THE NATHAN TAYLOR AGENCY
Commercial Auto
Insurance in Texas
Business insurance coverage tailored to you and your business needs.
BUSINESS INSURANCE
Commercial Auto Insurance in Texas
What is commercial auto insurance?
Business vehicles generally must be insured with commercial auto insurance rather than personal auto insurance. There are many Texas businesses that have their own vehicles, and thus may need this insurance.
Commercial auto insurance provides coverage for business-owned vehicles. Sometimes businesses also purchase policies for vehicles that they use but don’t actually own.
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What businesses in Texas need to have business auto insurance?
State law broadly requires most vehicles driven on Texas roads to be insured. Any business in the state that owns or uses vehicles likely needs some type of business auto insurance.
Businesses generally need a policy that provides at least injury liability coverage ($30,000/person; $60,000/accident) and property damage liability coverage ($25,000/accident). Most businesses choose to purchase higher limits and additional protections, as the minimum 30/60/25 coverage provides only basic protection.
When comparing policies, businesses should be careful to look only at policies that meet their needs well. Insurance companies offer policies for virtually every type of registered vehicle, including cars, passenger vans, cargo vans, box trucks, tractor-trailers, tow trucks, limousines and others. An insurance agent who specializes in commercial auto policies can help businesses find the right type of policy for their vehicles.
What coverages do business auto insurance policies come with?
Business policies can offer a variety of different coverages. Some of the more common protections are:
- Comprehensive Coverage: Usually covers damage to company vehicles that are not sustained during multi-vehicle accidents
- Collision Coverage: Usually covers damage to company vehicles sustained during accidents with multiple vehicles
- Property Damage Liability Coverage: Usually covers damage to non-company vehicles and other property
- Personal Injury Protection: Usually covers injuries the company drivers and their passengers
- Bodily Injury Liability Coverage: Usually covers injuries to passersby and people in non-company vehicles
- Uninsured and Underinsured Motorist Coverage: Usually covers accidents involving drivers who are improperly insured
Comprehensive coverage often extends to hitting animals, vandalism and theft, falling branches, fire, and similar perils. The insured vehicle may be parked or moving during these incidents, but there normally isn’t another moving vehicle involved. Multi-vehicle accidents where another vehicle is in motion normally fall under collision coverage.
When do businesses need hired and non-owned business auto coverage?
Hired and non-owned business auto policies are so-named because they normally insure vehicles that a business doesn’t own. Businesses may purchase this form of commercial auto coverage when they rely on employee vehicles or rented vehicles.
For example, pizzerias and other eateries that offer their own (not a third-party) delivery service might purchase hired and non-owned auto coverage. Businesses that regularly rent trucks, passenger vans or cargo vans might too.
How many vehicles are needed before purchasing fleet insurance?
Fleet insurance is a type of business auto insurance that’s well-suited for insuring multiple vehicles together. Fleet policies are often good for businesses that have five or more similar vehicles, although businesses with fewer vehicles can occasionally get this type of policy as well.
An experienced insurance agent can help businesses determine whether standard business auto insurance or specialized fleet insurance is better for their situation.
How can businesses in Texas get commercial auto insurance?
For help insuring commercial vehicles that are registered in Texas, contact the independent insurance agents at Nathan Taylor Agency. Our agents will work closely with you to identify suitable commercial auto insurance policies, and then we’ll help you choose the best one of the available policies. Because we’re an independent agency, you can trust us to recommend the best available policy regardless of what insurance company offers it.