Do you sometimes use a personal vehicle for commercial purposes? If so, you may need to buy a commercial auto insurance policy to avoid being denied compensation if you’re involved in an accident.
When Does a Personal Vehicle Need Commercial Auto Insurance?
Raleigh, NC residents will need commercial auto insurance if a personal vehicle is used for the following purposes:
- Business deliveries– If you work for DoorDash, Uber, Lyft, or similar companies, you’ll need commercial auto insurance.
- Travel to and from markets- Do you sell goods at a local market? If so, you may need commercial insurance. This depends on the type of items you transport. Talk to a knowledgeable insurance agency such as Craig Insurance Group for expert advice.
- Travel to meet with clients- Do you regularly travel to meet clients or business partners or to close sales? You’ll need commercial insurance if you use your vehicle for this purpose.
- Employee Travel- Your vehicle will need commercial insurance if you want coverage for employees who are using the vehicle for business-related work.
What is and isn’t Covered by Commercial Auto Insurance?
A basic commercial auto insurance policy covers bodily injury, property damage, collisions, and medical payments. It also includes liability coverage and uninsured motorist coverage. However, it doesn’t cover the theft of the vehicle. It also won’t cover theft, damage, or loss of valuable business assets stored in or transported by the vehicle.
Get Insurance Assistance from Craig Insurance Group Today
We take pride in helping Raleigh, NC, entrepreneurs find the right insurance policies for their businesses. Contact us to learn more about commercial auto insurance options or to get a quote on your chosen policy.
