Auto (Fleet) Insurance

Business Auto Insurance

Coverage for company-owned vehicles.

AxialFoy Business Auto and Fleet insurance provides coverage for company-owned vehicles in the event of an accident that causes bodily injury or physical damage. Coverage can be for company-owned cars, trucks, buses and other types of vehicles.

A common endorsement to commercial auto coverage is non-owned and hired auto liability insurance. This endorsement covers vehicles your employees use or that you rent or borrow, but the business doesn't own.


What's Covered?

Business auto insurance covers physical damage to a company-owned vehicle if it hits another object, overturns, burns or is damaged as a result of vandalism or theft.

A business auto policy also covers medical expenses for those involved in an accident, regardless of who's at fault.

If your company is sued because of an automobile accident, the coverage generally includes attorney fees, court costs and payment to the injured person, up to the policy limit. For example, if one of your employees is driving a company-owned car to a business lunch and gets into an accident, commercial auto insurance will pay for the costs of repairing all vehicles involved.  The policy will also pay the medical bills for anyone injured in the accident.

Some business auto policies pay for the cost of renting a replacement vehicle while the damaged vehicle is being repaired.


Classifications of Business Autos

  • Municipal
  • Fleet Vehicles
  • Passenger Cars
  • Equipment & Drivers
  • Taxis, Limousines & Vans
  • For Hire Trucks, Freight and Construction


How is the cost of the policy determined?

Insurers use many factors to determine the policy premium. The number and kind of vehicles insured, and the location of the business, are key factors. Insurance rates vary by state and region.  For example, costs tend to be lowest in rural communities and highest in cities, where there is more traffic. Also, some cars are more expensive to insure than others. Vehicles with expensive repair costs and those that are more attractive to thieves cost more to insure.

The policies generally protect not just the driver and vehicle, but also your business, pedestrians and other motorists. The specific use of your commercial vehicles will be important in determining the right policy type and coverage limits. Regular personal car insurance is often not sufficient to cover a potential financial loss when a vehicle is used commercially.

AxialFoy Insurance has been serving the commercial auto and truck insurance needs of New England and other states for many years. We can access multiple carriers to get you the best possible quote, and we know what questions to ask so that you qualify for all applicable discounts.