Florida Commercial Auto Insurance

In Florida, businesses that utilize vehicles for commercial purposes must secure appropriate commercial auto insurance. This is crucial to provide coverage for vehicle damage, driver injuries, and liabilities arising from vehicle use for business operations.

Key Providers and Their Services:

  1. Progressive Commercial: They are a major player in the commercial auto insurance sector, offering coverage for a wide range of business types like bakeries, real estate agents, HVAC technicians, and painters. Their services include 24/7 policy support, specialized commercial claims adjusters, and a variety of discounts. They also provide options for additional business coverages such as general liability, professional liability, cyber insurance, and more​ (Progressive Commercial)​.
  2. East Insurance Group (EIG): They provide commercial auto insurance with focus on the food and beverage industry. EIG emphasizes the importance of factors like the vehicle’s value and usage in determining insurance costs. They suggest maintaining a clean driving record and adjusting coverage limits and deductibles to get cheaper insurance rates​ (EastInsure)​.
  3. The Hartford: They cover a range of vehicles including box trucks, commercial vans, etc., and offer various coverages such as bodily injury liability, property damage liability, uninsured/underinsured motorist coverage, and collision coverage​ (The Hartford)​.
  4. Insureon: They highlight the importance of commercial auto insurance for legal and financial protection. Insureon mentions that businesses with vehicles are required to at least carry auto liability insurance. Factors influencing the cost of insurance include the number and type of vehicles, location, claims history, and employee driving records​ (Insureon)​.
  5. GreatFlorida Insurance: They offer a variety of commercial truck policies and insurance for other vehicle types like garbage trucks, flatbed trucks, and semi-trucks. They emphasize the need for employees to have clean driving records to secure policies​ (GreatFlorida Insurance)​.
  6. GEICO: GEICO provides customized commercial auto insurance, covering vehicle damage, driver injury, and third-party liabilities. They recommend higher coverage limits than personal policies, due to the greater risks associated with business vehicles​ (GEICO)​.
  7. Florida Risk Partners: They stress the importance of having adequate liability coverage, including property damage liability, collision, comprehensive, uninsured and underinsured motorists, and medical payments coverage​ (Florida Risk Partners)​.
  8. ACI Insurance: ACI works with a range of providers including Amtrust, Ascendant, CNA, and Progressive to offer competitive rates for commercial auto insurance. They cater to different business types and requirements, ensuring a match based on budget and needs​ (ACI Insurance)​.

Minimum Coverage Requirements: In Florida, commercial vehicles must have a minimum of $10,000 in personal injury protection and $10,000 in property damage liability. However, depending on the nature of the business and the types of vehicles used, higher coverage limits might be recommended​ (The Hartford)​​ (Insureon)​.

Factors Affecting Cost: Costs for commercial auto insurance can vary based on several factors, including the number and types of vehicles, their value, usage, location, and the driving records of employees. There is also variability in rates among different providers and policy options.

For detailed information, contacting the insurance providers directly or visiting their websites would provide specific coverage options and quotes tailored to your business needs.

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