It is imperative for business owners to determine whether they need a commercial auto insurance policy.
Having a commercial auto insurance policy may make the difference between staying in business or suffering a catastrophic loss that can lead to financial ruin. Many business owners make the mistake of assuming their personal auto insurance policy will cover a loss when driving their own vehicle during the course of business activity.
This lack of knowledge regarding commercial auto insurance coverage often results in dire consequences. It is mandatory that a business owner consult with a qualified insurance agent who is well versed in commercial auto insurance policies and can offer a large variety of custom options that will meet the business owner's specific insurance needs.
The most basic factor in determining if your business needs a commercial auto insurance policy is the use of the vehicle. If you are simply driving the vehicle to work and returning home, then a commercial auto insurance policy is usually not necessary.
However, using a vehicle for anything other than driving to and from work, and personal family use, may have you entering the realm of commercial auto insurance. The coverage is often quite similar to a personal auto insurance policy, but provides coverage for business use and multiple drivers.
Some commercial uses of a vehicle may include driving to meetings, transporting and delivering merchandise, transporting people for a fee, landscaping services, farming, construction, pizza delivery and courier services.
In my company's line of work, we handle auto claims services and adjusting for insurers. It is common to encounter claims that involve a business owner who is using a personal auto for business purposes without proper commercial coverage.
Unfortunately, what would normally be a simple auto claim escalates into one that may ultimately be denied by the insurance company. Consequently, the business owner is personally liable for out of pocket expenses for the entire loss.
This is definitely not a risk that a business owner should ever consider taking.
Many insurance providers have excellent custom commercial auto insurance policies that can fit a business' specific need. Common special auto coverage policies include business auto, heavy truck, box trucks, dump trucks, tow trucks, commercial pickups, buses and vans.
The most important fact to remember as a business owner regarding vehicles is the need to protect yourself from liability should there be an accident in the course of business operations. Failure of a company to properly insure its commercial vehicles could potentially devastate a business operation.
Take the time to visit and consult with a knowledgeable agent who is properly trained to insure your business vehicles and protect you from disastrous consequences.
For more information, call Ernie Bray at 1 (800) 403-4223 or visit www.autoclaimsdirect.com.
Having a commercial auto insurance policy may make the difference between staying in business or suffering a catastrophic loss that can lead to financial ruin. Many business owners make the mistake of assuming their personal auto insurance policy will cover a loss when driving their own vehicle during the course of business activity.
This lack of knowledge regarding commercial auto insurance coverage often results in dire consequences. It is mandatory that a business owner consult with a qualified insurance agent who is well versed in commercial auto insurance policies and can offer a large variety of custom options that will meet the business owner's specific insurance needs.
The most basic factor in determining if your business needs a commercial auto insurance policy is the use of the vehicle. If you are simply driving the vehicle to work and returning home, then a commercial auto insurance policy is usually not necessary.
However, using a vehicle for anything other than driving to and from work, and personal family use, may have you entering the realm of commercial auto insurance. The coverage is often quite similar to a personal auto insurance policy, but provides coverage for business use and multiple drivers.
Some commercial uses of a vehicle may include driving to meetings, transporting and delivering merchandise, transporting people for a fee, landscaping services, farming, construction, pizza delivery and courier services.
In my company's line of work, we handle auto claims services and adjusting for insurers. It is common to encounter claims that involve a business owner who is using a personal auto for business purposes without proper commercial coverage.
Unfortunately, what would normally be a simple auto claim escalates into one that may ultimately be denied by the insurance company. Consequently, the business owner is personally liable for out of pocket expenses for the entire loss.
This is definitely not a risk that a business owner should ever consider taking.
Many insurance providers have excellent custom commercial auto insurance policies that can fit a business' specific need. Common special auto coverage policies include business auto, heavy truck, box trucks, dump trucks, tow trucks, commercial pickups, buses and vans.
The most important fact to remember as a business owner regarding vehicles is the need to protect yourself from liability should there be an accident in the course of business operations. Failure of a company to properly insure its commercial vehicles could potentially devastate a business operation.
Take the time to visit and consult with a knowledgeable agent who is properly trained to insure your business vehicles and protect you from disastrous consequences.
For more information, call Ernie Bray at 1 (800) 403-4223 or visit www.autoclaimsdirect.com.