Nationwide Commercial Auto Insurance: A Guide to Protecting Your Business
As a business owner, you know that having the right insurance is essential. Nationwide offers a variety of commercial auto insurance policies to help protect your business and your employees. We understand that your business is unique, so we work with you to create a policy that meets your specific needs.
Nationwide's commercial auto insurance policies can protect you from a variety of risks, including:
- Liability for bodily injury or property damage caused by your employees while driving company vehicles
- Physical damage to your company vehicles, including collision, theft, and vandalism
- Medical payments for your employees who are injured in a car accident
- Uninsured or underinsured motorist coverage, which can help pay for your expenses if you're in an accident with a driver who doesn't have insurance or doesn't have enough insurance
To learn more about Nationwide's commercial auto insurance policies, contact a Nationwide agent today. We'll be happy to answer your questions and help you create a policy that meets your specific needs.
nationwide commercial auto insurance
Peace of mind for your business.
- Liability coverage
- Physical damage coverage
- Medical payments coverage
- Uninsured/underinsured motorist coverage
- Flexible policy options
- Competitive rates
- Nationwide agent support
- 24/7 claims service
- Easy online policy management
- Discounts available
Get a quote today and see how Nationwide can help protect your business.
Liability coverage
Liability coverage is an essential part of any commercial auto insurance policy. It protects your business if one of your employees causes an accident while driving a company vehicle.
- Bodily injury liability:
This coverage pays for the medical expenses of people who are injured in an accident caused by your employee. It also covers legal expenses if you are sued as a result of the accident.
- Property damage liability:
This coverage pays for damage to property caused by your employee in an accident. This can include damage to other vehicles, buildings, and other objects.
- Legal defense coverage:
This coverage pays for your legal expenses if you are sued as a result of an accident caused by your employee. This can include the cost of hiring an attorney and going to court.
- Uninsured/underinsured motorist coverage:
This coverage protects your business if you are in an accident with a driver who does not have insurance or does not have enough insurance to cover your damages.
Liability coverage limits can vary, so it is important to choose limits that are high enough to protect your business. Your Nationwide agent can help you choose the right limits for your business.
Physical damage coverage
Physical damage coverage protects your business's vehicles from damage caused by accidents, theft, vandalism, and other covered perils. There are two main types of physical damage coverage:
- Collision coverage:
This coverage pays for damage to your vehicle caused by a collision with another vehicle or object. It also covers damage caused by rolling over.
Comprehensive coverage:This coverage pays for damage to your vehicle caused by events other than a collision, such as theft, vandalism, fire, flood, and hail. It also covers damage caused by animals and falling objects.
The amount of physical damage coverage you need depends on the value of your vehicles and your budget. You can choose to purchase coverage for the actual cash value of your vehicles or for their replacement cost. Actual cash value coverage is less expensive, but it only pays for the value of your vehicles at the time of the accident. Replacement cost coverage is more expensive, but it pays for the cost of replacing your vehicles with new ones.
Physical damage coverage also includes coverage for your vehicle's audio equipment, accessories, and custom parts. You can also purchase additional coverage for things like towing and labor costs.
Talk to your Nationwide agent about the different types of physical damage coverage and choose the coverage that's right for your business.
Physical damage coverage can give you peace of mind knowing that your business's vehicles are protected from damage.
Medical payments coverage
Medical payments coverage pays for the medical expenses of people who are injured in an accident involving a company vehicle, regardless of who is at fault.
- Medical expenses:
This coverage pays for expenses such as hospital bills, doctor visits, and prescription drugs.
- Funeral expenses:
This coverage pays for the funeral expenses of a person who is killed in an accident involving a company vehicle.
- Loss of income:
This coverage pays for the loss of income of a person who is unable to work due to injuries sustained in an accident involving a company vehicle.
- Pain and suffering:
This coverage pays for the pain and suffering of a person who is injured in an accident involving a company vehicle.
Medical payments coverage limits can vary, so it is important to choose limits that are high enough to cover the potential medical expenses of your employees and other people who may be injured in an accident involving a company vehicle. Your Nationwide agent can help you choose the right limits for your business.
Uninsured/underinsured motorist coverage
Uninsured/underinsured motorist coverage protects your business if you are in an accident with a driver who does not have insurance or does not have enough insurance to cover your damages. This coverage can help pay for your medical expenses, lost wages, and property damage.
There are two types of uninsured/underinsured motorist coverage:
- Bodily injury coverage:
This coverage pays for your medical expenses and lost wages if you are injured in an accident with an uninsured or underinsured driver.
