Do I Need Business Auto Insurance?

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Most of us start our small business with our personal car, and we stick to our personal car insurance policy. I, myself, usually work from a home office so I do not need my car for business very much. But just this morning, I did not think anything of running an errand to purchase a new printer for my home office. Of course I used my personal car, but it really was a business trip.

Fast, Safe, and Free Automobile Insurance Quotes For Business or Personal Use

Now when I applied for my personal car insurance policy did I mention that I used my car for business or not? Honestly, I don’t remember, but I’ll bet that I didn’t. Am I taking a mild risk here? Possibly, but my insurance policy only excludes vehicles that are primarily used for business, and that is not the case with me. Still, I think I need to talk to my car insurance agent to make sure because I do not want to have to clear this up after I have an accident!

However, many small business owners use their cars for business much more than I do, and in much more risky ways. For instance, your personal insurance policy probably does not cover your employee’s car if you ask them to run out and buy that printer for your business. Do you expect them to make a claim on their own personal insurance if they have an accident while they are working for you?

Furthermore, many business owners lend their own personal cars to their employees to run business errands. Is that covered under your policy? If you are not sure, it is time to talk to a qualified car insurance agent about commercial car insurance for small business! It is certainly better to have good auto insurance coverage before you have an accident!

Also remember that your commercial car insurance should be a business tax deduction, so you should balance the after-tax cost of your policy. You are probably NOT taking the cost of your personal car insurance off of your business taxes, of if you are, it is proably a very complex process!

If you think your business automobile policy costs too much, why not compare car insurance rates with our fast, safe, and free online quote form? You can find affordable small business automobile insurance fast!

We also found some great tips: How To Buy Small Business Insurance

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This entry was posted on Friday, January 18th, 2008 at 3:50 am and is filed under Commercial Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.