Many business owners believe their personal car insurance policy covers them for work uses. But when it comes time to file a claim, you might be left with large out of pocket expenses.
A personal auto policy is designed to cover individuals, not business entities, and often exclude many business-related risks. After all, businesses have many concerns private individuals don't share, such as increased liability risks.
The differences between commercial and personal auto insurance are many, but the main distinctions lie in extent and purpose of coverage. Besides having higher liability limits, commercial auto insurance may also include coverages like:
Determining if you're a good fit for commercial auto insurance can be a complex decision. Marsh can help you decide what auto insurance coverages you need.
Who needs commercial auto insurance?
If you can answer "yes" to any of the following questions, you may need commercial auto insurance: