What Contractors Need to Know About Commercial Auto Insurance
As a contractor, you may use your personal vehicle for business purposes. However, your personal auto insurance policy may not cover you if you get into an accident while using your vehicle for business. That’s why you need commercial auto insurance.
Commercial auto insuranceis like personal auto insurance, but it’s specifically for vehicles that are used for business purposes. If you have commercial auto insurance, you’ll be covered if you get into an accident while using your vehicle for business. There are a few things to keep in mind when you’re shopping for commercial auto insurance. First, make sure you know what coverage you need. You may need different coverage than what you have on your personal auto insurance policy. Second, don’t assume that all commercial auto insurance policies are the same. There can be a lot of variation in coverage and cost.
5 things you need to know about personal vs business auto insurance
Auto insurance is a topic that confuses many people. Do you need personal auto insurance if you have business auto insurance? What's the difference between the two? Here are five things you need to know about personal vs business auto insurance:
1. Business auto insurance covers vehicles used for business purposes.
2. Personal auto insurance covers vehicles used for personal purposes.
3. Business auto insurance typically has higher coverage limits than personal auto insurance.
4. Personal auto insurance typically has lower premiums than business auto insurance.
5. If you use your personal vehicle for business purposes, you may need to purchase a separate business auto insurance policy.
There are a few key differences between personal and business auto insurance. Business auto insurance is generally more expensive than personal auto insurance, but it offers more coverage. For example, business auto insurance often covers things like rental car reimbursement and towing, which personal auto insurance may not cover. So, which is right for you? It really depends on your needs. If you use your car mainly for personal use, then personal auto insurance is probably sufficient. However, if you use your car for business purposes, then you'll need to get business auto insurance.
Here at Pascal Burke Insurance Brokerage, our partners offer you the best commercial auto insurancepolicy for your business's specific needs. We are specialists in an array of policies that covers not only general contractors but every single trade in construction and small business. For a hassle-free transaction about your insurance policy reach us at buildersartisans.com