Learn about some of the coverage exclusions that your commercial auto policy is subject to.
If your business requires the use of company vehicles, then you need to have the right commercial auto insurance in Astoria, New York to protect your vehicles, employees, and commercial assets. Luckily, securing this type of insurance will give you access to commercial auto liability coverage. This type of coverage will safeguard your company against third-party claims that seek compensation for the damages caused by an auto accident. However, it’s important to understand that this coverage is subject to certain exclusions. Here are some of the things that your commercial auto liability insurance will not cover.
- Expected or Intended Injury
If the insured (in this case, you or one of your employees) intentionally causes bodily injury or property damage to another party, then these damages will not be covered by your commercial auto insurance. For instance, if one of your workers purposefully rear-ended another motorist in a fit of road rage, then this act would be considered intentional. As a result, your auto insurer would not offer coverage for the other party’s losses, your repairs, or any litigation costs.
- Workers Compensation
All businesses are required to carry some form of workers compensation insurance. While you might try to cheat the system and secure coverage for employee injuries with other commercial insurance policies, this strategy will not work. For instance, your commercial auto policy cannot be used to pay for the benefits that you are legally obligated to provide under workers compensation, disability, or unemployment compensation laws.
- Mobile Equipment
Claims that arise as a result of the operation of mobile equipment will not be covered under your commercial auto policy. However, this is simply because you have coverage for these types of claims under your company’s general liability policy. To clarify, claims arising from the operation of a company land motor vehicle (car, van, truck, etc.), trailer, or semitrailer will be covered under your commercial auto insurance. Claims arising from the operation of equipment such as cranes, forklifts, tractors, etc. are covered under your commercial general liability insurance.
These are some of the things that your commercial auto liability insurance will not cover. Want to learn more about the coverage exclusions that your commercial auto insurance in Astoria, New York is subject to? Then contact the experts at 01 Insurance. Our dedicated team is eager to assist you with all your commercial coverage needs today.