You started a new business mowing yards or making deliveries as a courier. You transformed your pickup into a source of extra income. Congratulations! But remember that starting a new business means a whole new set of rules when it comes to auto insurance.
People who haven’t been in business for long might not be aware that vehicles used for business require different insurance. A Bound Insurance agent can help you understand the insurance needs of your business and put together a package that offers the best protection.
When should someone consider a commercial auto policy? You should get a commercial auto insurance policy when your vehicle is:
- used for business and owned by a corporation or partnership
- driven by employee
- used to haul tools or other equipment on a regular basis
- used to deliver things like pizza or newspapers
- heavy enough to require state or federal filings.
Don’t get into an accident only to discover that your claim won’t be covered because it happened while you towing your lawn mower to a client’s yard, and you only have a personal use auto insurance policy.