Commercial Auto Insurance
– As a business owner, you need the same kinds of insurance coverage for a 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. Sometimes 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 any confusion in the event that you need to file a claim or a claim is filed against you. Commercial Auto Insurance provides the automobile and/or truck rental and leasing industry with a broad range of value added insurance coverage. Products include auto daily rental, business auto fleet, interim liability and physical damage, leasing, lessors contingent/excess liability, lessors contingent physical damage and a rental package.
Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. We make sure to 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 coverage is the same, a business auto policy differs from a personal auto policy in several respects. We will be sure to explain all the differences and options.