What’s the Difference Between a Commercial and Personal Auto Insurance Policy?

Understanding Commercial Auto Insurance Requirements in Ohio

If you operate a business in or around Green, OH, you need to meet specific legal requirements when purchasing necessary commercial insurance policies, including commercial auto insurance.

Determining the Need for a Commercial Auto Insurance Policy

A commercial auto insurance policy becomes a necessity under specific conditions. You’ll require it if your business involves traveling to customers’ residences to deliver services, make sales, or make deliveries. Commercial auto insurance becomes crucial if your line of work entails frequent trips to local markets to sell your products. Additionally, if a part-time or full-time employee is expected to drive your vehicle, you must have a commercial policy in place.

Coverage Under Basic Commercial Auto Insurance

A basic commercial auto insurance policy provides similar coverage to personal auto insurance. The minimum policy requirements parallel those of personal auto insurance. However, without a commercial policy, your insurance provider won’t cover any damages if the vehicle is involved in an accident while being used for business purposes—even if the accident wasn’t your fault.

Commercial auto insurance does not cover injuries sustained by an employee driving your vehicle—a worker’s compensation insurance policy typically covers this. However, you can obtain other forms of commercial insurance to protect business tools and products that you transport in your vehicle.

Get In Touch with Ken Boldt Insurance Agency II Inc. For More Information

Ken Boldt Insurance Agency II Inc. offers a variety of commercial auto insurance policy options to business owners operating in the Green, OH area. You can opt for standalone commercial auto insurance or bundle it with other commercial insurance policy types. Feel free to reach out to us whenever it works best for you to gather more information or request policy quotes.