What is Commercial Auto Insurance?
A Commercial Auto Insurance policy, also known as Business Auto Insurance, is actually a package of different coverages. Most states require you to purchase a minimum amount of certain kinds of coverage, but if you are interested in protecting yourself from a lawsuit or from wicked repair bills, then it makes sense to buy more than what is required.
Business Auto Insurance Coverages
California, like most states, requires you to carry a certain amount of insurance in order to drive. The bare-bones minimum requirement is bodily injury liability coverage of $15,000 per person/ $30,000 per accident, and property damage liability coverage of $5,000 per accident. Considering the litigious nature of our society and the rising costs of hospital stays and car repairs, many people find it prudent to purchase additional limits.
Remember, if you cause a serious accident, minimum Commercial Auto Insurance may not cover you adequately. That is why it is a good idea to buy more than what your state requires.