Florida has 194 fatal accidents caused by commercial truck drivers annually. When you operate a company, you'll want coverage for all the what-ifs. Florida business insurance can offer commercial auto insurance so that you meet state guidelines.

A Florida independent insurance agent can help your business get the right coverage for an affordable price. They will review your policies for free so that you know you're protected. Connect with a local expert to get started today.

What Is Commercial Auto Insurance?

Florida commercial auto insurance is a policy that will cover your liability and physical damage while operating vehicles for your business. When you allow employees to drive company vehicles, your exposure is even greater. Coverage is required by Florida law.

Is Commercial Auto Insurance in Florida Mandatory?

In Florida, you are required by law to carry certain minimum liability. If you are without coverage, you could face severe penalties or worse. Check out the state's requirements below:

Florida's minimum liability requirements for commercial vehicles:

• $25,000 property damage liability per accident
• $50,000 bodily injury liability per accident
• $20,000 bodily injury liability per person

Commercial vehicle sales worldwide (in million units)

If your business hauls items with company autos, you'll need cargo coverage. These loads will be categorized by both the Department of Transportation and the insurance carrier. Hazardous materials will have to follow specific guidelines to be adequately insured.

How Much Does Commercial Auto Insurance Cost in Florida?

The commercial auto insurance industry as a whole is a $46.6 billion market. The cost of your policy will be a small fraction of that figure. Check out the risk factors that companies use to determine your pricing below:

• Year, make, and model of all vehicles
• The radius in which you travel
• The number of drivers and their driving records
• The coverage you choose
• Where you store the vehicles
• What safety measures you have in place

What Does Commercial Auto Insurance Cover in Florida?

Your commercial auto insurance in Florida will come standard with the minimum limits of liability. If you want coverage for anything else, you'll have to add it. Take a look at the optional coverage choices below:

• Towing and roadside assistance: This will pay for a tow to pick up your disabled commercial auto. 
• Rental car insurance: This covers the cost of renting a commercial vehicle while your company-owned auto is being repaired.
• Uninsured motorist insurance:  If your commercial auto is involved in an accident with an uninsured driver, this provides coverage for property damage and medical costs.
• Comprehensive insurance: This covers the cost to repair or replace your commercial vehicle if it is lost or damaged due to a non-collision accident.
• Collision insurance: This will replace or repair your commercial auto that is damaged due to an accident.
• Non-owned or hired auto liability insurance: If an employee or contractor uses a non-company-owned vehicle while doing business on your behalf, this will cover your exposure.

What Doesn't Commercial Auto Insurance Cover in Florida?

Every policy will come with a list of exclusions. Florida commercial auto insurance is no different, and it's vital to know what won't be covered. Check out what's not insured under commercial auto insurance:

• Non-scheduled vehicles: Unless your policy has bailee's coverage, you will not have insurance for customer vehicles not listed on the policy.
• Drive other car: If you are renting or driving another vehicle on company time and have an accident, you won't have coverage under your policy without a drive-other-car endorsement.

Passenger car claims under comprehensive auto insurance

(per 100 car years)

Every company is at risk for a loss.  If you're without the proper insurance, you could be out the cost of a loss. Consider reviewing your policies with a trained professional. 

How a Florida Independent Insurance Agent Can Help You

Commercial vehicle insurance is a mandatory and necessary policy for any business. If you have inadequate coverage, you could be on the hook for thousands of dollars in loss. In Florida, you can obtain sufficient protection for a fair price. 

A Florida independent insurance agent has access to numerous carriers so that you have options. They do the shopping for you at no cost, saving you time. Get connected with a local expert on TrustedChocie for tailored quotes in minutes.