• Home
  • Get A Quote
  • File A Claim
  • Customer Service
  • Carriers
  • Make A Payment
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Call Us CALL US TODAY | (888) 337-9322 | COVID-19 Resources
Home
  • Home
  • Personal
    • Homeowners
    • Auto
    • Life & Annuity
    • Flood
    • Mobile Home Insurance
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Umbrella
    • Watercraft & Boat
    • Windstorm
    • Quote Forms
  • Commercial
    • Business & Commercial
    • Workers Compensation
    • Employee Benefits
    • Trucking
    • Liquor Based Business
    • Construction
    • Group Health
  • File a Claim
  • Make a Payment
  • Customer Resources
    • Customer Service Forms
    • Secure File Area
    • COVID-19 Resources
    • DSI Newsfeed
    • DSI Videos
    • Refer A Friend
    • Darr Schackow Insurance Success Stories
    • Free Reports
    • Partners Page
    • Insurance Glossary
    • Real Estate & Mortgage Professionals Area
    • Document Library
  • About Us
    • About Darr Schackow Insurance
    • Carriers
    • Our History
    • Our Locations
    • Staff Directory
    • Customer Testimonials
    • Privacy Policy
    • Workplace Awards
  • Contact
    • Contact Us
    • Gainesville Main Office
    • Jacksonville Office
    • Leesburg Office
    • Milton Office
    • Palm Beach Gardens
    • DSI Trucking Office
    • Armstrong Agency Insurance Group
    • Educators Premier Insurance
    • First Heritage Insurance
    • Fleming Island Insurance
    • Front Street Insurance Group
    • James Harmon Insurance Agency
    • Ribeiro Insurance Group
    • Tom Jones Insurance
    • Trevor Hickman Insurance
    • Boudreaux Insurance Agency
    • Jim White Insurance
  • Blog
  • Join Our Team
Home > Blog > Commercial vs. Personal Auto Insurance
WEDNESDAY, DECEMBER 15, 2021

Commercial vs. Personal Auto Insurance

DSI-Commercial-vs-Personal-Auto-Insurance 

Many business owners may not understand the differences between commercial auto insurance and personal auto insurance. However, some key differences should be understood to avoid more significant issues down the road. Let's take a look at some of the key reasons. The two policies provide separate coverage and are not the same; however, they can be bundled as a package to save you or the employer additional money on the premium.

 

Some of the more obvious examples for requiring Commercial auto insurance are the necessity for small businesses to meet with their clients, transport equipment or products, or share company vehicle with employees. Also, keep in mind that if you are using your personal car for employer-related purposes, it is your employer's responsibility to insure any work-related driving you do for them. Your personal coverage will most likely not cover any claim related to a work incident.

 

There are fundamental differences between the two insurance policies. Commercial auto insurance policies usually have higher limits since a business may need more protection. Commercial auto insurance may also be tax-deductible where personal auto insurance is not. Personal policies generally do not cover things such as ride-sharing services. Suppose you are a ride-sharing provider and provide rides for Uber or Lyft. In that case, your policy must provide sufficient coverage, which can only be obtained with a commercial insurance policy. Also, Personal insurance policies will not cover food trucks or service trucks that carry tools such as ladders, toolboxes, or other equipment associated with the business.

 

Be aware: The risks of being sued due to a claim being denied for not carrying the proper insurance can be detrimental to your business and force the vehicle operator into a severe liability lawsuit if there are injuries where the victims could potentially sue and come after your assets.

 

Most types of commercial auto insurance are optional. However, depending on the state laws where your business operates, you might be required to purchase other types of policies such as

workers' compensation insurance if you have employees or already have commercial auto insurance for a business-owned vehicle. If you are a commercial driver operating a business-owned vehicle, you must carry commercial auto insurance.

 

Personal auto insurance deals with your personal life. Commercial auto insurance deals with your entire business and the people who are employed or associated with the business. In the insurance company's eyes, the risks and liability factors are much more significant in a business scenario than they are for an individual, which is why policy limits and premiums have to be considerably higher for a business.

 
Posted 6:14 PM

Tags: commercial insurance, personal insurance, auto insurance,
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

  • commercial insurance(18)
  • homeowners insurance(17)
  • auto insurance(15)
  • life insurance(10)
  • insurance advice(10)
  • gainesville insurance(8)
  • business insurance(8)
  • covid-19(6)
  • uninsured motorist(5)
  • cyber liability(5)
  • specialty coverage(4)
  • hurricane(4)
  • 2022(2)
  • insurance misconceptions(2)
  • rv insurance(2)
  • cyber security(2)
  • renters insurance(2)
  • cyber liability insurance(2)
  • flood(2)
  • fire safety(2)
  • wind mitigation(2)
  • cyber coverage(2)
  • insurance claim(2)
  • personal lines insurance(2)
  • personal insurance(2)
  • home inspection(2)
  • home(1)
  • ltc(1)
  • commercial auto(1)
  • should i buy stacked uninsured motorists coverage for one car? cheap car insurance(1)
  • goals(1)
  • family(1)
  • employee benefits specialist gainesville florida(1)
  • lawsuit(1)
  • assignment of benefits(1)
  • doubt(1)
  • insurance tips(1)
  • cheap car insurance gainesville(1)
  • umbrella insurance(1)
  • should i buy uninsured motorists coverage for one car(1)
  • rental insurance(1)
  • local independent agent(1)
  • voluntary benefits(1)
  • auto insurance gainesville(1)
  • renter(1)
  • motivation(1)
  • attitude(1)
  • auto insurance jacksonville(1)
  • work comp(1)
  • locally owned auto insurance agency(1)

View Mobile Version
Auto Insurance AUTO Read More
Homeowners Insurance HOME Read More
Business Insurance BUSINESS Read More
Life Insurance LIFE / ANNUITY Read More
Employee Benefits Insurance EMPLOYEE BENEFITS Read More
What's New? DSI Newsfeed Read More
Facebook
Twitter
LinkedIn
Google+
Instagram
YouTube
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Facebook Logo

Resources

Home About Us Get a Quote Customer Service Contact Us

Contact Us

  • Gainesville Office
  • 5200-B W Newberry Rd.
  • Gainesville, FL 32607
  • _
  • Call Us (888) 337-9322
© Copyright. All rights reserved.
Powered by Insurance Website Builder