The companies that own a variety of cars know that they need commercial auto insurance.There are chances that your company may be small and you resort to using your personal auto insurance. Personal auto insurance is widely used by many one-man owned businesses.Sadly, it is unknown to them that the use of personal auto insurance policy for business cars is a costly affair. Read more to be more enlightened.
An insurance company may not compensate you if you cause an accident with your car while making some business deliveries like cakes. Regardless of the fact that your car insurance covers your car against accident loses, you will not be liable for compensation if the car is proven to have been on a business mission. This is serious trouble that you and your company will need to navigate personally. In many areas, commercial auto policy resembles a personal auto policy, but there are some differences for commercial auto policy.
The liability coverage is enjoyed by the company in the event that a driver gets involved in an accident. The liability protection extends to all employees who will ever drive the company cars.The collision coverage comes as an option that pays if the car is involved in a wreck. If the car is involved in a wreck, collision coverage is an option that can work.
Comprehensive coverage is the other option.This option is handy if the car is damaged by a disaster or stolen. The comprehensive policy covers a single vehicle or vehicles that are used for businesses.
There are also other coverage options, but you can check this service. The uninsured motorist coverage is one of them, and you can visit this company. There is not much difference between this and a personal auto policy. The business will be protected if a driver gets involved in a wreck and they are not insured. The hit and run scenarios are taken care of in this policy.
The businesses that rely on a vehicle are better off with Rental reimbursement coverage. A car will be provided by this policy if the company car is under repair or is being replaced, but you can click. This rental car provision will ensure that the operations of the company continue even when the company car is not available.
As you plan to purchase a commercial insurance policy there are ways you can make some savings. There are discounts associated with antilock brakes, and you better use them.You may also buy a bundled coverage and get some discounts. Upfront payment is a sure way to earn you good discounts.
You will need to do some evaluations for a commercial policy, and you can discover more. If you drive your car for some business trip and you have a personal policy, the insurer should know, and you can click here for more. Your company should seriously take safe driving as a policy so as to reduce liability.