In this weekly series, Insure Brokers takes a look at myths small business owners believe about insurance. You don’t need business auto insurance because you drive your personal car #BusinessINsurance
The right business insurance can provide excellent protection, but business owners should understand the truth behind these insurance myths before deciding on their coverage.
Many personal auto insurance policies exclude coverage for commercial (a.k.a. business) use. That means if you get into an accident while running to Staples or the airport for your business, you might run into difficulties with your insurance provider.
The insurance needs for your car will depend on how it is primarily used. In other words, if you use it most often for business purposes (but sometimes for personal uses), it will likely require commercial coverage. If you use it most often for personal purposes (with the occasional business errand thrown in), it will likely require only personal coverage.
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