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Commercial Auto

Commercial auto insurance presents several different types of coverages for cars, trucks, vans, tankers, trailers, and similar vehicles used by your business which are not covered by your personal auto policy. This insurance policy is most commonly referred to as truck or fleet insurance.The passenger auto limits are clearly defined at 30/60/25 (needs revision), Commercial Auto Liability depends on what you are hauling, whereyou pick up your loads from, where do you drop them to, Inter-State vs intra-state vs international.

Here’s a quick check to see if you will need commercial auto insurance, if:
Anytime we are discussing Liability we are referring to helping pay the other party for your fault
Every State mandates minimums for the Liability coverage, so you don’t have to pay out of pocket.
The following are the commercial auto insurance policy coverages:
If you cause a at fault car accident that injures another person, bodily injury liability coverage helps pay for their (driver and passengers) medical expenses and lost income as a result of their injuries. This coverage may also help pay for your legal fees if you’re taken to court over an accident.
This helps pay for the cost of repair if you are at fault for a car accident that damages the other party’s vehicle or any personal, private, or government property such as fence or building front.

This will protect you against the cleanup costs, testing, monitoring, and other activities required to perform by law or because of government claim or lawsuit. Pollution liability is non-negotiable addendum if your commercial freight is carrying hazmat material including but not limited to any form of chemicals, gases, auto or aviation fuel, battery powered merchandise, and other such environmentally harmful or damaging materials.Here is an example for one scenario: Phulki is an employee of Chanulal Plumberji Inc. Inc. She and two other employees are heading to a job site in a large company truck. Phulki is driving on a rural road and approaches a railroad crossing. The warning bells begin to sound, and the lights start to flash. Phulki ignores the warnings and attempts to clear the tracks before the train arrives.Meanwhile, a freight train carrying a tank of sodium hydroxide is approaching the crossing. The locomotive operator applies the brakes but is unable to avoid hitting the back end of the truck. No one is hurt but the tank car derails, spilling 3,000 gallons of sodium hydroxide.Because sodium hydroxide is caustic, the railroad immediately reports the spill to the state environmental authority.

The state summons a hazardous materials cleanup crew to mop up the mess.Several months later, Chanulal Plumberji Inc. Inc. receives two demands. One is from the railroad, which seeks $50,000 to repair the damaged tanker car. The second demand is from the state environmental authority, which orders Premier to pay $500,000, the cost of cleaning up the sodium hydroxide.Phulki’s accident took place away from premises owned by Chanulal Plumberji Inc. Inc. The accident occurred while Phulki was driving an auto covered under the plumbing company’s auto policy. The pollutants (sodium hydroxide) were not in or on a covered auto and were released as a result of an accident that caused property damage covered by the policy. Thus, Premier’s insurer should pay both the $80,000 to repair the tanker car and the $700,000 in cleanup costs.

This will cover any permanently installed custom parts or equipment, devices, accessories, enhancements and any other modification other than the original manufacturer (usually alters the performance or appearance of your commercial vehicle). The following is the list of general customized equipment that is covered under this endorsement:

  • Any custom installed equipment that is not offered by the original manufacturer.
  • Customized wheels – magnesium or alloy wheels, wheel overs, aluminum wheels, wire spoke wheels, titanium wheels, designer wheels.
  • Special equipment – running boards, roll bars, brush bars, fog lights, bed liners, camper shells, undercarriage lighting, trailers, hitches, special roofing, and similar items.
  • Chrome or reverse chrome.
  • Customized decals or paint displaying company logo or advertisement.
  • Stereo and sound recording equipment.
  • Aftermarket leather seats, or Recaro seats.
  • Anti-theft devices, alarms, or buzzers not installed by manufacturer.
This coverage is for your safeguard as it pays for damages to your property, or the injury sustained by your employees for not at fault accident where other party involved does not have insurance to cover the loss.
This is similar to uninsured the only difference being the other party does have the insurance, but his/her limits are too low to cover the loss for your injuries and damages sustained. This policy will help cover additional remaining cost that you might otherwise have to pay out of pocket.
This pays for any damages to your insured business vehicle from non-collision causes such as vandalism, theft, weather, deer run-in, tree sap damaging the advertisement, rock chips, hazards (insurance specific) while parked or in motion.
This pays for accident-related damages(after deductible is exhausted) to your insured business vehicle for at fault incidents.

