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If, like many Americans, your family car is also used for
purposes that could be considered commercial use, you may want to
steer yourself into a chair and look over your insurance policy.
Youl need to consider buying a commercial policy or making sure
that your existing personal auto policy covers the vehicle for business
use. Whether or not you need a commercial policy depends on how you
use your vehicle and what company you have it insured with. Every
company has different guidelines and may surcharge for business-use
coverage on a personal auto policy.
If you are not sure whether business use is covered on your personal
policy, it's important to call your insurance company or agent. The
Progressive Group of Insurance Companies has put together these four
questions you may want to ask:
How do companies determine commercial use? One
definition could include engaging in transporting goods for compensation
or a fee, which includes pizza or newspaper delivery, catering,
door-to-door consulting services, landscaping or snowplowing services,
logging business, day care/church van services or farm-to-market
delivery. People who do these kinds of work should consider purchasing
a commercial vehicle policy.
Do you need more liability coverage than a personal
auto policy provides? Generally, a commercial auto policy
offers higher limits of liability, but less or no coverage in
areas that are typically not associated with commercial auto
risks.
Do you need special coverage for situations encountered
while conducting business? Commercial auto policies
usually offer these coverages, and they're normally not available
with personal auto policies. These include hired and nonowned
auto coverage and coverage for towing a trailer for business
use.
Do you need to list any employees as drivers? Commercial
auto policies allow you to list anyone that you employ. You don’t
have that option with a personal auto policy. In general, you'll
need commercial auto coverage if the vehicle you use is owned by
a corporate partnership or driven by employees, or if it's used
to haul tools or equipment weighing more than 500 pounds, make
deliveries or heavy enough to require state or federal filings.
For more information about commercial auto insurance, visit progressiveagent.com
Did You Know?
If, like many Americans, your family car is also used for purposes
that could be considered commercial use, you may want to steer yourself
into a chair and look over your insurance policy. For more information
about commercial auto insurance, visit www.e-gia.com.
Group Insurance Analysts, Inc, and GIA Risk Management, LLC offer the following types of insurance - Health, Life, Auto, Home, Dental, Medicare, Business, Workers Comp, Pet, Disability, Liability and Property, through insurance companies like Progressive Insurance, Safeco, Travelers, Hartford, Anthem, Aetna, Delta Dental, Cigna, Kaiser, Humana, RMHP, UHC, Kaiser Permenente,Blue Cross & Blue Shield of Colorado, Pacific Specialty, United Fire, Pinnacol and many more.
We provide clients insurance needs in Arvada, Denver, Wheat Ridge, Lakewood, Golden, Boulder, Broomfield, Westminster, Brighton, Aurora, Littleton, Englewood, Parker, Northglenn, Thornton, Longmont, Louisville, Lafayette, Superior, Evergreen, Morrison and throughout Colorado.
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