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Like many small business owners, you may use your personal vehicle for business purposes. You may deliver products to customers throughout the city or transport clients to or from your business on a regular basis. Any vehicle used for business purposes should be covered by commercial insurance.
Commercial auto insurance from Mid Atlantic Insurance Financial in Laurel, MD will protect your business assets against serious accidents on the job. Here are a few good reasons to acquire a commercial auto insurance policy for your car.
Comprehensive Coverage
Commercial insurance not only protects you, employee drivers and passengers but covers the cost of property damage to your vehicle, products and equipment due to an accident or natural disaster when on the job. Commercial coverage can also be extended to autos or trucks you rent or borrow for your business to fully protect you against injuries or loss.
Greater Liability Limits
If your vehicle is used extensively for work purposes, you are at greater risk of having an accident on the road. Commercial auto insurance provides you with higher liability limits to protect your assets in the event of a serious accident. Whether you transport goods, equipment or passengers, you can have greater confidence that your insurance is giving you the protection you need.
Claim Rejection
Personal auto insurance protects consumers who use their vehicle for personal use. In contrast, commercial insurance is designed to protect the interests of businesses that use vehicles for work purposes.
If you only have personal insurance on a vehicle used for work purposes, your insurer could reject an accident claim due to you violating the terms of your personal insurance policy. This could leave you liable for paying for injuries or damages out of pocket.
For more information on commercial auto coverage and costs, contact us at Mid Atlantic Insurance Financial, Laurel, MD.