Who Purchases Business Auto Insurance?
If you use any type of vehicle to assist in your day-to-day business operations, you need to purchase business auto insurance. Coverage with a business auto insurance policy can help protect your assets if one of your vehicles is involved in an accident.
Like general auto insurance, your local state will determine the laws for the type of business auto insurance you need to purchase. By not obeying local laws, you risk not only being charged fines by the governing authorities but will also be subject to lawsuits. If your business requires that your employees are on the road operating a vehicle owned by your business, you will need to purchase business auto insurance. Most states require business auto insurance.
Purchasing business auto insurance is usually the safe route to follow. If your business vehicle is involved in an accident, your business insurance policy can aid in providing coverage for injury, loss or damage. Business auto insurance is usually sold as a commercial package. Although typical policies may include multi-vehicle coverage, it is important to speak to a specialist about your particular situation to determine what level of coverage is appropriate to your business needs.