Do You Need Commercial Insurance Woodland Hills?
Posted: Jan 09, 2018
When it comes to buying auto insurance, individuals usually buy personal auto insurance and businesses prefer to buy commercial insurance Woodland Hills for the vehicle that they use for commercial purposes. There's a difference between individual and commercial auto insurance and that is why their premium differ from each other. However, that is not to say that you don't need a commercial auto insurance if you are an individual who's using his vehicle for certain business-like activities. You should check with your insurance company to see if you will need an additional insurance. Additionally, if you're a small business owner whose employees drive your vehicle as a part of the job may need to consider purchasing commercial auto insurance as well.
What Do You Use Your Personal Vehicle For?
Not all personal vehicles are used for personal use only. There are many personal vehicles which are also used by individuals for their business-like activities. Many small business owners use their personal vehicles in business-related operations and if you're one of those then you may need to have a correct and legal auto insurance plan in place. Though it is true that some personal auto insurance policies may offer damage cover during business to some extent, it is suggested that you check this out with your insurance provider to determine which type of auto insurance will be deemed as legal according to law.
It is also suggested to vehicle owners to deal with a well-qualified and experienced independent insurance agent who understands your needs, the use of your vehicle, and can come up with a suitable and affordable personal or commercial auto insurance policy. Your insurance agent is the best man to guide you in choosing the best auto insurance plan for you because there are times when you can get confused if your auto insurance policy covers your vehicle or not. Take your current insurance cover to an agent and ask them to review it. Do not leave your insurance cover to chance because in event of any type of auto accident involving your vehicle, you may end up in trouble in absence of a right auto insurance policy.
Businesses Need Commercial Insurance
Any vehicle that is used for business purposes, whether you own, rent, or lease it, needs to be covered under a good commercial auto insurance policy. It's required to compensate for possible financial losses in case your or your employee is involved in an auto collision involving your business vehicle. A benefit of commercial auto insurance Woodland Hills is that you are allowed to list any of your employees as a driver. Whether you use a mini van or a large truck, you need to get your commercial vehicle covered under a good insurance policy.
Consider Commercial Auto Insurance
Commercial auto insurance is also needed if the vehicle is owned by a corporate partnership, used for delivering the goods, used to carry tools or equipment weighing more than 500 pounds, or it is heavy enough to need state or federal filings.
Absolute Value Insurance Services, Inc. is an independent agency. The agency has a solid background in all aspects of the insurance industry and a firm commitment to service our customers. Because we are an independent insurance agency.