What business insurance on commercial auto is used for?
Just imagine driving your personal car without having an auto insurance policy. The same goes for corporate vehicles. Regardless of whether you have personal auto insurance or not, your company’s vehicle should have commercial auto insurance. This is due to the fact that your personal car insurance policy won’t provide any coverage in case you’re engaged in a car accident while driving a corporate auto. You can even be charged with misrepresentation in case you include a commercial auto in your personal car insurance policy.
What coverage does business insurance on commercial auto provide?
There are numerous types of coverage available through a business insurance auto policy, so make sure to consult with your insurance broker or agent on choosing the most appropriate for your business. You should discuss all the vehicles used in your business: cars, pickups, vans, and trucks. You should also consult about covering “non-owned” vehicles, in case your employees use their own cars for work; and rented autos, in case your employees use rented vehicles for work.