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    New York Commercial Auto Insurance

    New York Commercial Auto Insurance

    Many of New York's 2.2 million small businesses require commercial auto insurance to protect themselves from accidents and other mishaps involving their company vehicles. Personal auto policies typically do not cover business vehicles because they are subject to more liability than personal vehicles.

    Over 700,000 small business owners across the country rely on us to safeguard their work vehicles and livelihoods. Whether they run small cleaning service in New York City or a floral shop in Buffalo, each receives customized coverage to meet their specific needs.

    All commercial auto policies in New York must have a minimum liability limit of $25,000 per person and $50,000 per accident for bodily injury, and $10,000 for property damage (25/50/10). Some policies are required to have higher limits based on the vehicle types listed on them. 

    Read on to learn more about the requirements, coverage, and other types of insurance you can acquire for smart long-term business solutions. 

    Requirements For New York Commercial Auto Insurance 

    Requirements For New York Commercial Auto Insurance 

    You cannot use your auto insurance to cover a commercial vehicle in New York. Even if you already have personal coverage on your vehicle, the state requires a separate commercial policy if you use it for business. Here are the need-to-knows when it comes to New York commercial auto insurance requirements:

    • Property damage liability of $10,000
    • Individual bodily injury of $25,000
    • $50,000 for two or more people
    • Individual death coverage of $50,000
    • $100,000 in life insurance for two or more people

    What Does New York Commercial Auto Insurance Cover?

    Although the mandatory minimums for commercial insurance are the same as for personal vehicles, commercial premiums are typically higher. Vehicles requiring commercial insurance include:

    • Vehicles used in construction
    • Pick-up trucks are used for business.
    • Vehicles for delivery (even pizza delivery vehicles)
    • Any licensed vehicle used for business purposes

    Other Insurance Types

    Knowing the different types of auto insurance and their coverages is important in getting the right policy for you if you want to cover your bases and get your commercial vehicles insured. Here are some of the most common types of car insurance, how they work, and what they cover:

    Reliable commercial or business auto insurance remains competitive in small and large enterprises. However, finding the right commercial auto policy can make a big difference in your business's future.

    To learn more about commercial auto insurance policies for your business in New York, read through our blogs at Assured Standard and grasp what smart long-term business solutions could look like.

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    Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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