When you are self-employed or own a small business, choosing which type of automobile insurance to purchase can be tricky. Unfortunately, many people make the mistake of assuming their personal policy protects them when driving for business purposes. They don’t learn the truth until their insurance carrier denies their accident claim. You need a commercial car insurance policy if any of the following situations apply:
- You use your vehicle to deliver or pick up items such as pizza, newspapers, or car parts.
- You use your vehicle to provide taxi or limousine service to others.
- One or more of your cars are registered to a corporation, partnership, business, or titled under a Doing Business As (DBA).
- You rent or lease a car to other people or businesses.
- You own a utility vehicle, pickup, or van that weighs more than 10,000 pounds or can tow up to 2,000 pounds.
- Employees or people who are not listed as drivers on your personal insurance policy regularly drive at least one of your cars.
- Your vehicle is equipped with ladder racks, a permanent toolbox, snowplowing equipment, hydraulic lifts, altered suspensions, cooking or catering equipment, restrooms, or racing equipment.
Personal and Commercial Insurance Policies Are Rated Differently
Insurance carriers use different criteria when it comes to determining rates for individual and business policies. That is why it’s so important to apply for the right type of coverage. While personal policies reflect the driving experience of private citizens, commercial policies must account for things like trailer interchange insurance and protection for employees who drive cars not owned by their employer.
You Don’t Have to Figure it Out on Your Own
As a long-time insurance agent for Oyer, Macoviak and Associates, I understand insurance regulations and how to choose the best policy for my clients. Because my company works with several insurance networks, you are assured of receiving the best possible deal. I invite you to contact us if you are uncertain on the type of auto insurance policy you need.
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
