16 Mar Do You Need Florida Commercial Auto Insurance?
Do You Need Florida Commercial Auto Insurance?
According to the Insurance Information Institute, your business needs some of the same insurance coverages for its cars, trucks, vans or other vehicles as you do for your personal vehicles.
You’re covered under your personal auto policy if you sometimes use of your vehicle for business purposes. Your employees’ personal auto policies cover some business use of their vehicles, too. A personal auto policy is unlikely to provide coverage, though if the vehicle in question is used primarily in business. And it won’t provide coverage for any vehicle owned by a business.
In other words, the personal auto policy, whether yours or your employee’s, may not have enough coverage to protect your business.
“For example,” the Insurance Information Institute says, “imagine you are driving your car to a business meeting while having an intense conversation on your cell phone with one of your sales reps. By the time you notice a van ahead of you has stopped to make a left turn, it’s too late to avoid a collision. The driver and five passengers are injured in the accident. They sue you and your company.”
Your personal auto policy may not be enough to cover the damages. In that event, the injured parties would likely sue to collect damages from your business. That’s why the III says, “If you or your employees are driving personal vehicles on business and relying on your personal auto policies, be sure you and they have sufficient liability coverage to protect your business in the event of a serious auto accident.”
If you are a South Florida business owner and the state’s roadways are the life’s blood of your business, a commercial auto insurance policy will protect your vehicles, and let you focus on what you do best. Commercial Florida auto insurance quotes and policies can be tricky, though. The fine print often contains conditions that the insurance company may not have explained.
Some commercial auto insurance companies may not be as up front with you as you would like or may not take the time to understand your unique situation and craft a custom solution tailored to your needs. At B & B Insurance, we believe insurance needs are like fingerprints – different. That’s why our range of personal and business insurance products – from commercial insurance in West Palm Beach to the waterfront where customers know us a boat insurance agency – is tailored to your individual needs and preferences.