Does Your Company Need Business Auto Insurance?

Does Your Company Need Business Auto InsuranceMany businesses are going mobile and taking their services outside of the office. Whether you run your business from your vehicle like a food truck or shipping company, drive a company car, or use your personal vehicle to get to and from business meetings, you want to make sure you have the correct Champaign Business Auto Insurance coverage.

In order to make sure you have the appropriate coverage you need to assess how the vehicle is being used for your business. Some of the following are reasons to get Business Auto Insurance:

-If your vehicle is being used for pick up or delivery of any materials or product.

-If your vehicle is owned or leased by a business or corporation

-If the vehicle has equipment installed for business use including: toolboxes, hydraulic lifts, bathrooms, or catering equipment.

-If the vehicle is used by employees or other non-listed drivers on a regular basis.

It is generally recommended that a business have coverage that provides protection for all automobiles used for the business including business owned vehicles as well as non-owned vehicles that may be rented or leased.

One of the most important things to realize is that your business insurance covers your business but does not provide coverage for any vehicles used for your business, requiring a separate auto insurance policy. Your personal auto insurance, while great for your everyday driving, may not cover business vehicle usage, so it is important to make sure that you find out what type of coverage you should get for your business vehicle. Coverage offered under business auto insurance that is not found under your personal auto insurance includes:

Any Auto Liability– this covers any vehicle you currently have for your business and extends to any new vehicles and well as non-owned vehicles used for business purposes.

Trailer Interchange Insurance– this covers any trailers you may need to haul for your business

Single-Deductible Options– This allows you to pay only one deductible for claims on both the vehicle and trailer in the event of an incident.

Each vehicle used for your business may be entitled to its own level of coverage depending on its specific use allowing a vehicle that is used on a regular basis to have a different policy than a vehicle that is rarely used.

At Myers Insurance Group we know that it can be difficult to determine if you need business auto insurance for your vehicle. Call us today to find out how we can help you get the coverage you need. 855.534.5707

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