Business auto or commercial auto insurance policies help protect your businesses and your employees. Many different businesses have a need for business auto insurance. Examples are: contractors, tow truck companies, couriers, business services, dry cleaners, retail delivery, carpet cleaning, appliance and electronic repair companies, pizza or restaurant food delivery, trucks and dump trucks.
Most business owners need and want their commercial auto titled, registered, and insured under the business name. The commercial auto also allows for employees to drive on a regular basis. These are types of coverages and operations not allowed on personal automobile policies. To title, register, and insure your business vehicle on a personal auto mixes assets of business & personal and puts your financial security at risk.
Business auto insurance provides protection for liability, uninsured and underinsured motorists, medical payments, comprehensive and collision. Coverage can be extended on some policies for employees using their personal cars for business.
There are several occupations such as a home based business, real estate or insurance and financial services that may not require a commercial auto policy. Often these types of businesses can instead have a “business use” rating on their personal auto insurance policy. In order to understand whether you should have a business auto policy it is best to consult an agent.
TWFG represents a number of companies that offer business auto insurance. It is important that the policy and coverage you select matches your business needs. By working with our TWFG office, you can avoid gaps in coverage and determine which company and policy is right for your business.