McClain Matthews Insurance Blog |
The difference between a personal and a commercial vehicle may not be clear to you if you own a small business. Sometimes, the purposes of using a personal and commercial vehicle overlap. Below are the noticeable differences between commercial and personal auto insurance: Commercial Auto Insurance Covers Vehicles Businesses Own
This insurance likewise covers higher claims, various kinds of vehicles, and more difficult law issues. Examples of different kinds of vehicles this insurance covers are vehicles used to deliver goods and equipment, drive clients and employees, and execute customer services. Commercial auto insurance covers other associated fees: passenger fees for riding vehicles, delivery personnel's transportation fees, heavy loads of business equipment, and towing of business trailers. Additionally, Commercial auto insurance may protect businesses' employees as additional insured people. This situation means any licensed driver working in your company can drive your business' vehicles. The employees' driving records, coverage limits, and deductibles all affect your business's amount of commercial auto insurance coverage. Commercial Auto Insurance Covers Certain Accidents of Personal Nature The downside of having commercial auto insurance protection is that it covers company vehicular accidents even if the employees use the vehicles for personal reasons. On your end, as a business owner, this coverage may entail unnecessary outgoing expenses for your company. Personal Auto Insurance Has One Sole Coverage Category The only protection category, personal auto insurance, covers the accident while using your vehicle for personal use. Most personal auto insurance policies cover the vehicle's owner and one or two immediate family members. Sometimes, though, personal auto insurance covers business-natured accidents. Your insurance provider should be able to inform you of the protection that is and isn't covered. Commercial Auto is More Expensive Since commercial auto insurance covers more dependents, it's generally more expensive than personal auto insurance. What's more, commercial auto insurance provides more coverage benefits. So consequently, commercial auto insurance tends to have higher limits. Conclusion Commercial auto insurance can cover many drivers, vehicles, and employees with bad driving records. Drivers come from different backgrounds and genders, have different personalities and preferences, and possess various levels of skills in driving. So, some people may find personal auto insurance to offer simpler features. At McClain Matthews Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (317) 298-7500. You can also request a free quote by CLICKING HERE. Any coverage discussed is not guaranteed. Please contact us today to go over your policy to ensure your needs are met! We are here and happy to help.
0 Comments
Leave a Reply. |
Contact Us(317) 298-7500 Archives
March 2023
Categories
All
|
Navigation |
Connect With UsShare This Page |
Contact UsMcClain Matthews Insurance
6329 Hollister Drive Indianapolis, IN 46224 (317) 298-7500 Click Here to Email Us |
Location |
Website by InsuranceSplash