Four Questions to Get the Right Auto Insurance
Using the right tool for a job is key to success in any profession. Experts say the same principle applies when selecting an auto insurance policy. Having the right type of policy can help ensure that you, your employees and your business are all protected in the unfortunate event that one of your vehicles is involved in an accident.
If you’re a business owner and you or your employees use a vehicle for business-related deliveries or to carry certain materials to and from a job site, you may need a commercial auto insurance policy that’s tailored to more closely suit the needs – and risks – of a business vehicle operator.
Here are some questions that can help you determine if you might need a commercial auto policy instead of a personal auto policy, courtesy of America’s Choice Insurance Partners:
- Do you need more liability coverage than your personal auto policy provides? Generally, a commercial auto policy provides higher limits of liability but less or no coverage in areas that are typically not associated with commercial auto risks.
- Do you need special coverage for situations associated with conducting business? Commercial auto policies also usually offer certain coverage’s – such as hired and non-owned auto coverage and coverage for towing a trailer for business use – that are not available with personal auto policies.
- Do you need to list any employees as drivers? You can do this with a commercial auto insurance policy.
- Do you use your vehicle for business purposes? If you use your vehicle for things like pizza or newspaper deliveries, catering, door-to-door consulting services, landscaping or snowplowing services, a logging business, a day care / church retreat van service and / or a farm-to-market delivery, you might need a commercial auto policy.
Did You Know?
Liability insurance is for bodily injury and property damage. This covers your legal liability, up to the dollar limits you select, for damages caused to others in a covered vehicle accident. In most states today, liability insurance is mandatory.