When Commercial Auto Insurance Is Not Enough 

Company vehicles are vital to many Arizona businesses, but standard commercial auto insurance may not address all potential exposures. Above All Insurance can help you get extra coverage to keep your operations financially secure.

Limits of Commercial Auto Insurance

Commercial auto insurance may provide financial protection for vehicles used in business operations, including those used to transport goods, equipment or employees. It can help pay for costs related to accidents, property damage and liability arising from business vehicle use. However, a commercial auto policy cannot cover every situation. For instance, businesses that operate fleets, haul valuable cargo or use trucks without attached trailers may need additional insurance to handle these risks effectively.

When Additional Coverage May Be Needed

Our agents may recommend the following types of coverage to supplement your commercial auto policy:

• Fleet liability insurance—Businesses with several vehicles may benefit from fleet liability insurance, which may cover multiple vehicles owned by a business under a single policy. It may help with financial losses resulting from third-party bodily injury and property damage caused by vehicles in your fleet.
• Cargo insurance—Standard commercial auto policies usually do not cover the goods being transported. Cargo insurance may help your business recover financially if shipments are damaged, lost or stolen while in transit.
• Bobtail insurance—When a truck is operated without a trailer, such as during a return trip after delivery, standard policies may not apply. Bobtail insurance may address this gap and provide financial protection against accidents that occur during these non-trucking situations.
• Umbrella insurance—This policy can help cover your company’s liability for third-party accident-related property damage and injuries if it exceeds the limits of your underlying liability coverage.

We’re Here to Help

Above All Insurance works with Arizona business owners to assess risks and recommend suitable insurance options. We can help identify potential gaps and align coverage with your company’s operations. Contact us today to speak with one of our experienced advisors.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.