Are you a small business owner or contractor? If you have a vehicle that is used for business purposes, Texas state law requires you to carry commercial auto insurance. Commercial-sized vehicles can include pick-up trucks, vans, landscaping trucks, utility trailers, cargo vans, flatbeds or straight trucks, and more. Commercial auto insurance protects and provides coverage for you, your employees, passengers, and business! This insurance can also cover the costs associated with lawsuits due to automobile accidents involving business vehicles.
Covers injuries or damages to the other driver and their property. This does not cover injuries or damages to you or your property. The minimum required coverage for liability insurance is $30,000 per person for Bodily Injury, $60,000 per accident, and $25,000 for Property Damage. This is the lowest amount of coverage you can have for commercial auto insurance in the state of Texas.
Together these offer full protection when your commercial vehicle is damaged. Comprehensive insurance covers your commercial vehicle from damages caused by fire, theft, vandalism, or hail. Collision insurance also covers damages to your commercial vehicle caused by a collision with another car or an object.
Covers medical costs which include medical bills, dental care, and/or funeral expenses as a result of an accident. This coverage pays regardless of who is at fault for causing the accident.
Covers you from damages resulting from a driver who caused an accident and does not have any, or enough, insurance to cover the incurred damages.
Covers certain medical expenses and loss of wages incurred as a result of an accident. PIP covers you and your passengers in the commercial vehicle, minus standard deductible payments, before a payout is given.