How To Know If You Need Commercial Car Insurance
f you own a business, you need commercial car insurance.
It's that simple.
The Ministry of Transportation says you'll be putting your business in danger if you do not have commercial car insurance.
Think about it.
You see florist vans, school and tour buses, landscaping trucks, 18-wheelers, tow trucks, courier services and the like on the road all day.
If one of them was uninsured in an accident, the business would be at risk of not only a lawsuit but paying medical costs as well as vehicle damage costs.
How to know if you need commercial car insurance means surveying your options if you own a small business.
Saving money is what every small business owner does, but in some areas, this is not a wise move.
Covering your assets keeps your business viable so that you can save money elsewhere; after all, where would you be without your delivery trucks or your sales fleet? Save money in your office supplies or your free software but blanket coverage on your trucks and automobiles is essential.
Even if you only own one vehicle, commercial car insurance is a must if you use it for business reasons, because you could be sued if you use a personal vehicle for business reasons and are not covered as such.
Financial Web advises most commercial car insurance companies ask you to carry unemployment insurance so employees can drive your business vehicles.
It says you can save money on premiums by carefully screening your employees who have at least a three year safe driving record, doing drug testing and by having a zero-tolerance policy.
The Ministry of Transportation also advises business owners to own safe vehicles rather than sport vehicles and have GPS tracking, car alarms and air bags in your fleet vehicles.
Also, it's well known that higher deductibles will lower your premiums.
When the small business owner shops for car insurance for his vehicles, he will think about discounts.
Multiple vehicles, non-owner coverage for when an employee uses his personal vehicle for business reasons, seasonal coverage in the instance of farm vehicles, and more.
The MTO says commercial vehicle coverage is like private vehicle insurance but the liability in case of vehicle and medical damage is different.
So shop around to find the best rates, but don't just take the cheapest, which isn't always the best.
Cars Direct says that most insurance agencies allow the small business owner to tailor a policy to his needs.
Of course, liability and physical damage is a must-have, but many policies carry coverage for any eventuality, which could benefit the small business owner in the event of nature going crazy and damaging your fleet, fire, theft and other disasters.
Another item that could help the small business owner is bundling his insurance needs.
If, for instance, he owns the building in which his business exists, he could bundle commercial car coverage with structure and equipment coverage.
Shop around for the best coverage and premiums and don't buy the cheapest insurance.
It's that simple.
The Ministry of Transportation says you'll be putting your business in danger if you do not have commercial car insurance.
Think about it.
You see florist vans, school and tour buses, landscaping trucks, 18-wheelers, tow trucks, courier services and the like on the road all day.
If one of them was uninsured in an accident, the business would be at risk of not only a lawsuit but paying medical costs as well as vehicle damage costs.
How to know if you need commercial car insurance means surveying your options if you own a small business.
Saving money is what every small business owner does, but in some areas, this is not a wise move.
Covering your assets keeps your business viable so that you can save money elsewhere; after all, where would you be without your delivery trucks or your sales fleet? Save money in your office supplies or your free software but blanket coverage on your trucks and automobiles is essential.
Even if you only own one vehicle, commercial car insurance is a must if you use it for business reasons, because you could be sued if you use a personal vehicle for business reasons and are not covered as such.
Financial Web advises most commercial car insurance companies ask you to carry unemployment insurance so employees can drive your business vehicles.
It says you can save money on premiums by carefully screening your employees who have at least a three year safe driving record, doing drug testing and by having a zero-tolerance policy.
The Ministry of Transportation also advises business owners to own safe vehicles rather than sport vehicles and have GPS tracking, car alarms and air bags in your fleet vehicles.
Also, it's well known that higher deductibles will lower your premiums.
When the small business owner shops for car insurance for his vehicles, he will think about discounts.
Multiple vehicles, non-owner coverage for when an employee uses his personal vehicle for business reasons, seasonal coverage in the instance of farm vehicles, and more.
The MTO says commercial vehicle coverage is like private vehicle insurance but the liability in case of vehicle and medical damage is different.
So shop around to find the best rates, but don't just take the cheapest, which isn't always the best.
Cars Direct says that most insurance agencies allow the small business owner to tailor a policy to his needs.
Of course, liability and physical damage is a must-have, but many policies carry coverage for any eventuality, which could benefit the small business owner in the event of nature going crazy and damaging your fleet, fire, theft and other disasters.
Another item that could help the small business owner is bundling his insurance needs.
If, for instance, he owns the building in which his business exists, he could bundle commercial car coverage with structure and equipment coverage.
Shop around for the best coverage and premiums and don't buy the cheapest insurance.
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