Determine if your business would benefit from a commercial auto insurance policy.
Does your business own or operate vehicles? Like many small business owners, you may think that your personal auto insurance policy will protect you, your ride, and journey even when you’re on the job. Unfortunately, this is a common misconception that many business owners end up regretting.
Do you need coverage?
It can be hard to draw the line between what personal use of an auto is compared to business use. However, if you use your vehicle at all for business purposes, even if it’s the occasional daily delivery, the odds are you need commercial auto insurance. This is especially true when you buy business-owned vehicles.
Whether you’re a contractor driving between construction sites or a pizzeria making deliveries, if your business requires use of a vehicle, you will need commercial auto insurance. This coverage is designed to suit the needs of your business rather than your personal needs. Make sure that you understand what is and is not covered in a commercial auto policy so that you’re not leaving yourself vulnerable to risk and, potentially, a loss.
What does coverage include?
- Bodily injury liability
- Property damage liability
- Comprehensive coverage
- Collision coverage
- Roadside assistance
You may look at this list and think that your personal auto policy covers the same incidents, so why do you need another policy? Simply put, your personal policy will not cover business-related vehicles and journeys. This means that if you get into an accident while on the job, your personal auto insurance policy may refuse to provide coverage.
One big difference between a personal and commercial auto policy is that the latter offers more coverage for supplies and equipment, and also provides coverage for the delivery/transportation of goods/people.
Keep your business on the move and well protected by securing the right coverage. For the right commercial auto insurance policy contact Tompkins Insurance Agencies. We can help you find reliable coverage that will move with your company.