Mountain Pacific Insurance

Commercial Auto Insurance in Nevada

Commercial Auto Insurance in Nevada, California, Arizona & Oregon

Mountain Pacific Insurance Services is an independent insurance agency located in Nevada & California. We provide high-quality insurance solutions to our communities in California & Nevada and to residents in Arizona & Oregon.

Commercial Auto Insurance Nevada

Commercial Auto Insurance in Nevada

What is commercial auto insurance?

Commercially registered vehicles generally need to be insured with commercial policies. Thus, any Nevada business that has its own vehicles likely needs a commercial auto insurance policy.

Commercial auto insurance is specialized auto insurance for businesses’ vehicles. Policies may cover a business’s vehicles, people in the vehicles, people outside the vehicles, and the business itself.

Commercial Auto Insurance Nevada
Commercial Auto Insurance Nevada

Most Nevada businesses with their own vehicles should be prepared to get business auto insurance. State law broadly requires minimum coverages, and more coverages are widely recommended.

In specific, state law normally requires at least a 25/50/20 policy. This is a policy with at least $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident, and $20,000 in property damage coverage.

Again, higher limits and other coverages are highly recommended because these requirements offer only very basic protection. A knowledgeable insurance agent can help businesses determine what coverages and limits make sense for them.

While the specifics can vary by policy and provider, business auto insurance typically provides the following:

  • Bodily Injury Liability: Might cover medical expenses if your business is at fault in an accident that injures someone not in the business’s vehicle.
  • Property Damage Liability: Might cover repair costs if your business is at fault in an accident that damages another’s vehicle or other property.
  • Collision Coverage: Might cover damage to your business vehicle from a collision.
  • Comprehensive Coverage: Might cover damage to your business vehicle caused by non-collision incidents like theft, vandalism or natural disasters.
  • Medical Payments Coverage: Might cover medical expenses if there’s an accident that injures your employee driver or their passengers.
  • Gap Coverage: Might cover the difference between the cash value of a business’s vehicle and the outstanding balance owed on its financing (lease, car loan, etc.).

The premiums paid for commercial auto policies are usually tax-deductible as a business expense, so long as the insured vehicles are used for business purposes. Before deducting any business expense, however, it’s advisable to speak with a qualified tax professional.

Both commercial auto and personal auto insurance provide coverage for vehicles and accidents, but they differ primarily in the vehicles insured. Personal auto policies are for personal vehicles, and business auto policies for commercial vehicles.

Because business auto policies cover commercial vehicles, these policies might come with a few additional coverage options and.or higher limits. They also can insure vehicles that personal policies are less likely to, such as straight trucks, cargo vans and commercial trailers.

Sole proprietors frequently use their personal vehicles for business-related purposes, which creates a unique insurance situation. 

Additional coverages beyond what personal auto policies have as standard protections are often needed, but this typically doesn’t necessitate a full-fledged business auto policy. An endorsement can instead usually be added onto a personal policy, offering limited coverage for business driving at a nominal extra cost.

An insurance agent who specializes in business auto policies will be able to determine whether an endorsement is sufficient, or if a business auto policy is indeed needed.

Mountain Pacific Insurance Agency

How can Nevada businesses get commercial auto insurance?

To find the best commercial auto insurance for your business, reach out to the independent insurance agents at Mountain Pacific Insurance. We’re well-versed in the insurance needs of Nevada businesses, and we’re committed to helping you find the most suitable and cost-effective auto coverage for your business’s vehicles.

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