The persons or entities that qualify as insureds are classified into three categories:
The commercial auto policy defines "auto" as a land motor vehicle, trailer or semitrailer designed for travel on public roads. Mobile equipment like trailors and forklifts would be covered in transit, however, if not used in transit, you would need an additional endorsement depending on the nature of your business.
Vehicles automatically covered:
In contrast, mobile equipment used to perform operations like digging, scraping, or lifting large items (think crane or forklift) are used primarily off public roads. Mobile equipment may be driven or conveyed on a public road from one job site to another. Yet, transportation is not its primary purpose. Therefore, depending on your needs additional coverage options under Inland Marine Insurance such as Contractor's Equipment Insurance or Floating Property Insurance may be required.
The definition of mobile equipment includes six categories of vehicles. These include vehicles:
Still have questions about a Commercial auto policy? Find out if you also need a Motor Carrier endorsement, Cargo Insurance or an Inland Marine policy by talking to a Builders' Choice agent today!