Understanding the Benefits of Commercial Auto Insurance for Small Business Owners
Small Business Owners benefit greatly from obtaining commercial auto insurance. One might think commercial auto insurance is for heavy truck/tractors or those that haul for hire only. While those businesses definitely need commercial auto insurance, there are so many other businesses that should review their own exposure and insurance needs pertaining to their small business. commercial auto policies are available to small business owners with much higher liability limits than a personal auto policy. And it is worth noting that most personal auto policies exclude business use.
As a small business owner, protecting what you have worked so hard to achieve is a top priority. If your business owned vehicle is involved in an accident, you definitely want to protect your assets, liabilities and your reputation as a solid business organization.
Bodily injury, property damage and medical payments are coverages afforded a small business owner with vehicles being used in their business. Comprehensive and collision along with roadside assistance and downtime or rental coverages will round out the commercial auto policy for small business owners. No matter if you are a sole proprietor or corporation, a commercial auto policy is available to you and your business. Some business types are noted here:
- Food service with or without delivery
- Accounting offices
- Medical offices
- Insurance agencies
- Mercantile shops/ retail
- Heating/air contractors
- Funeral homes
- Specialty installation/repair
- Lawn services
- Pool cleaning and maintenance services
- Newspaper offices
- Technical services
Small business owners can protect their automobiles used in their business and have security in knowing that an accident is just that , “an accident”. It doesn’t have to be the end of your business.