Commercial auto insurance is insurance that provides financial protection for
damages related to a vehicle designated for business use. If you use your vehicle for any business-related purposes, besides driving to work, you may need some form of commercial car insurance.
Commercial auto insurance policies are similar to personal auto insurance policies. They often include the same types of coverages.
However, most personal auto insurance policies exclude coverage for business use of a vehicle, so don’t assume you are covered with a personal policy! If you don’t have a proper commercial auto insurance policy and you or an employee is at fault in an accident, your company will be responsible for all the expenses that follow the accident.
There are a few differences between a commercial auto insurance policy and a personal auto insurance policy. As a business owner, you can list anyone that you employ on the list of insured drivers. Some types of commercial auto insurance are known as “non-owned” auto insurance, meaning the business is covered for any situation in which an employee uses their own personal car for the company. Your commercial auto insurance may be tax-deductible!
In general, you need commercial auto insurance for any vehicle that you or your company uses for business purposes, any vehicle that has a commercial license plate or tag, if any employees will be using a vehicle for the business, and any vehicle registered as a commercial vehicle. If you think you may need commercial auto insurance, give Kamm Insurance Group a call or request a quote on our website.