Property damage coverage:This coverage pays for the damage to your vehicle or other property if it is damaged in an accident with an uninsured or underinsured driver.
Uninsured/underinsured motorist coverage limits can vary, so it is important to choose limits that are high enough to cover your potential damages. Your Nationwide agent can help you choose the right limits for your business.
Uninsured/underinsured motorist coverage is an important protection for your business. It can help you avoid the financial burden of an accident caused by an uninsured or underinsured driver.
In some states, uninsured/underinsured motorist coverage is required by law. Even if it is not required in your state, it is a good idea to purchase this coverage to protect your business.
Flexible policy options
Nationwide offers a variety of flexible policy options to meet the specific needs of your business. Some of these options include:
- Tailored coverage:
We can tailor your policy to cover the specific risks that your business faces. This means that you only pay for the coverage that you need.
Multiple deductible options:You can choose the deductible that is right for your business. A higher deductible will lower your premium, but you will be responsible for paying more out of pocket if you make a claim.
Optional coverages:You can add optional coverages to your policy to protect your business from specific risks. Some of the optional coverages that we offer include:
- Hired and non-owned auto liability
- Garagekeepers legal liability
- Pollution liability
- Cyber liability
You may be eligible for discounts on your commercial auto insurance policy. Some of the discounts that we offer include:
- Multi-policy discount
- Good driver discount
- Claims-free discount
- Accident-free discount
Talk to your Nationwide agent about the flexible policy options that are available to you. We can help you create a policy that meets your specific needs and budget.
Competitive rates
Nationwide offers competitive rates on commercial auto insurance. We understand that businesses are looking for ways to save money, and we are committed to providing affordable rates without sacrificing coverage.
There are a number of factors that affect the cost of your commercial auto insurance policy, including:
- The type of business you operate
- The number of vehicles you own or lease
- The value of your vehicles
- The driving records of your employees
- The location of your business
We will work with you to find the most affordable rate for your business. We offer a variety of discounts that can help you save money on your premium, such as:
- Multi-policy discount
- Good driver discount
- Claims-free discount
- Accident-free discount
We also offer a variety of payment plans to make it easy for you to pay your premium. You can choose to pay your premium monthly, quarterly, or annually.
Contact a Nationwide agent today to get a quote on commercial auto insurance. We are confident that we can provide you with the coverage you need at a competitive rate.
Nationwide agent support
Nationwide agents are here to help you with all of your commercial auto insurance needs. They can help you choose the right policy for your business, answer your questions, and file claims.
- Expert advice:
Our agents are experts in commercial auto insurance. They can help you assess your risks and choose the coverage that is right for your business.
Personal service:Our agents are dedicated to providing you with personal service. They will take the time to get to know your business and your specific needs.
24/7 availability:Our agents are available 24/7 to answer your questions and help you file claims.
Local presence:Nationwide has agents located all across the country. This means that you can find an agent who is close to your business and who understands the local market.
Contact a Nationwide agent today to learn more about commercial auto insurance and to get a quote.
24/7 claims service
Nationwide offers 24/7 claims service to our commercial auto insurance customers. This means that you can file a claim anytime, day or night. We understand that accidents can happen at any time, and we are here to help you get your claim processed quickly and efficiently.
To file a claim, you can call our toll-free number or file a claim online. We will ask you for some basic information about the accident, such as the date, time, and location of the accident, as well as the names and contact information of the people involved. You will also need to provide us with your policy number and the VIN of the vehicle that was damaged.
Once we have received your claim, we will assign an adjuster to your case. The adjuster will investigate the accident and determine how much your claim is worth. They will also work with you to arrange for repairs to your vehicle or to replace your vehicle if it is totaled.
We understand that dealing with a car accident can be stressful. Our claims adjusters are here to help you through the process and to make sure that your claim is handled fairly and promptly.
If you are ever in an accident, remember that Nationwide is here to help. Our 24/7 claims service is available to you anytime, day or night.
Easy online policy management
Nationwide makes it easy for you to manage your commercial auto insurance policy online. You can access your policy information, make changes to your policy, and file claims online 24/7.
To manage your policy online, simply log in to your Nationwide account. Once you are logged in, you will be able to:
- View your policy information, including your coverage limits, deductibles, and expiration date.
- Make changes to your policy, such as adding or removing vehicles, changing your coverage limits, or updating your address.
- File a claim online. Simply provide us with some basic information about the accident, and we will assign an adjuster to your case.
