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Seattle-based Safeco Insurance has enhanced its commercial auto policy.

The new policy is designed to:
-Make it easier for customers to do business with third parties such as vendors and clients who require insurance provisions in their contracts;

-Extend coverage to protect employees and their vehicles when accidents occur on the job (subject to other primary insurance);

-Provides physical damage (comprehensive and collision) coverage that extends to any rented leased or borrowed vehicles up to $50,000 when rental liability coverage is purchased;

-Reduce a customer’s out-of-pocket expenses when a claim occurs. Safeco said it would pay full value on new vehicles in a total loss without deducting for depreciation.

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Source: Safeco