Commercial Auto Insurance

Commercial Auto Insurance Information

As a responsible business owner, you should have some type of insurance for the vehicles you’re using for your business, this is the same as getting insurance for your personal car that covers medical payments for personal injuries, liability and some kind of coverage for uninsured motorists.

 

As a matter of fact, a majority of business owners use the same vehicle for personal and business use. If the vehicle is owned in the name of your company, make sure the name of the company also appears on the policy as well instead of your name. This will avoid confusion at the time of filing the claim or if it is filed against you.

 

The need for buying a business vehicle insurance policy will be based on how you use your vehicle and for what purpose. Most of the time, an insurance agent will ask questions such as, who will be driving your vehicle, what is the purpose of your vehicle, how will the vehicle be used in your business and whether or not your employees will drive your vehicle or they use their personal cars.

 

Although the broad coverage of the policy is no different, a business auto insurance is still different from A personal vehicle insurance policy with respect to the technical aspects. To know about the terms and conditions in detail, ask your insurance agent to explain further.

Commercial Auto Insurance QuotesS Form

Commercial Auto Insurance QuotesS Form

Commercial Auto Insurance Information

As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

 

Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.

 

While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.