What Separates Personal and Commercial Car Insurance?

Why personal and commercial car insurance are different.line of semi-trucks

If your business requires the use of company vehicles, then you must secure the right commercial auto insurance to protect your business’s risk.  But why can’t businesses simply use personal auto policies to protect company vehicles?  Here’s what separates personal and commercial car insurance.

In actuality, personal and commercial auto insurance is not that different.  In fact, both types of insurance essentially offer the same types of coverage.  For instance, personal and commercial auto policies both offer coverage for collision, comprehensive, liability, and so on.  The main difference between these two forms of insurance is the amount of liability coverage each offers.  Because businesses have more assets and face a higher risk for liability lawsuits, commercial auto insurance policies have much higher liability coverage limits than personal policies.  Additionally, commercial policies are also equipped to cover a wider array of vehicles, such as delivery vans, shipping trucks, as well as standard cars.

There is also a special form of commercial auto insurance designed to cover heavy-duty vehicles.  Because heavy vehicles cause more damage in an accident than light vehicles, they need higher liability coverage limits.  So, if your business owns things like minibusses, cement mixers, semi-trucks, tow-trucks, and so on, then talk with your commercial insurance provider to make sure you have the right amount of coverage.

This is what you need to know about the difference between personal and commercial auto insurance.  Do you need help securing coverage for your company vehicles?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your business insurance needs today.