Commercial auto insurance in Mississippi

Any Mississippi company that uses vehicles for business purposes must have commercial vehicle insurance, whether it’s the owner’s personal vehicle or a fleet of vehicles owned by the business.

Commercial auto insurance covers vehicles owned by your business. If your business-owned vehicle was involved in an accident, it would help pay for medical bills, legal fees, and other related expenses.

Any vehicles you own solely for work purposes must be covered by a commercial auto insurance policy, whether you own a landscaping pickup, a food truck, or a fleet of tow trucks.

A business auto policy is more extensive than a standard commercial auto insurance policy. It covers all vehicles used by a business, whether they’re owned by the company, leased, or owned by employees.

If you’re using your own vehicle for work-specific activities, your personal auto policy wouldn’t cover you in the case of an accident. That’s why many small business owners purchase hired and non-owned auto (HNOA) insurance. This liability policy covers accidents involving personal, leased, and rented vehicles used for work purposes.

If you or an employee gets into an accident while driving a personal car for a work errand, your HNOA coverage would help pay for any claims or lawsuits against your business. It’s worth noting that this type of insurance would not cover damage to the vehicle used by your business.

Your business could be in legal and financial jeopardy without commercial auto insurance coverage. Mississippi state law dictates that any business with its own vehicles must carry auto liability insurance.

If one of your business vehicles is at fault in an accident, you could face an expensive lawsuit or settlement. You’d likely have to pay for damage to the other vehicle or property, medical bills, lost wages, pain and suffering, plus other related costs.

Additionally, you could face severe penalties for not carrying auto insurance. Driving without insurance in Mississippi could result in a fine of up to $500, as well as a suspension of license and/or registration for up to 12 months.

All vehicles in Mississippi are required by law to have a minimum amount of auto liability insurance coverage, whether they’re for personal or business use. These liability limits are:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability

Your insurance agency might recommend higher liability coverage limits based on the types of vehicles you own and how they’re used.

Semi-trucks, utility and cargo trailers, and other vehicles with a Mississippi Department of Transportation serial number will have additional liability coverage requirements, depending on the type of vehicle and how it’s used.

You can see if your business needs these additional requirements by checking your USDOT number or docket number with the Federal Motor Carrier Safety Administration.

Insureon makes it easy for business owners to compare quotes for Mississippi commercial auto insurance. Complete one easy application to review quotes specific to your business and industry from leading U.S. insurance companies.

Our licensed insurance agents will answer any questions you may have and make sure you get the right commercial auto policy for your business.

They can also answer questions about other important policies, such as general liability, workers' compensation, and commercial property insurance.