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Discussing The Difference Between Personal and Commercial Auto Insurance

Oct 15, 2019

Uncategorized

Discussing The Difference Between Personal and Commercial Auto Insurance

Personal car insurance versus commercial auto policies.

If your business requires the use of company vehicles or requires your employees to use their personal cars for business purposes, then you are opening yourself up to a considerable amount of risk.  The best way to mitigate this risk is by securing commercial auto insurance.  But do you really need this commercial insurance in Los Angeles, California?  Here's what you need to know.
  • Why Personal Auto Insurance Won't Cut It
If your employees use their own cars for business, then you may assume that their insurance will offer them coverage in the event of an accident.  Unfortunately, this isn't the case.  This is because personal auto policies specifically exclude coverage for the accidents and damages incurred while the vehicle is being used for business purposes.  So, the only way to protect your staff's vehicles is with commercial auto insurance.
  • Why Commercial Auto Insurance is Different
In actuality, personal and commercial auto insurance is not that different.  In fact, both types of insurance essentially offer the same types of coverage.  For instance, personal and commercial auto policies both offer collision, comprehensive, and liability coverage.  The main difference between these two forms of insurance is the amount of liability coverage each offers.  Because businesses have more assets and face a higher risk for liability lawsuits, commercial auto insurance policies have much higher liability coverage limits than personal policies.  Additionally, commercial policies are also equipped to cover a wider array of vehicles, such as delivery vans, shipping trucks, as well as standard cars. Please keep in mind that commercial auto policies are more expensive than personal ones.  This is because commercial auto policies offer higher liability coverage limits than personal policies.  Additionally, this higher cost is also due to the fact that commercial auto policies usually cover more cars and drivers than personal ones. This is what you need to know about commercial auto insurance.  Do you need help securing the right commercial insurance in Los Angeles, California?  If so, then contact the experts at Fuller Insurance Agency in Southern California.  We are ready to assist you with all your business insurance needs today.
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