Vehicles and Business Insurance

Vehicles and Business Insurance

If you have a business with a fleet of cars or trucks, you are probably well aware of the importance of fleet and commercial vehicle insurance for your business. These vehicles, after all, play a critical and very visible role in your business. Movers, for example, are exposed to a variety of risks involving vehicles as are delivery services and service companies who have their own work trucks. Those in these situations are likely aware that their Business Owners Policy (BOP) doesn’t include vehicle insurance. But what about those businesses whose business-related vehicle use may be less obvious? What about the companies who send out an employee, in their own personal car or the company’s, to pick up some parts or supplies? What about an outside salesman using his or her own car in performance of their job-related duties? Who would be liable in an accident and what precautions should a company take? Here’s a little closer look at vehicles and the role they may play in your business.

Vehicles A Company Owns

If there are vehicles that are registered in your company’s name, this is a no-brainer. You need to cover them with commercial or business vehicle coverage to at least minimum standards in your state. The minimum coverage most often is not sufficient to protect your assets so you may want to consider higher limits.Whether it is one vehicle or a massive fleet, if your company owns it, it is required to insure it.

Use of Personal Vehicles

If a personal vehicle is used primarily for personal use, its coverage would extend to the occasional errand or business use. This should be comforting for small businesses who often need staff to contribute in multiple ways.

The problem may be in the amount of coverage. If a business owner, for example, is on his or her way to a business meeting while distracted by a business related text and causes an injury accident, the personal insurance limits may not be sufficient to protect the business. Business vehicle insurance could provide the needed coverage.

Choosing the Right Business Vehicle Solution

Businesses generally have three options for vehicles that may be used for business.

  • Coverage on the vehicles they directly own
  • Vehicles the business owns, hires or leases
  • Every vehicle, used at any time for the business

When practical, most businesses can benefit from the third option, because it simply takes the guesswork out of responsibility.

When it comes to vehicle insurance and your business, factors include the number and type of vehicles involved, how the vehicles are used, who owns them, are contract workers involved and how many “business-related” miles may be put on these vehicles annually.

Because there are so many variables involved, it is best to contact one of our independent insurance agents to discuss your business and its use of vehicles. Our agents will seek out insurance companies who specialize in insuring companies with vehicles just like yours. This frequently results in better coverage at competitive prices. Don’t let the unknown threaten your business. Contact us for commercial vehicle and business use vehicle insurance today.

Let us shop your insurance needs.

Leave a Comment

Protecting Your Biggest Investment

May 18, 2020

Fun Ways to Relieve the Stress of Cabin Fever

May 15, 2020

Think Twice About Buying Business Insurance from a Friend

May 14, 2020

Why You May Need a Physical to Acquire Life Insurance

May 13, 2020

Will a Traffic Ticket Result in Higher Car Insurance Premiums?

May 12, 2020

Roof Damage and Your Homeowners’ Insurance

May 11, 2020

Moolah. Dough. Money. Cash Throughout US History.

May 8, 2020

Sole Proprietors and Business Insurance

May 7, 2020

What You May Have in Common With Pro Athletes

May 6, 2020

Your Car Was Damaged While Shopping. Now What?

May 5, 2020

Improving Your Home? Improve your Insurance.

May 4, 2020

Is Waxing a Car Still a Thing?

May 1, 2020

The ABC’s of Product Liability Insurance

April 30, 2020

The Value of a Life Insurance “Policy Status” Report

April 29, 2020

Why Changing Jobs May Change Your Car Insurance Rates

April 28, 2020

Five Easy Steps to Prevent Home Fires

April 27, 2020

Independent Businesses Deserve an Independent Business Insurance Agent

April 23, 2020

A Checklist: Expenses Your Life Insurance Should Cover

April 22, 2020

When, How and Why Auto Insurance Takes Effect

April 21, 2020

What You May Not Know About the Roaring (19) 20’s

April 17, 2020

Bundling and Business Insurance

April 16, 2020

A Pool and ts Impact on Homeowners’ Insurance

April 13, 2020

Movie Sites You Can Still Visit

April 10, 2020

What is Condo Insurance?

April 9, 2020

Why Funerals Can Be So Expensive

April 8, 2020

The Hidden (and Not So Hidden) Ways Your Car is Designed to Protect You

April 7, 2020

Working From Home? Here Are Tips to Stay Productive

April 6, 2020

Some of America’s Favorite Amusement Parks

April 3, 2020

Is Your Business Insurance Growing With Your Business?

April 2, 2020

Should You Have Auto Insurance if You Don’t Own a Car?

March 31, 2020

Why You May Be Required to Carry Homeowners’ Insurance

March 30, 2020

9 Ways Gas Stations Have Changed Since the 60’s

March 27, 2020

Why a Non-Profit Needs Business Insurance

March 26, 2020

Life Insurance vs Burial Insurance

March 25, 2020

VIN Numbers and How to Decipher Them

March 24, 2020

Proving Losses in a Homeowners’ Insurance Claim

March 23, 2020

Tasks Those Under 21 May Not Know How to Do

March 20, 2020

Vehicles and Business Insurance

March 19, 2020

Life Expectancy Changes Through the Years

March 18, 2020

My Neighbor’s Tree Fell on My House. Who is Responsible?

March 16, 2020

Cyber-Security Tips for Small Businesses

March 12, 2020

Do I Need That Insurance Offered at the Rental Car Counter?

March 10, 2020

Is “Bundling” Your Homeowners’ Insurance a Good Idea?

March 9, 2020

Becoming a Parent? Congrats! Now Hold On!

March 6, 2020

How a Video Security System Can Benefit Your Business

March 5, 2020

How Your Hobbies Can Affect Life Insurance Rates

March 4, 2020

How Maintenance and Homeowners’ Insurance Work Hand-in-Hand

March 2, 2020

Five U.S. Cities Growing in Popularity as Trendy Tourist Destinations

February 28, 2020

The Different Types of Insurance Companies

February 26, 2020

The World of Supercars – Driving on the Next Level

February 25, 2020

Some Surprising Ways Major Cities Got Their Names

February 21, 2020

Independent Insurance Agents and Business Insurance

February 20, 2020

How Effective is Automobile Safety Equipment?

February 18, 2020

Jewelry, Termites, and Flooding: What Your Homeowners’ Insurance May Not Cover

February 17, 2020

Classification Codes and Their Impact on Business Insurance

February 13, 2020

Six Benefits of Life Insurance

February 12, 2020

You “Auto” Keep an Eye on It: Pros & Cons of Automatic Car Insurance Payments

February 11, 2020

What Are the Odds? Chances of a Natural Disaster Hitting Your Home

February 10, 2020

Best Places to Spend Valentine’s Day

February 7, 2020

What’s the Difference Between a Contract Worker VS Employee?

February 6, 2020

Contact Us



Have A Question?

We have an answer. Call us at 1-(720) 442-1544

710 Tenacity Dr Unit 201, Longmont, CO 80504

1-(720) 442-1544

© Copyright 2020 CYA Insurance  |   All Rights Reserved
Site by ICA Agency Alliance

710 Tenacity Dr Unit 201, Longmont, CO 80504
1-(720) 442-1544

© Copyright 2020 CYA Insurance  |   All Rights Reserved
Site by ICA Agency Alliance