Who Needs Commercial Automobile Insurance
If you own your own business and use one or more vehicles as a part of it, then you should consider purchasing a commercial insurance policy. The personal insurance policy you already carry may not be sufficient to cover you in the event of an accident while you using your vehicle for business purposes.
Commercial vehicle indemnity is very similar to personal car insurance. You can purchase liability insurance, collision coverage, roadside service, a comprehensive policy and more. There are some differences. For instance, if you have a van or a truck you use to transport either tools or items that belong to the customer, then you need a policy that protects those. You stand to lose more than the vehicle itself if your expensive equipment gets smashed up. If you are delivering cakes or a flower arrangement and you are in a crash that causes them to be damaged, you will want to be compensated for that loss.
You should read over any personal insurance policy carefully before assuming that it will even cover you when using your car for non-personal driving. Insurance companies do not like to find out that you’ve been doing things they didn’t know about with the vehicle they have insured. A personal policy issued under the assumption that you use it to transport yourself and your friends and family, not that you are making deliveries or transporting valuable goods.
Commercial insurance is available the same ways that regular insurance is available. Agencies that offer vehicle cover usually offer commercial policies. There’s insurance for cars, vans and trucks that are specifically tailored according your vehicle’s uses and your needs. You can also find fleet policies designed to cover a whole group of commercial vehicles, making it easy to add additional vehicles as needed.
If you are uncertain about whether your policy allows you to use your car for work then call up your insurance provider and discuss the matter. It is better to find out what the restrictions are than to risk invalidating your policy or to find out after you have a wreck that they will not pay.
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