This coverage will be tailored to your business vehicles based on the vehicle’s size class – based on the gross vehicle weight (GVW), use class – the mannerit is used, radius class and zone rating – the distance and zones it travels, vehicle’s age, and vehicle’s actual cost or replacement value, and deductible. This policy will cover comprehensive, collision, bodily and property damage for your trailer type. There are two types of coverages: standard and trailer interchangeable coverage (this will cover any trailers you might haul regardless of which VIN is registered with your insurance). The following are some common examples of the trailers covered:

Auto Hauler Trailer

Flatbed Trailer

Dry Freight Trailer

Utility Trailer

Tank Trailer

Other types of commercial trailers might include variations of the following:

  • Bulk commodity trailer
  • Concession trailer
  • Dry freight trailer
  • Dump body trailer or transfer box
  • Pole trailer
  • Refrigerated dry fright trailer
  • Aviation transport trailer

Cargos are of two types: hazmat and non-hazmat.

Hazmat includes:
a) Explosives.
b) Combustible solids.
c) Oxidizers.
d) Corrosives.
e) Radioactive materials.
f) Flammable gases and liquids.

Non-Hazmat includes:
a) Industry materials – ash, sludges, antifreeze, grinding dusts, liquid contaminated with non-hazardous chemicals.
b) Medical waste – plastics, glass, copper, aluminum, gold, recycle electronic devices, and non- hazardous parts.
c) Non-RCRA (Resource Conservative and Recovery Act) hazardous waste.
d) Dry goods – edibles, clothing (silk, cotton, polyester, etc.), packaged goods, non-combustibles, non-flammable, vehicles, and other similar items.

This will take care of any issues that arise due to engine, ran out of gas, or a flat tire, breakdowns, and other vehicle emergencies while on the road. Last year’s average number of calls for roadside assistance based on one major insurance provider’s intel was 1.76 million. This makes all the difference when your employee or your business freight is stuck on the side of the highway heading towards the destination. During that moment you have two options: call your roadside assistance or make your own arrangements and believe me the prior sounds much better than the latter.
This will help replace your vehicle in a situation where your business vehicle is totaled to pay back loss you or the bank it is financed.
This will take care of any hired auto for your commercial auto if it was sustained a physical damage that stops your operation. It will also cover the cost of the loss of use coverage giving the opportunity to replace the hired auto to continue with your operation.
This will cover your expanded towing trailers and utilities. For example, your trailer carrying goods, but extended trailer was necessary to complete the haul. This coverage will take care of such situation where your expanded towing is covered for any comprehensive, collision and other coverages that covers your trailer and cargo included in the policy.
This will help you recoup the costs and fees from your insurance for the rental you might have had to use due to non-operation commercial auto for your business.
Jubilee Insurance will help you with compliance filings for:
  • BMC91X (Endorsement to liability and cargo liability policy)
  • State e-filings (Certifies that your liability insurance complies with the state’s financial responsibility law)
  • BOC-3 (Designation of agents for service or process – basically allows your agent to accept legal documents on behalf of your business)
  • IFTA – International Fuel Tax Agreement registration (Only required if your vehicle is 26,000 GVWR. Required for uniform distribution of fuel tax revenues)
  • HVUT 2290 form – Heavy Vehicle Use Tax form used to figure and pay taxes for the vehicles with taxable gross weight of 55,000 pounds or more.
  • Any other compliance documents required to keep your company running smooth and sound.
Since commercial auto is a huge share of what we do, we can not only help you with an insurance policy. We can also help you with filings, brokers and other consultation on corporations, Taxes and operations.
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