Small Business Car Insurance – Do I Really Need Small Business Car Insurance Coverage?
Q: I own a small business and my wife and I both use our personal vehicles for business on occasion. Will I need business car insurance on these two vehicles, or is the personal car insurance sufficient?
A: This is more of a legal question than an insurance question as we would hesitate to give advice that could put your business in jeopardy. Instead we will offer the benefits to using business car insurance for anyone with a small business. For your specific question we recommend you consult with an attorney.
Most business owners are aware that they are allowed to purchase and use a vehicle for business use. Said vehicle then becomes a commercial vehicle and must be insured as such. The vehicle is then considered an extension of the business.
Private Versus Business Car Insurance – What Do I Need?
Things aren’t always black and white in this crazy world! Even the simplest things can get a little complex – and that includes your car insurance. What defines private or business use can get a little blurry, as most would know. It is actually rather unusual to have a car that is used purely for commuting to work, and never for work related tasks! Today we are looking at a few different scenarios that may match, or nearly match, yours, and whether private or business use applies to them. We’ll also look at why you should run a mile from car insurance companies that ask you nothing more than “Is this car ever used for business purposes?”! So, what if…
I’m a tradie and use my car to go from job to job