I’ve been reading up on commercial auto insurance and realized how important it is to get the right coverage for my business. The article said if you’re using a vehicle for business, personal auto insurance won’t cut it. I’m still trying to figure out what kind of coverage I need. Any advice from folks who’ve been through this?
Yeah, you definitely need a commercial policy if you’re using your car for work. Personal insurance usually won’t cover accidents that happen during business use. I’d recommend talking to an agent to figure out exactly what you need.
@Indra
I second that. I had to get commercial coverage for my delivery vans. It’s a bit more expensive, but it’s worth it for the peace of mind. Plus, it covers things like liability and damage that personal policies don’t.
@Briar
Totally agree. I run a landscaping business and use several trucks. Having commercial auto insurance also helped me when one of my employees got into an accident. The insurance covered the damage and we didn’t lose any money.
I found that comparing quotes from different companies helped me get the best deal. Some insurers offer bundle discounts if you get general liability or workers’ comp with your auto policy.
Nico said:
I found that comparing quotes from different companies helped me get the best deal. Some insurers offer bundle discounts if you get general liability or workers’ comp with your auto policy.
Good point! I managed to save quite a bit by bundling my policies. Plus, a good driving record can help lower your premiums too. Make sure your employees are following safety protocols.
@Noor
Same here. Bundling was a huge money-saver for my contracting business. And yeah, making sure your employees have clean driving records is crucial.
One thing to keep in mind is that the state you’re in can affect what kind of coverage you need. For example, some states have higher liability requirements or may require additional coverage like uninsured motorist protection.
@Bevin
Good call. I’m in a state where you need a pretty high liability limit. I also added an umbrella policy since my assets are worth more than the standard $1 million liability cap.
Scout said:
@Bevin
Good call. I’m in a state where you need a pretty high liability limit. I also added an umbrella policy since my assets are worth more than the standard $1 million liability cap.
That’s smart. With the rise in lawsuit payouts, having extra coverage makes sense. I read that there’s been a big increase in million-dollar verdicts lately.
Make sure you get comprehensive and collision coverage if your vehicles are leased or financed. These cover non-collision damage like theft or vandalism, and collision will cover accidents even if you’re at fault.
@Shan
Yup, definitely. I had a company van that got broken into, and thankfully my comprehensive coverage took care of the repairs. Saved me a lot of hassle.
Blaine said:
@Shan
Yup, definitely. I had a company van that got broken into, and thankfully my comprehensive coverage took care of the repairs. Saved me a lot of hassle.
It’s a must for sure. My business had a truck get hit by a falling tree during a storm, and without comprehensive, I would’ve been out thousands of dollars.
One last thing—if your employees use their own vehicles for business, you might want to look into non-owned auto insurance. It’ll cover any damage they cause while driving their personal cars for work purposes.
@Jamie
Yeah, non-owned auto coverage is a must for businesses like mine that sometimes need employees to use their personal cars for deliveries. It adds a layer of protection you wouldn’t get otherwise.
@Keller
Exactly! You never know when an accident could happen. Better to be safe than sorry.