Commercial auto insurance is a type of insurance policy that helps cover vehicles used for business purposes such as cars, trucks, and vans. Commercial auto insurance covers vehicle damage and driver injuries.
Commercial auto policies tend to have higher coverage limits than personal policies, because business vehicles need more protection in case of accidents.
Commercial auto insurance covers business vehicles for things like:
• Damage to your vehicle(s)
• Driver injury
• Injury to someone else
• Damage to someone else's property
Vehicles covered by commercial auto insurance generally include:
• Cars
• Vans
• Pickup trucks
• Box trucks
• Service utility trucks
• Food trucks
In Alaska (AK), commercial auto insurance is required for vehicles used for business purposes, similar to other states. This type of insurance provides coverage for physical damage to the vehicle, injuries to the driver, and potential liabilities for injuries to others or damage to their property. The coverage limits for commercial auto insurance are typically higher than personal auto insurance due to the increased risks associated with business use. The range of vehicles covered under commercial auto insurance in Alaska includes cars, vans, pickup trucks, box trucks, service utility trucks, and food trucks, among others. Businesses must ensure that their commercial vehicles are adequately insured to comply with state regulations and to protect their assets from the financial implications of accidents and other on-road incidents. It's important for businesses to work with an attorney or an insurance agent to determine the appropriate level of coverage based on their specific needs and the types of vehicles they operate.