Commercial Auto Insurance: What It Is and Why It Matters

If your business relies on vehicles, whether it’s a single delivery van or an entire fleet, having the right commercial auto insurance is essential. At Contigo Insurance Agency, we recognize the importance of financial protection for Illinois business owners and commercial vehicle operators, as well as their need to be compliant with state laws.

What Is Commercial Auto Insurance?

Commercial auto insurance may provide coverage for vehicles used in business operations. This can include cars, trucks, vans and specialized vehicles for deliveries, transporting goods or offering services. It is important to note that personal auto insurance cannot be a substitute for commercial auto insurance, as they differ in terms of scope and coverage limits.

What Does It Cover?

While commercial auto insurance can be tailored to fit the needs and budget of your business, a standard policy typically includes the following:

• Liability coverage may help pay for third-party injuries or property damage you cause to others, if your business vehicle is involved in an accident.
• Physical damage coverage may offer financial support if your vehicle is damaged from collisions, theft, vandalism or weather-related events.
• Uninsured/underinsured motorist coverage may step in if another driver, who has little or no insurance, causes an accident.

Why Illinois Businesses Need This Coverage

The state’s law requires businesses to carry minimum liability coverage for vehicles used for work purposes. Beyond legal compliance, commercial auto insurance can help safeguard your business from costly claims and unexpected events. Without proper coverage, a single accident could result in significant financial losses, legal issues or business interruption.

How We Can Help

At Contigo Insurance Agency, we work closely with Illinois businesses to assess their unique needs and recommend a tailored policy. Our team can help you understand your options and support your commercial auto insurance needs. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.