If you think that business car insurance is only for big businesses, think again. This type of policy can also protect small businesses and self-employed individuals from the financial risks of a car accident. Keep reading to learn more.
Business Car Insurance vs. Personal Car Insurance
As its name suggests, Personal Car Insurance is the type of insurance a driver purchases for personal use.
Business Car Insurance, on the other hand, provides coverage for cars, trucks, vans, and other vehicles used by a business.
In limited cases, a Personal Car Insurance policy may cover some business uses, especially if you drive your vehicle for both personal and business purposes.
However, you should keep in mind that many uses and vehicle types are excluded from Personal Car Insurance policies.
Not having the right type of insurance can result in expenses that often prove unmanageable for a small business. That’s why it’s extremely important to contact an insurance expert who can help you determine the right coverage for you and your organization.
Do I Need Business Car Insurance?
If one or more of the following statements apply to you, then chances are good that you need Business Car Insurance:
- Your vehicle or vehicles are owned by a corporation or partnership.
- Your vehicle or vehicles weigh more than a normal-size pickup or SUV.
- You provide services with your vehicle.
- Your type of business requires higher liability limits.
It’s worth noting that your standard Business Owners Policy (BOP) does NOT include protection for your vehicles, which must be covered by a separate policy.
Most states require businesses to cover their vehicles with liability insurance for bodily injury and property damage. Additionally, some states also require you to purchase uninsured/underinsured motorists coverage and/or medical payment coverage.
If you still need help figuring out the Business Car Insurance your organization needs, call the experts at RF Insurance Services. We’ll be happy to help you build a policy that works for you.
RF1 Insurance Services: Customized Business Car Insurance in Ontario, California
Looking for Business Car Insurance in Ontario, California, or anywhere else in the Golden State? Our friendly experts at RF Insurance Services stand ready to meet all your commercial and personal insurance needs.