Determine if your business would benefit from commercial auto coverage.
Whether your business is a florist, pizza delivery, party rental, taxi service, or an Ice Road Trucker, if you use a vehicle for your business, you need commercial auto insurance. Sure, you may be a bakery that only sometimes delivers cakes, but that still means you’ll need a policy.
It’s Sod’s Law – you think you’ll be fine without insurance but when you get into an accident while on the way to deliver a cake to a wedding, not only will the Happy Couple be not-so-happy, but you’ll be faced with paying expenses on your own. As your auto insurance will classify that trip as a business service, damages and repairs will be excluded from your personal auto insurance coverage.
You may need a commercial policy if:
- You are using your vehicle to transport goods or people for free
- You use your vehicle to conduct a service
- You need higher limits of liability because of the nature of your work
- You haul a considerable weight in tools or equipment or towing a trailer use to conduct your business
- Employees operate the vehicle or if ownership is in the name of a corporation or partnership
Commercial auto insurance can cover a variety of incidents, such as:
- Employees – including fellow employee coverage and broadened blanket policies that protect additional employees or people for whom your business is doing work.
- Equipment – including loading and unloading goods.
- Business – which protects your assets in the event of a lawsuit.
Additionally, you must meet Connecticut’s liability requirements which will include bodily and property damage coverage! This aids your business, vehicle, and employees in staying safe on the roads while conducting business.