If you have a business, you may use your own or company-owned vehicles for work purposes. Will your existing comercial insurance cover you if you’re in an accident?
The professionals at Creative Risk Management LLC, serving New Jersey, explain.
What Is Commercial Insurance?
Commercial insurance protects businesses from covered events. Commercial insurance can provide financial protection if a covered event damages your business’ equipment, property, and more.
Every business needs some form of commercial insurance. The specific types of policies you need depend on multiple factors, including your use of vehicles for work purposes.
Will Commercial Insurance Cover Your Business Vehicle?
If you use any vehicles for work purposes. you need commercial auto insurance. Even if you or your employees use personal vehicles for work, you’ll need a specific policy to cover commercial use. Personal auto insurance won’t apply if one of these vehicles is in an accident.
For vehicles you or your employees own, you’ll need hired and nonowned auto insurance. For vehicles your company owns, you’ll need a commercial auto policy.
Creative Risk Management LLC Will Help You Find the Right Policy for Your Situation
As an independent insurance agency, we work with many insurance carriers to find you the best fit for your situation. Contact one of our agents to get started on a quote. We’re currently serving New Jersey.
