You might not be aware that there are different types of car insurance. If not, you may not then know about business car insurance. However, it could be incredibly important to understand if you are a commuter. Here are some facts that are not true about business car insurance – and some that are.
Myth 1: Business car insurance means you get a company car
The Truth: Unfortunately, business car insurance does not mean you get an extra car! It is your own car that may need to be covered by this insurance. You might need business car insurance if you regularly drive your car for the purposes of your work. Business car insurance will give you extra protection if anything happens specifically in the line of duty. And just like how you would have to choose the right agents selling life insurance, it becomes important that you also choose the right insurance for your business vehicle.
Myth 2: It only covers you for business trips
The Truth: Business car insurance would not just protect you while travelling for a one-night work conference. You would be covered for any work-related travel, whether the journey spans a week or five minutes. Driving to meet clients or transporting colleagues could mean that you are going against the terms of your policy; even visiting the post office on an errand for your manager could risk you invalidating your insurance if you don’t have business car insurance. Business car insurance may seem superfluous, but it could mean all the difference should anything happen.
Myth 3: If your employee gets in an accident, it’s automatically covered by insurance
The Truth: Commercial auto insurance can often cover accidents involving employees while on company business. However, there are crucial exceptions to consider. Accidents resulting from drug or alcohol impairment might not be covered, as this behavior is viewed as high-risk and in violation of insurance policy terms. To avoid potential complications, businesses must establish and communicate clear drug and alcohol policies, alongside conducting routine testing. They can further facilitate this process by equipping their trusted employees with training on DOT drug testing regulations (or any relevant regulations), ensuring smooth and regular testing procedures.
Insurance is confusing, and you’re entirely lost and alone
Myth 4:
The Truth: This is untrue to its core. You can learn about business insurance policies from online resources. Additionally, you can evaluate different insurance providers and the coverage options they provide. For instance, you can compare providers of business car insurance, delve into their specifics, and make an informed decision. Say that you have been eyeing the policies offered by NEXT Insurance and Biberk. In that case, you can check out NEXT Insurance and biberk insurance reviews on their respective sites, go through their “About” page, and decide for yourself.
Myth 5:
Surely it’s the same as personal car insurance?
The Truth: Business car insurance and standard car insurance go hand-in-hand but are assuredly two separate policies. Car insurance will cover you as you drive from home or school, on trips or into town, and to work itself. Any reason to use your car once you’re on the clock could be outside of your car insurance policy’s reach, and then business car insurance may be necessary in order to ensure you are not driving uninsured. Progressive Commercial comments that certain personal policies may grant enough auto insurance coverage to satisfy some businesses, but that is not a guarantee. It’s also imperative to consider any violations you have – such as an SR22. Having an sr22 could mean that many businesses will refuse to provide you with a car insurance policy. Check the sr22 price in advance of taking out a policy.
