provide the following benefits:

  • Liability coverage. Collisions don’t just impact vehicles—they can cause expensive damage to nearby property and valuables. In these instances, commercial auto insurance can provide a range of protection if and when you damage another person’s vehicle or property in an accident.
  • Physical damage and collision protection. Following an accident, you or your employees may need to pay for vehicle repairs—both for your own vehicle and any vehicles you hit. Commercial auto insurance can reimburse policyholders for the costs of vehicle repairs they may need following a crash, regardless of who is at fault. Many policies even provide coverage for uninsured and underinsured motorists, providing an extra layer of protection.
  • Medical payment and lawsuit coverage. Collisions often result in bodily harm and expensive medical costs for you and those involved in an accident. Commercial auto insurance policies offer some protection for these expenses and can cover medical costs, lost wages and even legal expenses should a lawsuit be brought against you.
  • Comprehensive coverage. Collisions aren’t the only source of vehicle damage your business needs to consider. Commercial auto insurance can provide comprehensive protection for damages that are unrelated to an accident (e.g., losses related to theft, floods, vandalism and fires).
  • Protection beyond personal auto insurance policies. Simply put, personal auto insurance doesn’t provide adequate coverage for any accidents that occur while policyholders are driving for business purposes. In the absences of commercial auto coverage, companies would have to pay out of pocket should employees get in an accident while making deliveries, picking up supplies or using a vehicle to perform essential business functions.
  • Optional add-ons for even more security. Beyond standard protection for collisions, commercial auto insurance policies can often be customized to meet your needs. Common policy add-ons (also known as endorsements) include roadside assistance coverage, new vehicle replacement cost coverage, towing reimbursement, rental reimbursement and gap coverage for auto loans or leases.

Want to learn more about commercial auto insurance?

Commercial auto insurance isn’t just for large fleets. Any car, truck, van or similar vehicle used as part of your operations needs to be covered. To learn more about commercial auto insurance and to secure a policy of your own, contact MountainOne Insurance today.

By Zywave, Inc.

SCHEDULED MAINTENANCE: Online & Mobile Banking will be unavailable on Sunday, June 25, between 12:00am–6:00am due to routine system maintenance. Should you need access to your accounts, please arrange to submit transactions before or after this scheduled maintenance, visit your local MountainOne branch or call our Customer Care Team during normal business hours at 855.444.6861.

HOLIDAY NOTICE: In observance of Juneteenth National Independence Day, all MountainOne offices will be closed on Monday, June 19. As always, our Online and Mobile Banking services are available 24 hours a day.

MountainOne’s Rockland branch will undergo building maintenance Monday, June 5 – Wednesday, June 7. At that time, the branch’s rear parking, drive up teller & drive up ATM will be unavailable. Please access the branch lobby from our front entrance between 9:00 am and 3:00 pm for in-person transactions. Our walk-up ATM located at the front entrance is also available 24/7.

Need assistance? Please call our Rockland branch staff directly at 781-878-5252 and we will be happy to assist you!

MountainOne’s Rockland branch is undergoing building maintenance Monday, June 5 – Friday, June 9. Therefore, the branch’s rear parking, drive up teller & drive up ATM is currently unavailable. Please access the branch lobby from our front entrance between 9:00 am and 3:00 pm for in-person transactions. Our walk-up ATM located at the front entrance is also available 24/7. Need assistance? Please call our Rockland branch staff directly at 781-878-5252 and we will be happy to assist you!

NOTICE: Our North Adams drive-up & drive-up ATM will be closed June 20-30 due to paving. Please visit the lobby during available hours to handle a transaction. Our Williamstown branch lobby, drive-up, and ATMs are also available. For other ATM locations, click here.

NOTICE: Our North Adams drive-up & drive-up ATM will be closed June 20-30 due to paving. Please visit the lobby during available hours to handle a transaction. Our Williamstown branch lobby, drive-up, and ATMs are also available. For other ATM locations, click the ATM Locations button.