- Pay your premium online. You can pay your premium using a credit card, debit card, or electronic check.
- Print your insurance ID cards.
- Contact your agent.
Managing your commercial auto insurance policy online is easy and convenient. You can do it anytime, day or night, from the comfort of your own home or office.
If you have any questions about managing your policy online, please contact your Nationwide agent. They will be happy to help you.
Discounts available
Nationwide offers a variety of discounts on commercial auto insurance to help you save money. Some of the discounts that we offer include:
- Multi-policy discount:
If you bundle your commercial auto insurance policy with other Nationwide policies, such as your business owner's policy or your workers' compensation policy, you may be eligible for a discount.
Good driver discount:If you and your employees have good driving records, you may be eligible for a good driver discount.
Claims-free discount:If you have not filed any claims in a certain period of time, you may be eligible for a claims-free discount.
Accident-free discount:If you and your employees have not been involved in any accidents in a certain period of time, you may be eligible for an accident-free discount.
Anti-theft device discount:If your vehicles are equipped with anti-theft devices, you may be eligible for an anti-theft device discount.
Defensive driver discount:If your employees have completed a defensive driving course, you may be eligible for a defensive driver discount.
The amount of your discount will vary depending on the type of discount and your individual circumstances. Talk to your Nationwide agent to learn more about the discounts that you may be eligible for.
Taking advantage of discounts is a great way to save money on your commercial auto insurance premium.
FAQ
Have questions about commercial auto insurance? Here are some frequently asked questions and answers to help you get started:
Question 1: What is commercial auto insurance?
Answer: Commercial auto insurance is a type of insurance that protects businesses from financial losses caused by accidents involving company vehicles.
Question 2: What does commercial auto insurance cover?
Answer: Commercial auto insurance typically covers liability for bodily injury and property damage, physical damage to company vehicles, and medical payments for employees injured in an accident.
Question 3: Who needs commercial auto insurance?
Answer: Any business that owns or leases vehicles that are used for business purposes needs commercial auto insurance.
Question 4: How much does commercial auto insurance cost?
Answer: The cost of commercial auto insurance varies depending on the type of business, the number of vehicles, the driving records of the employees, and the coverage limits.
Question 5: What are some ways to save money on commercial auto insurance?
Answer: There are a number of ways to save money on commercial auto insurance, such as bundling your policies, taking advantage of discounts, and increasing your deductible.
Question 6: What should I do if I am in an accident while driving a company vehicle?
Answer: If you are in an accident while driving a company vehicle, you should immediately report the accident to your employer and to your insurance company.
Question 7: How can I get a quote for commercial auto insurance?
Answer: You can get a quote for commercial auto insurance by contacting a Nationwide agent. They will be able to assess your risks and provide you with a quote that meets your needs.
For more information about commercial auto insurance, please contact a Nationwide agent.
Tips for choosing the right commercial auto insurance policy
Tips
Here are a few tips for choosing the right commercial auto insurance policy:
Tip 1: Assess your risks.
Before you start shopping for commercial auto insurance, take some time to assess your risks. Consider the type of business you operate, the number of vehicles you own or lease, the driving records of your employees, and the areas where your vehicles will be driven.
Tip 2: Compare quotes from multiple insurance companies.
Don't just go with the first insurance company that you talk to. Get quotes from multiple insurance companies to make sure that you are getting the best rate. Be sure to compare the coverage limits and deductibles of each policy.
Tip 3: Consider your budget.
Commercial auto insurance can be expensive, so it is important to consider your budget when you are choosing a policy. There are a number of ways to save money on commercial auto insurance, such as bundling your policies, taking advantage of discounts, and increasing your deductible.
Tip 4: Choose an insurance company with a good reputation.
When you are choosing an insurance company, it is important to choose one with a good reputation. You want to be sure that the company is financially sound and that it will be there for you when you need it.
By following these tips, you can choose the right commercial auto insurance policy for your business.
Conclusion
Conclusion
Commercial auto insurance is an essential protection for any business that owns or leases vehicles. It can help protect your business from financial losses caused by accidents involving company vehicles.
When choosing a commercial auto insurance policy, it is important to consider your risks, compare quotes from multiple insurance companies, consider your budget, and choose an insurance company with a good reputation.
By following these tips, you can choose the right commercial auto insurance policy for your business and protect your business from financial losses.
Closing Message:
Don't wait until it's too late to get commercial auto insurance. Contact a Nationwide agent today to get a quote and learn more about how Nationwide can help protect your business.
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