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Bill West - Wm B West Insurance Agency, Inc.
Illinois & Wisconsin (224) 538-2006
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BUSINESS INSURANCE: Do
I need a commercial auto insurance policy?
1All insurance questions and answers
are provided by the Insurance Information Institute www.iii.org
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 Call
Bill West, Illinois & Wisconsin insurance agent, to answer all
of your insurance policy questions.
(224) 538-2006 - Gurnee, IL
Contact
Bill West - Wm. B. Insurance Agency, Inc. |
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Additional Coverages
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- Can
I insure the life of a key employee?
- Do
I need professional liability insurance?
- Do
I need a commercial auto insurance policy?
As a businessowner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.
Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.
While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.
If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.
- What
is employment practices liability insurance (EPLI)?
- What
does kidnap and ransom insurance cover?
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| The information on these pages is intended to
be accurate at the time posted. It is for general informational purposes
only. Because of the nature of this information, it may not be applicable
in your area or current at the time you read it. Please see your agent
or review the policy contract for detailed information you can rely
on. The information on this site may change without prior notice. |
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