What You Need To Know About Home Based Business Auto Insurance
When purchasing home based business insurance, auto insurance
should not be overlooked, nor should you assume your personal
car insurance is sufficient as home based business auto
insurance. Even if it is, it's important to know how, when, and
to what extent it applies to your home business.
Depending on your business activities, a commercial home based
business auto insurance policy may be necessary, particularly if
you have employees. For the most part, both personal and
commercial car insurance are the same with regard to the main
types of coverage, but finding the cheapest car insurance rates
for either means pinning down your specific needs.
Personal Or Commercial Coverage?
For the home based business, home based business auto insurance
may not be necessary, and a personal auto insurance policy might
be sufficient. It is important, in that case, that the
policyholder inform his or her auto insurance company that the
personal auto is sometimes used in business, and, should the
vehicle be in an accident or be damaged, it is essential that
the claim state the vehicle was being used for business at that
time.
The auto insurance provider may require commercial auto
insurance, however, particularly if your home based business has
employees that use owned or leased company vehicles or personal
vehicles for business purposes.
Choose A Well Rated Vehicle To Keep Premiums Down
Car insurance for both commercial and personal vehicle use are
affected by the choice of vehicle. If used more for business
than for the family car, the owner of a home business should
choose an auto that carries one of the cheapest car rates
because, in the eyes of auto insurance companies, it is less
expensive to buy or repair, is stolen less often, or has more
standard safety and security equipment.
Listings of the cheapest car rates can be found at state
insurance agency websites.