Business Auto Insurance in Minnesota

For businesses that own or use vehicles, insurance needs often extend beyond a basic policy. Important exposures can include employee drivers, business travel, deliveries, jobsite driving, accidents, and damage to company vehicles, making it important to match the policy to the actual risk.

Coverage can be tailored to the individual situation. Maverick Risk Partners can help clients in Minnesota compare available options from multiple insurance companies and review differences in coverage, limits, deductibles, and eligibility.

Why Consider Business Auto Insurance?

Vehicles used for business can create liability and physical damage exposures that are not appropriately addressed by a personal auto policy. The right commercial auto program depends on vehicle ownership, driver use, radius, vehicle type, and the work being performed.

Insurance can help transfer some of these financial risks, but no policy covers every situation. The appropriate combination of coverage depends on the specific details of the risk and the insurance companies willing to consider it.

Business Auto Insurance Coverage Options

The coverage that may be appropriate varies by client. Depending on the situation, an insurance program may include several different policies or endorsements.

Commercial Auto Liability

Commercial auto liability may help pay covered bodily injury or property damage claims when an insured business vehicle is involved in an at-fault accident.

Physical Damage Coverage

Physical damage coverage may help pay for covered damage to an insured vehicle, typically through collision and comprehensive coverage. Deductibles and valuation provisions should be reviewed carefully.

Hired and Non-Owned Auto Insurance

Hired and non-owned auto coverage may help protect the business when employees use rented, leased, or personally owned vehicles for certain business purposes.

Uninsured and Underinsured Motorist Coverage

Where available or required, uninsured and underinsured motorist coverage may help protect insured occupants when an at-fault driver has insufficient insurance.

Business Auto Insurance FAQs

When does a business need commercial auto instead of personal auto insurance?

Commercial auto is generally appropriate when vehicles are owned by a business or regularly used for business activities that are outside the scope of a personal auto policy.

Does business auto insurance cover employees driving company vehicles?

Eligible employees may be covered when operating insured vehicles with permission, subject to driver eligibility, exclusions, and policy terms.

What is hired and non-owned auto coverage?

It can provide liability protection for certain business use of rented vehicles or employee-owned vehicles when the business does not own the auto involved.

Can business auto insurance cover tools or products inside a vehicle?

Commercial auto primarily covers vehicle exposures. Tools, equipment, or cargo may need inland marine, cargo, or other property coverage.