Business Auto Insurance Program

Bancorp’s Business Auto Insurance can cover a combination of vehicle types and drivers, as well as some types of other motorized equipment. These programs provide protection for bodily injury and property damage while operating a company vehicle.

Personal insurance policies for privately owned vehicles may not cover damage to your privately owned car or truck when being used for business purposes.

Listen to our podcast where we discuss the difference between personal and commercial auto.

Top 3 Money Saving Reasons Why You Need to Buy Business Auto Insurance

1. Keep Your Personal Finances Separate from Your Business Finances: Your CPA and your lawyer will tell you to set up a LLC, Partnership, Inc. etc. to separate your personal liability from your business liability. You do it for tax reasons and you do it to protect your families’ personal assets. It makes good sense. But when you add your business auto to your personal auto policy you just crossed that line, now your personal assets can be used to pay off a business auto claim.
2. Protecting Your Business from Dangerous Insurance Gaps of Coverage: Most Business Liability policies protect you for $1,000,000 in liability limits. Most personal auto policies protect you up to $300,000 in liability limits or in rare cases $500,000. If you have a serious accident while driving your business vehicle, chances are the lawyer for the other party will sue you for at least a $1,000,000.00. In this case if you lose the lawsuit your auto personal liability limits are $300,000 the company will pay out to that limit only, you’ll be on the hook for the $700,000.
3. Extend Your Business Auto Coverage to Rented and Your Employee’s Autos: Business Auto Insurance policies have a endorsement you can buy for little, or nothing called Hired and Non-Owned Auto which means if your employee, or you, drive your employee’s car to the bank on company business and have an accident on the way there, your Business Auto liability limits will be extended to that vehicle. Why is that important? Again, we live in a very litigious society and because of that we need to protect our business assets and our personal assets.

Don’t Let Everything You Own Ride Down the Highway At 60 Miles An Hour

In effect when you or an employee drive on behalf of the business that’s exactly what you are doing. Everything you own is in that car or truck going 60 miles an hour. It’s easy to protect your assets just fill out the quick quote form on this page or give us a call 800-452-6826.

Your Personal Auto Policy is not Designed to Cover Your Business Exposure

If you are transporting business property using your Personal car it may not be covered if that property is stolen or damaged in an accident. Generally, personal property from your home would be covered, but business personal property is specifically excluded under your homeowners’ insurance.

NEED MORE HELP?

Appointments are available at no charge or obligation to enroll, click the link below to request a virtual, in-person or telephone appointment or give us a call at (800) 452-6826.

Active Shooter & Workplace Violence Insurance

October 31, 2023

Continue Reading Active Shooter & Workplace Violence Insurance

Lower Your Taxes: Unleash the Power of Knowledge

October 16, 2023

Continue Reading Lower Your Taxes: Unleash the Power of Knowledge

Leveraging the Power of AI in 5 Easy to Follow Steps: A Small Business Guide to Sustainable Growth

July 17, 2023

Continue Reading Leveraging the Power of AI in 5 Easy to Follow Steps: A Small Business Guide to Sustainable Growth

EXCELLENT

261 reviews on

Victoria Skinner

November 2, 2023.

Amy is amazing! She helps us navigate through insurance confusion. I will be seeing her again when the time comes.

Dennis Ramey

November 2, 2023.

Amy is always a pleasure to work with. She keeps us well informed on our policies. She has been very helpful in the past. We appreciate all the help Bancorp has provided over the years.

Don Drumhiller

November 1, 2023.

Gretta is fantastic. She will always take the time to explore options to find the best value for you. We recently explored upgrading our vehicle and homeowner policies. Gretta gave us all the options and allowed us time to process the information and make an informed decision as to what was best for us. Thank you Gretta, we look forward to working with you for many years to come.

Mark Gage

October 31, 2023.

You've probably heard the phrase, "It doesn't take a rocket scientist!" Well I was a rocket scientist, and when I recently approached Medicare eligibility, I found the choices of Parts, Plans, Supplements, and Advantages very confusing. I attended webinars, explored SSA tutorials, and read the many direct mailings that I presume every person approaching 65 will receive from insurers. One ninety minute session with Jenifer Ward of Bancorp Insurance helped me more than anything else. She patiently answered all my questions, presented clear alternatives, reviewed my applications, and helped me navigate the confounding process of Medicare enrollment. Now I believe that I am on a solid path for health care for the rest of my life. That's big.

Allen Stark

October 30, 2023.

Great insurance company to work with. Amy is very knowledgeable in health insurance.

Cindy Aaron

October 27, 2023.

Mike Turpin was extremely helpful! Very personable and quick to respond to my questions.

robert jordan

October 27, 2023.

thats the only place I would or do go. from cars to medicare supplements they have great prices,product and service been sending my friends and they been lovin it the top of the heap

Tara Pearson

October 23, 2023.

We had the pleasure of working with Mike in the La Pine office and he was great. Found us a great deal, saving us a ton of money from our current policy. We were referred by a family member and we will absolutely refer.

Kristine Thomas

October 20, 2023.

I appreciate Mike's knowledge and professionalism when helping me find a better rate for my car insurance.

Load more

Meet the Bancorp Insurance Commercial Line Agents