All Insurance Is Not Created Equal

If you have recently started your own business, there may be one crucial aspect you are overlooking. Many new business owners fail to recognize the need for commercial insurance on their company vehicles and continue to carry just their existing personal policy. Not understanding the difference between commercial insurance vs personal coverage can be a costly mistake. If you are in an accident without the proper coverage, your business could be financially liable for all damages you are your driver causes. Most personal car insurance policies do not cover business use of a vehicle. It is usually a good idea to make obtaining the proper vehicle insurance for your situation a top priority.

Personal car insurance is similar in many ways to commercial policies in many ways, but there are a few key differences. Getting to the bottom of all the factors that differentiate commercial insurance vs personal policies typically requires talking with an agent about your individual driving record, habits and nature of your business. If you want to insure employees, the task of finding the right insurance can become even more complex. By making it a priority to learn as much as you can about the different types of insurance and how it is priced, you will possibly save yourself some unnecessary stress over the loss of your business