Business Auto Insurance Online
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There are many things that separate business car insurance from personal vehicle coverage, including the cost of premiums. Many people just assume that their regular personal policy will protect them if they use their car for business activities. The truth, however, is entirely different. Depending on the wording of your automobile policy, you may have your coverage voided if you use the car for business purposes. An example would be opening a pizza restaurant and using your private vehicle to deliver pizza 8-10 hours per day. If you get into an accident and only have basic liability insurance, you could be in for a legal battle, as your coverage might be invalidated. Let’s look at the basics of business auto insurance online and learn some valuable tips that could save you a lot of headaches. Apply now for your free quote at good to go car insurance on-line or over the phone. Just enter your zip code and start your quote.
Who Needs a Business Car Insurance Policy?
If you have a business, small or large and haul items, equipment, and do deliveries, you might be required to obtain a commercial car insurance policy. This will protect you in the event you get involved in an accident while conducting business activities. Here are some common guides that indicate you probably need to get commercial coverage.
* The automobile registration is in a business entities name
* The car is used as a Taxi
* You are involved in a ranching or farming business
* The vehicle is used in the delivery and pick-up of goods related to business operations
* The total weight of the vehicle exceeds 10,000 pounds
* Employees that are not on the policy routinely drive the automobile
* The vehicle is equipped with restaurant equipment, such as a hot dog or taco truck
* Business equipment is added on, such as a ladder rack and hydraulic devices
* The vehicle is used for home repair services, including plumbing, roofing, window washing and so forth
One new phenomenon that has created a lot of controversy in recent years is so-called ride-sharing services. This includes people using their private cars to work full or part-time as taxis. A big issue with these services is getting the proper insurance. Many drivers do not carry commercial business car insurance, and that can mean big problems in serious crashes. The NAIC or National Association of Insurance Commissioners has voiced concern about drivers not having nor maintaining the proper levels of insurance.
Gap in coverage can spell disaster in major incidents
This includes negligence of a ride-sharing driver that results in serious injury or death to some or all of the passengers. A normal policy would not be covered for the damages that would ensue in an event like this. If you are planning on being a driver for one of these transportation services, you need to get covered with as much coverage as you can afford and it might be smart to get a commercial policy to protect your personal assets.
Farmers and ranchers will most often need commercial vehicle insurance
They usually use heavy trucks routinely and haul livestock, equipment and produce. In addition, employees that work on the farm or ranch will also need to be covered. Remember always to tell the truth about your real business activity. Failing to do so could result in your policy being terminated, and you could even end up getting sued in court. If you have any doubt whether or not you should get covered commercially, contact a goodtogo representative and you will get friendly free advice.
Liability Limits for Commercial Car Insurance
As with personal insurance, commercial policies come with specific state limits. You need to make yourself aware of these limits in your state. Check with your state’s department of insurance to find out about the exact requirements you need by law. When you apply for business or commercial vehicle insurance, those limits will be higher than for personal policies. A standard amount is:
* Liability – Bodily Injury: $300,000 each person and $500,000 an accident
* Liability – Property Damage: $100,000 of protection for damages to another party’s property
You might want to consider getting an umbrella policy that will provide you with further protection above your policy liability limits.
Commercial Automobile Insurance Quotes
It is important you not only select the right type of coverage but get the best deal possible when shopping for business auto insurance online. Obtaining quotes for commercial policies is a bit more complex and will take more time. This includes the names, license numbers and birth dates for all drivers. Also, you will need to state the type of business you are in and estimated monthly mileage. At good to go insurance, you can compare 5 or more commercial quotes in less than 15 minutes. Get started on your free application and save hundreds on commercial auto insurance on-line.