Commercial Automobile Insurance
Why You Need Commercial Auto Insurance
You wouldn't dream of driving your personal automobile without insurance. It's just as important to protect your company vehicles. Even if you have personal auto insurance, you still need commercial auto insurance. That's because vehicles involved in an accident while engaged in company business may not be covered by your personal insurance. To make matters worse, you could be charged with misrepresentation if you've placed a vehicle you use for commercial purposes under your personal auto policy.
What Commercial Automobile Insurance Covers
There are a variety of coverages for your commercial autos, and your agent or broker can help you choose the right one. The discussion should include business-use autos, pickups, vans, trucks and non-owned and rented vehicles. You may also want to include a conversation about "non-owned" vehicles-when employees use their own vehicles to run errands; and rented vehicles-when an employee travels and needs to rent a car.
This is just a general list and is not all inclusive of the types of
bonds/insurance PJT provides.