When you use your car for commercial purposes, like making deliveries for your small home based business or traveling to associates, then you have to have to buy commercial car insurance for your automobile. Personal car insurance policies may deny insurance coverage if the car is used for commercial purposes, because they typically cover only the regular day-to-day use of the car (i.e. traveling both to and from work and travels for vacation reasons). This exposes the small-business owner to serious monetary losses if the car is in an automobile accident.
Commercial car insurance, like standard car insurance, insures the repair or replacement of a vehicle damaged in an accident and shoulders the expense of any claims for injuries or property damage filed by third parties. You will find 3 types of coverage available: private and sporadic company use, which insures the intermittent use of the car for commercial reasons as long as the car isn’t registered for business purposes and doesn’t represent an important component of the business income; private and business use, that covers traditional use of the car for commercial purposes by the regular driver or any named driver; and commercial insurance coverage, which provides insurance coverage where the named driver uses their personal car as part of their work. You’ve got to apply for the particular kind of cover that you need. If the employees also utilize their private vehicles in their work, it’s also wise to get “non-owned auto” policies; this provides coverage when a business uses a car that isn’t in their name, such as the business owner’s private vehicle.
The best method to get commercial vechile insurance rates is from the insurer’s official site. Make sure to prepare all the necessary information, like the license number of each named driver and their driving record, car identification number and make and model of each automobile to be covered. Make sure to obtain quotes from a minimum of three insurance providers to be able to examine premiums and other features and ensure you get the very best value for your money.
There are several ways you can save money on your commercial car insurance. If your regular insurer carries this type of insurance, you might be able to get a discount by taking out a number of types of insurance from him, i.e. by buying homeowner’s insurance and a commercial car policy. Some insurers may also let you to include commercial coverage to your standard vehicle insurance as a rider when you need it.
You may get special discounts on your insurance coverage by means of the usual methods, like making sure that the cars have safety features for instance automatic seat belts as well as anti-theft systems such as car alarms and locking devices for the steering wheel and at all times parking the automobile in well-guarded parking lots and other risk-free places. If you are still in the process of getting a car, then you ought to consider buying a make and model of automobile which will not be charged high premiums by insurance providers. You might investigate this by requesting a commercial car insurance quote using the model of car you are going to buy.