Business Vehicle Insurance For Contractors

Business Vehicle Insurance

comvanYour personal auto policy probably provides coverage for some business use of your truck or other vehicle. A personal auto policy is unlikely to provide coverage, however, if the vehicle in question is used primarily in business. It will not provide coverage for any vehicle owned by a business. For those vehicles you must have a business auto policy.

Should you be driving your personal truck for a business purpose and get into an accident for which you are liable, an injured person could sue you personally. Will your personal auto policy have enough coverage to pay all the damages? If not, a lawsuit may be filed against your business. If you use personal vehicles for business, you want to be sure you have high enough limits to protect your business. You should discuss this with your insurance agent.

The above is an excerpt taken from the article, “Construction Contractors” For more information please visit www.iii.org.

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