Which type of insurance provides coverage against accidents or damages caused by company vehicles?

The type of insurance that provides coverage against accidents or damages caused by company vehicles is commercial automobile insurance. This insurance is specifically designed to protect businesses from financial losses that can occur due to vehicle-related incidents, such as accidents, property damage, or injuries sustained while using company vehicles for business purposes.

Commercial automobile insurance typically covers various types of vehicles used by a business, including cars, trucks, and vans. It includes liability coverage for bodily injury and property damage resulting from accidents involving these vehicles, as well as potentially offering collision and comprehensive coverage for damage to the vehicles themselves. This is crucial for any company that uses vehicles in its operations, ensuring that they are financially protected and can continue their activities without significant disruptions or costs arising from vehicle-related incidents.

Other types of insurance, like general liability, primarily cover general business-related liabilities, while professional liability focuses on coverage for errors and omissions in professional services. Environmental liability protection specifically addresses risks associated with environmental damage, rather than vehicle-related incidents.