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Protect Your Drivers With Ohio Commercial Auto Insurance?
Ohio is home to more than 996,000 small businesses that employ 2.2 million employees across the state.1 If you own a small business in Ohio, you’ll need the right type of business insurance to keep you and your employees protected. And if your company depends on any business vehicles to get the job done, it’s crucial to have el seguro comercial para automóviles.
Commercial auto insurance, known as commercial vehicle coverage, helps cover the costs of accidents that occur while you or your staff use personal or company-owned cars for business purposes. This coverage can help cover property damage costs and medical payments resulting from a car accident, whether it’s a fender bender or a fatal accident. Ohio commercial auto insurance is required by law to keep your business vehicles and your employees protected while on the road.
Ohio Commercial Auto Insurance Requirements
In Ohio, both personal and commercial vehicles are required to have a minimum amount of auto liability insurance coverage. The minimum liability limits in Ohio are the following:2
| Cobertura | Minimum Coverage Required |
|---|---|
| Bodily Injury Liability Coverage | $25,000 per person, $50,000 per accident |
| Property Damage Liability Coverage | $25,000 per accident |
How Much Does Commercial Auto Insurance in Ohio Cost?
What you pay for commercial auto insurance in Ohio often depends on your industry and the types of vehicles your business operates. There are several other factors that may influence the cost of commercial auto insurance, like the:
- Type of business you have
- Type of vehicle your employees drive
- Driving records of your employees
- Typical travel radius driven
- Type of load the company vehicle is carrying
- Location of your company
Who Needs Commercial Auto Insurance in Ohio?
If your Ohio small business owns any company vehicles that you or your employees use for work, you’ll need to have commercial auto insurance. Even if your employees use their personal vehicles for business purposes, you’ll still need commercial auto insurance to protect them while they’re driving for work.
If your business uses any types of vehicles for work purposes, like cars, pickup trucks, box trucks o commercial vans, commercial vehicle coverage will help safeguard your operations.
Common Ohio Professions That Need Auto Insurance
There are many types of small businesses that can benefit from having commercial auto insurance coverage. Some of the most common industries that typically need commercial auto insurance include:
What Does Commercial Auto Insurance in Ohio Cover?
If your small business depends on any company vehicles for business, you’ll need commercial auto insurance. In OH, commercial auto insurance policies commonly include the following types of coverages:
- Bodily Injury Liability Insurance Coverage helps pay for the other driver’s medical expenses if you or one of your employees causes an accident.
- Property Damage Liability Insurance Coverage pays for damage that you or your employees cause to someone else’s property.
- Drive Other Car Coverage covers your business’ executive officers and their spouses if they drive vehicles that aren’t on your commercial auto insurance policy.
- Collision Coverage helps pay to fix or replace your business’ car if you hit something, like another car or pole.
- Comprehensive Coverage can help pay for damages caused by theft, fire or natural disasters.
- Medical Payments Coverage can help pay for medical expenses for your employees and their passengers in the event of an accident, such as medical treatments and rehabilitations, dental care or funerals.
- Uninsured/Underinsured Motorist Coverage helps pay for you or your employees’ medical expenses or to fix your car if you get into an accident with another driver who lacks enough liability coverage or is uninsured.
- Hired and non-owned auto insurance offers lawsuit liability coverage if you or your employees are involved in an accident with a personal, rented or leased car that was used for business errands. However, this type of commercial vehicle insurance coverage will not pay for damages to the personal, rented or leased car.
OH Commercial Auto Insurance FAQs
What Is the Difference Between Commercial Auto Insurance and Personal Auto Insurance?
Commercial auto insurance covers your company-owned vehicles used for business reasons, while personal auto insurance offers coverage for your personal vehicles that are driven for personal reasons. Typically, all your business’ employees with valid licenses would receive coverage under a commercial auto policy as additional insureds. In addition, your commercial auto policy typically offers more comprehensive coverages, like higher limits and liability coverages, that you won’t see in a personal auto policy. If you’re a small business owner and use a personal vehicle for work purposes, you’ll need small business auto insurance
Is Ohio a PIP State?
Personal Injury Protection (PIP) coverage is not required and currently not available in Ohio. Ohio is considered an “at-fault” state, which means that at least one driver will be found at fault in the event of an accident.
What Types of Vehicles Are Covered by Commercial Insurance?
Most types of sedans, SUVs and pickup trucks are typically covered under a commercial auto insurance policy. Some examples of other types of vehicles that may need commercial auto insurance include:
Get a Fast and Free Quote for Commercial Auto Insurance in Ohio
We’re an insurance company backed by more than 200 years of experience. We know that your small business faces unique risks, so it’s important to be prepared when something unexpected happens. That’s why we make it easy for you to get a fast and free quote for commercial auto insurance in Ohio. Call 855-860-9763 para solicitar una cotización hoy mismo.
Additional Ohio Business Insurance Coverages
Last Updated: October 26, 2023
1 U.S. Small Business Administration, “2022 Small Business Profile – Ohio.”
2 Ohio Bureau of Motor Vehicles, “Mandatory Insurance.”
Divulgaciones adicionales a continuación.