If part of your business operations includes driving vehicles, you might have wondered about commercial auto insurance. If you haven’t already thought about it, well, you should now. Sure, you have personal auto insurance, but will that policy cover a business-related liability? More often that not, it won’t.

It doesn’t matter what type of business you have – sole proprietorship, partnership, or corporation – if you use a vehicle as part of your operations, you should at least explore the possibility of insuring your business vehicle.

Decisions to Make

Before you start calling insurance carriers, you should first make some decisions about how your business vehicles are going to be used.

The primary questions you’ll be asked by insurance carriers are:

• How many vehicles do you have in your fleet?
• What will the vehicles be used for?
• How many drivers will you have and who are they?

Answering these questions will help you and potential carriers determine if you truly need commercial auto insurance. If you already have auto insurance on your personal vehicles, you might ask your carrier if this policy will suffice. (more…)