What is Business Auto Insurance?
Insurance for automobiles, trucks and vans used for business purposes falls
under Business Auto Insurance. If you own a business and use personal vehicles
for business purposes, you should consider a Business Auto Insurance policy.
Many personal auto insurance policies exclude coverage if a vehicle is used
mainly for business. Business Auto Insurance is sometimes called Commercial
Auto Insurance.
Will my employees' personal autos be covered under a Business
Auto Insurance Policy if they are using their autos for business?
Most Business Auto Insurance policies cover the liability for your business
for employees using their own autos for business. However, the employees'
personal auto policy would be the primary coverage for damage to their automobile.
When should I drop the comprehensive and collision coverage
on my old autos?
If you have an outstanding loan on your auto, most lenders require comprehensive
and collision coverage. If you or your business owns the vehicles outright,
then the decision should be based upon your financial reserves and the value
of the auto. Is the value of the auto close to the premium paid for comprehensive
and collision? Do you have liquid funds that could be used to replace the
vehicle if destroyed or stolen? Can you buy another vehicle of this type?
There are many factors to consider.
Does my Commercial Auto policy provide coverage if I rent a vehicle?
No; coverage typically applies only to the vehicle specified in your policy.
When renting a vehicle, you should purchase Hired
Auto Liability and Physical
Damage coverage separately.
Is my trailer automatically covered under my Commercial Auto policy?
Only if its gross vehicle weight (GVW) is less than 2000 lbs. If the GVW
exceeds this limit, you must specifically schedule your trailer on your
Auto policy.
Can other people drive my business vehicle?
Yes; others may drive your vehicle with your permission. They should, however,
be listed on your policy if
they're regular drivers of the vehicle.
Free Low Quotes and Trusted Online Resources
All Your Needs Insurance can get you a free low quote, as well as aligning
you with an business auto insurance professional who can answer your questions.
We make it simple to get a free competitive business auto insurance quote.
Start saving now, get your free low business auto insurance quote today!
