Progressive Commercial
Learn more about how you can save money on your commercial auto insurance and get great service.
Offer Your Products or Services
If you would like to offer discounted products or services on this site, contact us today.
Personal vs. Commercial Auto Insurance
When you own an independent business or are self-employed, sometimes it can be confusing to determine which type of insurance is right for you — commercial insurance or personal insurance. The most common area of confusion between the two is with auto insurance. Many people make the mistake of thinking that commercial auto insurance is just for businesses. This is false — it depends on the type of vehicle you own, and how you use it. And some independent business owners may believe they don't need commercial auto insurance, but they really do.
Definitions and requirements for each type of policy can differ by state. Not all types of vehicles will be covered by commercial auto insurance, such as emergency vehicles and double-decker buses, so it's important to check with your auto insurance provider to see what types of vehicles can be insured.
Personal Auto Insurance May Not Protect You When...
Personal auto insurance policies may exclude coverage if you're involved in an accident while using your vehicle for business. Some examples of business use include delivery or transportation services, such as pizza and newspaper delivery, or using your vehicle to drive to multiple worksites or meet with clients every day. If you use your vehicle for any type of business, you will definitely want to contact your auto insurance agent and inquire about a commercial auto insurance policy.
Benefits of Commercial Auto Insurance
There are some other main differences between personal and commercial auto insurance policies. One of the benefits is that commercial auto insurance policies tend to have higher liability limits than a personal insurance policy, and can usually cover multiple vehicles, rather than just one. You can also have your employees and coworkers listed as covered drivers on your commercial auto insurance policy.
Other Types of Commercial Auto Insurance Coverage
It's also a good idea for independent businesses to purchase non-owned auto insurance and hired auto insurance. Non-owned auto insurance provides coverage to employees that occasionally use their personal vehicles for business purposes. Hired auto insurance provides liability coverage for vehicles driven that you or your business do not own, such as rented vehicles.
Get a fast online customized insurance recommendation to see if commercial or personal auto insurance is right for you. For more information about commercial auto insurance, contact us today at 1-888-806-9598, or visit ProgressiveCommercial.com.