Commercial auto insurance is essential for business vehicles like food trucks, taxis, and delivery vans. Coverage includes accidents, vandalism, and storm damage with higher limits than personal auto insurance. Special options can cover rented or borrowed vehicles and employees’ cars for work. Contractors, caterers, delivery drivers, and real estate agents may need commercial auto insurance. Rideshare drivers should consider rideshare insurance to cover gaps in coverage offered by companies like Uber or Lyft. Coverage options include liability, personal injury protection, uninsured motorist, collision, and comprehensive insurance. Trucking companies may also need cargo insurance and non-trucking liability insurance. Ensure you have the right coverage to protect yourself and your business in case of an accident. Costs for commercial auto insurance can vary from $200 to over a thousand dollars per month depending on the type of vehicle and business. Factors that influence the cost include the type of vehicle, number of vehicles, driving records, type of business, insurance company, and coverage amount. Compare quotes from different insurance companies to find the best fit for your needs. Remember to drive safely to maintain a clean driving record and potentially lower your insurance costs. Most major car insurance companies offer commercial auto insurance, with Progressive, Travelers, and Liberty Mutual among the top providers. Consider a commercial policy for a personal vehicle used for business purposes, such as deliveries or towing. Consult a tax professional to determine if car insurance expenses can be tax-deductible for your business.

Read more at Yahoo Finance: What is commercial auto insurance, and do you need it?