Commercial Auto Accidents Cost Small Businesses $5,725 on Average

For contractors, service companies, and other businesses that rely on vehicles for their daily operations, the company truck or van has become a mobile office. New survey data from Pie Insurance's 2025 State of Workplace Safety Report reveals that 42% of surveyed businesses with commercial vehicles experienced an auto-related incident in the past year, with average out-of-pocket costs reaching $5,725 per accident. The survey, conducted by YouGov among 1,018 U.S. small-business owners and decision-makers, underscores the financial impact of commercial auto accidents.

Inter Insurance Agency highlights the importance of reviewing commercial auto insurance coverage in light of these findings. Tim Derham of the agency notes that for many small businesses, the work vehicle is not just transportation but a crucial asset for completing jobs and serving customers. When an accident occurs, businesses face not only repair costs but also potential lost work time, interrupted jobs, and liability exposure. Commercial auto insurance policies can provide various coverages, including liability, collision, comprehensive, and uninsured/underinsured motorist protection, each addressing different risks.

The agency recommends that businesses periodically review their policies, especially when adding vehicles, hiring new drivers, or changing vehicle usage. As Derham emphasizes, 'The important question is whether the coverage you purchased still reflects the business you're operating today.' With businesses evolving, insurance should keep pace. The full report, commissioned by Pie Insurance and conducted by YouGov, was fielded in January 2025. For more information, visit Inter Insurance Agency.