Business Auto Policies are most common as they provide the correct auto insurance coverage for most businesses. These policies are not unlike a personal auto policy in that they can provide liability, uninsured motorist, underinsured motorist, physical damage, medical payments, personal injury protection (PIP), roadside assistance and rental reimbursement coverages. The difference is in the way the policy is rated based on the business classification of the business, radius of operations, numbers of trips per day, and if vehicles used for business only or business and personal as well as many other factors not taken into account on a personal auto policy.
There are other commercial auto risks which require specialized coverage. These risks would include motor carriers, auto related businesses and trucking firms.