Business Auto Insurance Bloomington, IL
What auto coverage do I need as a business owner?
Every registered company car and driver is required to carry both bodily injury liability and property damage liability. Financed vehicles may require you to have collision and comprehensive coverage in addition to this. Explanations of these auto coverage options can be found below.
What if I need specialized or additional coverage?
Here at Mid-America Insurance, we've got you covered! We list the types of commercial auto insurance coverages below for businesses operating in Illinois.
I'd just like to start a commercial auto quote!
If you're ready to talk to a member of our team, fill out this form and let us know a few key details about your business:
Business Auto Insurance Coverages
Business auto policies from Mid-America cover local businesses of Bloomington, Illinois whether you only have one vehicle or a whole fleet of trucks. We believe all of our customers should be educated on the basic coverages associated with business property insurance.
Bodily Injury Liability
If you cause an accident that injures someone else, you are legally responsible for their expenses. Bodily injury liability coverage will help pay their medical bills. In the case of a lawsuit, it also helps pay your defense and court costs.
*Illinois requires a minimum amount of coverage for each driver. We can help you determine the highest amount of coverage you can reasonably afford.
Property Damage Liability
If you cause an accident that damages someone's property, you're legally responsible for the cost of repairs or replacement. Property damage liability coverage is required by the state of Illinois and helps pay for these expenses as well as covering possible court costs.
Additional Business Auto Coverage Options
Collision coverage helps you repair or replace your vehicle due to an accident, whether or not you were at fault. The insurance agency will pay either the comparable value or the cost of the repair to your vehicle.
**Collision coverage is optional in Illinois, however, if your vehicle is financed or leased, the lender might require you to prove that you carry this coverage.
Comprehensive business auto coverage helps pay for the loss or damage to an insured vehicle not caused by a collision or vehicle accident. Coverage is often subject to a deductible and a few causes of loss.
**Common included types of damage are fires, floods, hail damage, falling objects, or theft. We'll go over the coverages and limits at the time of signing your policy.
Bodily Injury Liability for Uninsured or Underinsured Motorist
Uninsured bodily injury coverage can help pay expenses for you in the case of an accident. Uninsured motorist coverage applies if the other driver was at fault and did not have current insurance or does not cover the full amount of damages.
Property Damage Liability for Uninsured or Underinsured Motorist
Occasionally in auto accidents, the other driver does not have insurance or sufficient coverage to pay for damages. In this case, uninsured motorist property damage can help pay to repair or replace your car if it is damaged in an auto accident.
Any reasonable and related medical expenses that result from a business auto accident will be covered under this optional coverage.