Buy Commercial Insurance

Reader’s Question:

When do you need to buy commercial insurance as opposed to the regular car insurance policy?

Mark

Chicago IL

If you use your automobile in business you have to inform the insurance firm. In certain cases it is best to possess a “regular” personal car insurance having a business endorsement and perhaps you’ll need “commercial car insurance”. There are some various kinds of plans to think about and here are a few basic suggestions that will help you select. You may either buy a Personal Auto Policy or a Commercial Auto Policy (Business Auto Policy).

* Have to be insured whenever you pick up or deliver products and/or people

* Need coverage for any staff if they drive the automobile or have employee-owned cars

* Need increased coverage limits than what is offered through a personal auto policy

* Protection for any sort of business ownership (Sole Proprietorship, Corporations, Partnerships, LLC, etc.)

* Several cars used for artisan use (see above)

* Equipment is permanently attached to the car