Business Auto Insurance
Know Your Options, Make Sure You're Covered
Bodily Injury Liability Insurance
Pays for physical harm in the event of an accident. This does not cover medical expenses for the driver, but it does cover medical expenses for passengers and the other driver who was hit. Typical coverage limits are $100,000 per person/$300,000 per accident.
Property Damage Liability Insurance
Covers the cost of damages to someone else’s property after an accident you cause. Most commonly, your property damage will pay out when you are at fault for an accident that causes damage to someone else’s car. The typical limit is $100,000 per accident.
Personal Injury Coverage
Covers medical expenses and, in many cases, lost wages. It is often called “no-fault” coverage because its inherent comprehensiveness pays out claims agnostic of who is at fault in the accident. Typically this is $20,000 coverage.
Uninsured Motorist Coverage
Protects you if you’re in an accident with an at-fault driver who doesn’t carry liability insurance. Underinsured motorist coverage, on the other hand, steps in when you’re in an accident with an at-fault driver whose liability limits are too low to cover the damage or medical expenses. The typical coverage is $100,000 per person/$300,000 per accident.