Is commercial auto insurance necessary for self-employed company car?

Is commercial auto insurance necessary for self-employed company car?

Auto insurance company claims I need a different policy even though I would still be the only driver for the vehicle. The cost would be 50%+ than the normal price.

UCANTCME

THAT IS SOMETHING THAT YOU NEED TO SIT DOWN AND DISCUSS WITH THE INSURANCE COMPANY.YES COMMERCIAL INSURANCE IS MORE EXPENSIVE BECAUSE YOU ARE CONSIDERED TO BE ON THE ROAD MORE AND DRIVING ALL OVER TOWN AND YOU ARE A BUSINESS.TALK WITH SEVERAL COMPANIES AND SEE IF THERE IS A WAY THAT THEY CAN WORK AROUND THIS BUT AT THE SAME TIME DO NOT CUT CORNERS BECAUSE IT WILL COST YOU BIG TIME IF YOU ARE INVOLVED IN AN ACCIDENT.Source(s):923

lucy

heres the problem-most polices exclude coverage if it is used in the course of your business- does not matter if you are the only driver, they do this since you are on the road more and more likely to be exposed to an accident, at fault or not at fault-that is the reason you need to inform your insurance company and add this endorsement which might be 50% more than you usually pay-you might want to check around and see if an commercial policy might be less with more coverage-you dont want to find out your insurance company denies a claims after it happens when they find out you were in the course of your business-usually one of the 1st questions asked after an accident by an adjuster, what was the reason, or where were you going? that is how we find out about business use on a personal auto-i have denied claims for a "kid" who was driving his personal auto and delivering pizza, so get my drift?dont take the chance-good luckSource(s):auto adjuster

goldwing

Well see this is how it works. Since you are the only person to drive the car, if you were to hurt anyone with out the insurance thy can sue then the company.I having a company ( my company) truck to make house calls hav it just incase it happons.The person injured can sue the insurance company and you and your company to. Take my advice get it.Source(s):Dons Auto Service

adrianamedina25

YES! Even though you are self-employed, your car is used for business purposes and if you should get into an accident during "working hours", they will deny the claim!Better be safe than sorry, get commercial auto insurance. If you're in California, email me, I can get you a quote.amedina@mcsins.comSource(s):Insurance Agent

ktlove

first, what is your business? are you a tow truck? are you a traveling sales man? a real estate agent? a courier?I can keep guessing, but basicly, if you are using your vehicle for your business than more than likely yes, you need a commercial auto policy, if you have a sign on the car, deffinatly yes, if its a super duty truck, yes, and if the car is titled in the name of your business then, yes.If your a handyman, and you drive a 97 ford f150 from point a to point b, and the truck is registered in your personal name, you wont need it.**but you should have increased limits of liability, you get into an at fault accident, the lawyers will clean you out.

Ask

insurance

Popular Q&A

Should I shop around for auto insurance and risk loosing my "been with them long enough to forgive an accident
Considering it only takes 5 minutes of your time, I'd say shop around and go for the best deal you get, because when it comes to the crunch you have the same rights by law, regardless of who you are with. However you should Check with your state's insurance department to see if who you choose...

What to do when switching car insurance?
You shouldn't lie about anything because the motor vehicle records are scanned and they will see everything anyway.Add: if you went to traffic school to reduce a ticket, that won't be on your record. As long as you satisfied the requirements of the court that is. Insurance agents don't "want"...

How to open a used auto dealership?
I had a used car dealership in New Jersey, USA. I will answer your question based on my experience. You will have to research Canada laws and licensing. First you need a properly zoned facility. Then you need a dealer's license. Insurance. Tax ID number. Notary license or access to a Notary...

Can I drive my friends car without insurance in the province of ontario, canada?
If you are pulled over and your friend is in the car, you will be asked for proof of insurance. As long as it is there you are fine on this point. However, if you have an accident in the car, it will count against your friend (and her parents) insurance. This is what's know as a "lending loss"...

Will florida suspend my liscense if I cancel my sr22 insurance that ohio requires me to carry?
If Florida has not specifically required you to carry SR22 insurance, then they should not cancel your license.That being said, you had better be 100% sure that you did not sign something saying you were going to continue to carry it. It has been a while since I have been on MyFlorida.com...