Do You Need Commercial Auto Insurance for One Vehicle?

Using a vehicle for business purposes often requires more than a personal auto insurance policy. Commercial auto insurance may still be necessary even if your company only uses one vehicle.

Is Commercial Auto Insurance Required for a Single Vehicle?

Commercial auto insurance is generally required even if your business only uses a single vehicle, as long as that vehicle is used for work-related purposes. Oregon mandates that businesses carry minimum liability coverage, uninsured motorist coverage, personal injury protection and property damage coverage. This applies whether the vehicle is owned by the business or used regularly for work tasks like deliveries, transporting tools or visiting clients. Suppose you’re using your personal vehicle for business. In that case, your personal policy likely won’t cover work-related incidents, so having the right commercial coverage is key to staying compliant with state law.

What Does Commercial Auto Insurance Cover?

The following are common inclusions in a commercial auto insurance policy:

• Liability coverage may compensate third parties if your business vehicle causes an accident that leads to their bodily injury or property damage.

• Collision coverage may cover your vehicle’s repair or replacement costs after a crash.

• Comprehensive coverage may provide financial aid if your vehicle is damaged due to a noncollision incident, such as fire, theft or vandalism.

• Personal injury protection may cover medical bills, lost wages, funeral expenses and other related costs for you and your passengers after an accident.

• Medical payments coverage may help cover minor medical costs for you or your passengers, regardless of who caused the accident.

• Uninsured/underinsured motorist coverage may pay for your and your passenger’s injuries if you’re hit by a driver with insufficient coverage.

Contact Us

Let’s get your vehicle covered for business use. Contact Reinholdt & O'Harra Insurance today to explore your commercial auto insurance options or to request a custom quote.

 This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.