NC Commercial Auto Insurance

If you run a business in North Carolina and the car, truck, van, trailer, etc. is titled in your business name, you will need North Carolina Commercial Auto Insurance for your business.  We will find the best rates to protect you, your employees and your company.   Get the commercial auto coverage you need to feel safe, stay legal, and all within your budget. We shop the entire market for the best business vehicle insurance rates by completing one form.

We can help you insure:
  • Cars
  • Vans and SUV's
  • Flatbeds with Cranes or Lifts
  • Tank, Refrigerated Trucks
  • Car Carriers
  • Tow Trucks
  • Personal Autos & Commercial Fleets
  • Liability & Personal Injury
  • Trailers

What Does Commercial Auto Insurance Cover?

Commercial auto insurance covers a variety of situations. Options and terms vary from one insurance company to another, so be sure you fully understand what is included in the policy. If you work with an independent agent in the network, you can work with your agent to create a completely customized policy that matches your business needs, complete with all available discounts.

Several types of coverage may be included in your commercial auto policy; others are options that you can purchase separately. You will also need to choose the coverage amounts (“limits”) and deductibles. 

Typical commercial auto coverage includes:

Property damage liability Liability for bodily injury to others Optional bodily injury coverage for injuries that occur outside of the state in which you reside, Personal injury to you, your employed drivers or passengers including medical expenses and lost wages, Collision coverage for costs associated with an accident, regardless of who is at fault.  Comprehensive coverage for damage other than collision.  Medical payments coverage for the cost of hospitalization, treatment and funeral expenses.   Uninsured and Underinsured motorist coverage.   Non-owned auto coverage for when you or your employees drive a rented or borrowed vehicle.  Loading and unloading liability. Substitution transportation when your commercial vehicle is being repaired and you use a loaner from the repair shop and Towing and labor costs.

How Does Commercial Auto Insurance Work? 

Commercial auto insurance works by providing insurance coverage or any vehicle that your use for business purposes, and for your commercial drivers.  As a business owner, you can get commercial vehicle coverage for a single vehicle or a fleet of vehicles. A commercial auto policy can include several different types of optional coverage, allowing you to adjust the policy coverage to your particular business circumstances and the use of your vehicles. 

In the event of an incident, such as damage to one of your commercial vehicles from weather, an accident or other incident, you can file a claim and receive compensation that will help to cover the cost of repairs. If you or one of your drivers is at fault in an accident that injures another person or damages their property, that person can file a claim with your insurance company. In this case, your commercial vehicle liability insurance will cover the costs of the claim, up to the limit of your policy.

Many business owners choose to buy a commercial umbrella policy to cover the costs of large liability claims that exceed the limits of the vehicle liability policy. This strategy can provide much higher limits, in $1 million dollar increments, to cover the costs of liability claims and law suits and protect the business financially. 

When Do I Need Commercial Auto Insurance? 

You need commercial auto insurance for any vehicle that your company uses for business purposes, any vehicle that has a commercial license plate or tag and any vehicle that is registered as a commercial auto. 
You must also get commercial auto coverage if your employees will be driving or using vehicles in the course of doing business, whether making deliveries, driving people to the airport or running errands on behalf of the business. 
If you use your vehicle for any of the following functions, you may also be required to get commercial coverage: Using the vehicle to carry equipment Transporting flammable or hazardous material, Transporting housekeeping equipment for business use, Using, carrying or transporting cranes, or a winch or plow, Hiring your vehicle out to tow other vehicles, Delivering any goods such as pizza or any form of wholesale or retail products, Delivering newspapers,  Trucking and freight transportation, Transporting people as a chauffeur, limousine service or taxi service.
Some situations and certain occupations may be covered under standard auto policies, but you should always ask your insurance agent if your vehicle use warrants a commercial policy. 

Why Do I Need Commercial Auto Insurance? 

You need commercial auto insurance for any automobile, taxi, van, limo, bus or small truck that you use for business because a personal auto policy will not cover your vehicles used for business. Your commercial vehicle coverage will protect you and your business from the costs of property damage, injury and liability claims that you may incur in the use of your commercial vehicles. For larger commercial vehicles such as tow trucks, cement trucks, construction vehicles, tractor trailers or semi-trucks, you will need a commercial truck insurance policy. Not only is your commercial vehicle policy critical for protecting your business financially, but it is required by law. 

Is Commercial Auto Insurance Tax Deductible? 
Yes, your commercial auto coverage is tax deductible. There are many situations that allow you to deduct the cost of commercial auto insurance for tax purposes when you use your vehicle for commercial or business use. If you are self-employed, you may be able to deduct your commercial auto insurance premium under Schedule C; if you are an employee and do not receive mileage or expense reimbursement, you can use Form 2106 (Employee Business Expenses). Your best bet is to contact the IRS or a tax advisor for clarification.