Collision: This coverage pays for damages to a company auto which are caused by collision with any object or upset of the auto. It pays to the policy limit minus the deductible amount you select, or to the actual value of the auto.
Combined Single Limit: This provides a single liability limit for any damages caused by a company auto. For example: You could have a 100,000/300,000 bodily injury limit and 50,000 property; or one single limit for all claims combined, such as 300,000. This would give you 300,000 protection for any damages, bodily injury or property, per each occurrence.
Comprehensive: This coverage pays for loss or damage (other than collision) to an insured auto when caused by theft, wind, fire, vandalism, explosion, or any other covered peril. It pays to the policy limit less the deductible amount you select, or to the actual value of the auto.
Drive other Car: This coverage protects your employees, or other specified individuals, when they are held liable for damages while driving a borrowed auto for personal use. This endorsement which also covers the spouse of the employee, is normally purchased for the executives or officers of the company.
Hired Car Liability: This coverage provides protection against damages when an employee is held liable for negligence while driving a vehicle being used under contract or borrowed by your firm. Third party claims are paid up to the stated policy limit.
Medical Payments: This coverage provides protection in the event of loss, when an employee or his passengers, are injured in an auto accident. This covers such expenses as medical and surgical bills up to the policy limit, regardless of who is at fault. This coverage will also help fill in certain coverage gaps found in a separate personal or family health plan.
Personal Injury Protection: This coverage provides protection in the event an employee or his passengers are injured in an auto accident. This covers such expenses as medical and rehabilitation cost, wage-loss, replacement services, and funeral expenses up to the policy limit, regardless of who is at fault.
Property Damage Liability: This coverage provides protection in the event an insured company auto damages the property of others and an employee is held liable. This includes property such as an auto, house, fence, or building. You are covered up to the policy limit for each separate occurrence.
Rental Reimbursement: This coverage pays for the rental of an auto, when an insured auto is disabled due to a collision or comprehensive damage.