A commercial auto insurance policy is a very profound need known to companies which own a variety of cars, and you can learn more. However, you may resort to using your personal auto insurance if your company is small. 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.Naturally, a personal insurance covers your car accident, but you will not be compensated if the car was in use for business purposes. In such instances, you and your company face some serious trouble. 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.
The other option is the comprehensive coverage. A car that is stolen damaged by a disaster or stolen is covered by this option. This policy covers vehicles used for businesses or a single vehicle.
Again, there are other coverage options. One of them is the uninsured motorist coverage.This policy is much like a personal auto insurance, and you can read more here. If a driver is involved in a wreck and is not insured, this policy will protect that business. This policy will offer protection even in the hit and run scenarios.
Rental reimbursement policy is appropriate for businesses that rely on a vehicle. When the company car is in the garage or is being replaced, this policy will pay for a car, but you can click here. This provision of rental cars is appropriate to ensure that the production of the company is not affected.
As you purchase a commercial insurance policy, ensure that you are liable for any discounts. There are discounts associated with antilock brakes, and you better use them. Some good discount will be earned by buying a bundled coverage. 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. Ensure that you emphasize on safe driving as a policy in your company.