If you utilize your personal vehicle to run errands for your small business, you may be wondering whether this is alright or if you need to purchase a commercial auto insurance policy. Ideally, the best way to determine what you need is to consult with one of our agents at Maanen Insurance Group. However, here is some basic information for Greeley, CO small business owners.
When Do You Need Commercial Auto Insurance?
Your standard auto insurance coverage will only apply when you are using your vehicle for personal use and not any kind of business-related tasks. In the event, something occurs while you are using your vehicle for business purposes, you will be solely responsible for any damage, expenses, etc.
It is important to understand that this is true even if you only drive your vehicle for business purposes every now and then. A commercial auto insurance policy is necessary. Otherwise, you will face the financial burden of any property repairs, medical bills, and the like. These expenses can add up rather quickly.
In some instances, you may not need an entirely new policy. Instead, you may be able to add an endorsement to your personal auto insurance policy.
In either case, commercial auto coverage will offer more coverage than a personal auto insurance policy.
Contact Our Team to Schedule a Consultation
When you aren’t entirely sure whether you are in need of commercial auto insurance, get in touch with our insurance team at Maanen Insurance Group. We can sit down with you, discuss your individual situation, and get you set up with a commercial auto insurance policy (if needed) in Greeley, CO.