Commercial Auto can sometimes be your company's single most important risk! If an auto-related accident occurs and the proper insurance isn't in place at the time of the accident, the liability could bankrupt a company faster than any other event.

There are two types of commercial auto policies:

Scheduled Auto Policy: Each auto is named on the policy and you pay for any additional coverage on a per-vehicle basis. This policy is very similar to the type of policy you have on your personal vehicles.  A vehicle is only covered if the vehicle is named on the policy. The advantages to this particular policy is that you can pick and choose which vehicles will carry additional coverage (physical damage, towing, etc).  The disadvantage is that as your fleet grows, it becomes harder to manage the coverage.

Composite Auto Policy: This policy insures all fleet vehicles equally - so, as they are added,they have the same coverage as every other vehicle in the feet.  Premium-wise, the premium is based on the average price per vehicle. The advantage to this type of policy is that it is relatively straightforward.  A disadvantage might be how the premium is calculated for your particular fleet, or that every vehicle has identical coverage.

Auto Liability Coverages (what those numbers mean!):

For example: If your policy carries 100/300/50, it tells you the maximum amounts the insurer will pay per occurrence, multiplied by $1,000

- The first number (100) is the maximum amount per thousand ($100,000) the