Small businesses sometimes do not have enough money to buy a vehicle under the company’s name. Most likely, a business owner will let his employees use his personal auto for official transactions outside of the office and within business hours. This is where business car insurance becomes useful. A personal coverage only takes care of the policy holder and any driver, a family member perhaps, that is listed in the policy. When an accident occurs while an employee is behind the boss’s wheels, there will be a problem. This coverage will assure both you and your staff that medical expenses and damages are covered up to the limits thereby avoiding future lawsuits and claims.
Insurance companies vary in what they can offer as business car insurance packages. It is always the best practice to compare quotes from at least three offers before coming to a decision. Of course, with the whole organization in mind, you will end up with the best offer at the lowest rate possible when you study your options. You will also realize that most insurers will adjust to your demands and needs as long as these are reasonable.
To ensure that you are getting the best quotes from different providers, there are things and information you need to prepare. First and foremost, if you have an existing business car insurance coverage, prepare the policy and show it to your agent so he can tell you what is necessary and what needs to be deleted. If you do not have an existing policy yet, maybe you can show your personal coverage so at least your agent will have an idea about your needs and capacity. You need to disclose the nature of your business and how vehicles are utilized in daily operations. Specific details of the auto such as make, model, and mileage may prove to be helpful too. If you have made claims in the past, your agent would welcome that information. Lastly, your future insurer will of course choose to know the details and background of people you wish to add in the coverage as employees who will drive the car.
Remember that if you have no serious claims for losses in the last three years, your business car insurance rate merits a deduction. This is also true if you are proven to be continuously covered, if you list drivers with professional licenses and have no records of accidents, and if your vehicles are fully equipped with safety features.
Buy and invest in this coverage if you would like to have peace of mind.