It’s no secret that most small business owners do NOT have separate insurance policies for their automobile usage. Many business owners simply conflate their personal insurance with their business insurance without even realizing the risks they are actually taking. Simply put: by not obtaining auto insurance specific for your business, you may be in for a big surprise after your first accident.
Part of the problem in the small business world is a matter of size and complexity. This is especially true if you are a solo entrepreneur and you spend most of your time working out of your home or a small office. When you use your car to drive to the grocery store, you are in the personal usage zone of insurance concerns. However, as soon as you turn the key in the ignition and begin driving to a sales presentation or to a work site, you are now entering the commercial or business insurance zone.
It is entirely possible that you may not actually need separate insurance policies for your auto or vehicle usage. Still, it is not clear what position you are really in until you perform the proper research. Fortunately, these days you can perform a wide variety of business insurance and personal insurance online.
You may also be a business owner with many different vehicle types and very regular usage. Do you use SUVs, trucks, cars, and a variety of other vehicles in your business? Do you require your employees to use these autos in your daily operations? If so, you are a strong candidate for small business automobile insurance. If you do not already have this type of insurance it is IMPERATIVE that you get it as soon as possible.
Most business managers are savvy enough to understand the importance of insuring their company transport system. You are probably one of them. Still, did you get the best rate on the policy? Are you paying unnecessary fees? And, perhaps most importantly, do you have the right type of coverage for your business system? These are the questions you are probably already asking.