Business Liability Insurance Rates

August 4 2009 by author in Uncategorized |Comments Off

Reader’s Question:

How can we have lower business liability insurance rates so that our company will be able to save on some finances?

Lalaine

Olympia WA

 

Years ago, business liability insurance rates are very low compared today due to the increased competition among the many insurance companies in the industry. After the tragic events on the 9/11 and the economic recession that hit the globe, business liability insurance rates have increased considerably but offering a shorter range of coverage. However, if you have the determination, the will and the patience, you can find affordable business liability insurance coverage.

Some companies have their business liability insurance at a lower price because they purchased it in a group plan with other business owners by joining trade associations and business groups. Other companies can save on their liability insurance by buying all their other needed insurance from a single insurance company. Some insurance companies will even offer package deals to your business liability insurance. There are just some of the ways to lower your business liability insurance rates.

You can also seek quotes for business liability insurance from various insurance companies and compare them to see which ones offer better insurance coverage and rates. You can easily do this through the Internet. There are a lot of insurance companies marketing and offering their products online. Due to the high competition of insurance companies in the Internet, insurance rates will go lower as they compete for customers.

You can also seek the assistance of an insurance broker to help you with your budget. This will give you the chance to discuss with your insurance broker what really matters to you. In this way, your insurance broker can also give you suggestions on what you should get for your business. Negotiations are possible to come up with the best insurance coverage at a reasonable price.

Purchasing your business liability insurance should not be costly on your part, although it is very essential. By taking the time to scour the market for good deals at reasonable prices, you have great savings for your company.

Commercial Vehicle Insurance Tampa Florida FL

July 26 2009 by author in Uncategorized |Comments Off

Reader’s Question:

What’s the difference between a regular auto insurance and a commercial vehicle insurance in Tampa Florida?

Jane

Tampa FL

 

A commercial vehicle insurance is a type of insurance that is mainly used by businesses. We know that if you own a vehicle, you have to buy insurance for it right? There are two main reasons why you would insurance your car. First is that it is required by law, depending on which state you are from. Second, you obviously want to protect people important to you.

But commercial insurance is an entirely different matter altogether. A vehicle that is used for business purposes cannot be covered by a simple auto insurance. A car for example that is used for business needs to be insured in a different way. So what does business use mean? Let’s talk first what is not business use. Driving a car from home to where you work is not considered as a business use. It is actually just commuting. If this is the case then there is no need for a commercial vehicle insurance. However if you use it to get from your office to that of a client’s on a regular basis, then it could qualify for commercial insurance.

Examples of business use include delivery of goods like office supplies or flowers. Carrying of equipment like ladders or tools is also considered as business use. A vehicle with special gadget attached to them, like a snowplow, can only be considered as business if it is used not just solely on private property.

Another reason how it is different from personal auto coverage is the driver. If other people, usually employees, use the vehicle, then it is considered as being used for business. Most insurance companies though will require you to provide a list of employees who are expected to use such vehicles. It is advisable therefore to keep track of who is currently using the the vehicle.

In essence, what I am saying is that if your using a vehicle for your business in Tampa Florida, then it have commercial vehicle insurance.

California Commercial Auto Insurance

June 23 2009 by author in Uncategorized |Comments Off

Reader’s Question:

When should I get California commercial auto insurance?

Richard

Los Angeles CA

 

You can get California commercial auto insurance if you use your car for business use. In this case, you will need to inform your car insurance provider.

You can buy California commercial auto insurance instead of a Personal Auto Policy when the following applies:

  • Need to be covered when you pick up or deliver goods and/or people
  • Need protection for any employees when they drive the vehicle or have employee-owned vehicles
  • Need higher coverage limits than what is offered through a personal auto policy
  • Coverage for any type of business ownership (Sole Proprietorship, Corporations, Partnerships, LLC, etc.)
  • Multiple vehicles used for artisan use
  • Equipment is permanently attached to the vehicle

If you need to purchase California commercial auto insurance quote an insurance agent will give you more information that you need.

Personal Car Insurance vs. Commercial Car Insurance

February 2 2009 by author in Uncategorized |Comments Off

Reader’s Question:

I’m running a small business here in town. I’m planning on getting just one other vehicle to be used by the business. Should I sign up for commercial car insurance or just get the usual car insurance like the one I have for my car?

Christine

Durham, NC

Here are some tips to help you assess whether you should go for a personal car insurance or commercial car insurance for the car you will be using in your business. If you own the business, or if you will be the only one driving the car for your business, you can get personal car insurance. If you only use one vehicle for the business, this is also an option. Also, if you think that you can afford to buy car insurance that has enough coverage to protect your company from the cost of repairs, damage, injuries in case an accident involving the car happens, then you should think about personal car insurance.

If your business is not a sole proprietorship, then you should definitely look into commercial car insurance. Also, if there will be more than one employee who will be using the vehicle, this is a good reason to go for commercial car insurance. You may also want to consider getting insurance coverage for employee owned vehicles that they use in the course of doing business. Another instance you will need commercial car insurance is if you will be using the vehicle to transport goods or people for your operations. Most commercial car insurance offers higher insurance coverage than personal insurance, and this will go a long way in protecting your business if a mishap occurs.

Choosing Between Personal and Commercial Car Insurance

January 31 2009 by author in Uncategorized |Comments Off

Reader’s Question:

I am starting a home-based pastry business with delivery service. It is not yet that big, so I was wondering if I should already get commercial car insurance.

Ella

Hartford, CT

Ella, choosing between personal car insurance and commercial car insurance depends on the number of vehicles and the frequency of these vehicles to be on the road. So, for home-based businesses, it is the nature of your business that matters very importantly.

Most business owner who have their homes as their basic center of activity find it already sufficient to have only their personal auto insurance coverage. But most of the time, the nature of the businesses these people run does not require them to drive around most of the time. An example of this is an independent real estate broker who just finds the need to drive around when touring their clients.

As for you, it should be different. You said that you are planning to have a home-based pastry business with delivery service. The delivery service is the deal breaker here. If you expect to have a large amount of delivery orders, it is advisable that you avail of commercial car insurance. And even if you have only one vehicle to be used for delivery, the coverage offered by commercial car insurance is still highly recommended. You should just be realistic and keen on estimating the influx of delivery orders in your area because if there would not be as many orders to equal your capital, you might as well drop the delivery service.

As final words, if you are going to push through with the delivery service, you might want to consider hiring professional drivers with impeccable driving history. This shall help you so much at cutting costs on your commercial car insurance.

Advantages Of Commercial Car Insurance

January 29 2009 by author in Uncategorized |Comments Off

Reader’s Question:

Would a commercial car insurance policy be compatible with the needs of my business car here in Rhode Island?

Trent

Providence, RI

By default most probably not, but that’s only because most commercial car insurance policies are offered businesses in a customizable manner, with the insurance company acting as a consultant so that the policy can be tailor fit to the needs and requirements of the business. So before you can know if a certain provider can offer a policy that meets your business-needs, you will need to provide them information first about the role of your vehicle towards your business there in Rhode Island.

Commercial car insurance companies do offer car insurance quotes over the web to give you an idea of their pricing. But most would expect to talk to you first and ask you questions that would give them a good idea how to create or customize a policy for your business. Some even offer a Risk Management Plan which is a good way of determining what kind of, and how much, commercial car insurance coverage you may need, especially if you have a fleet of business vehicles like trucks, limousines, delivery vans, taxis etc.

We highly recommend that you begin your search for a suitable commercial auto insurance company on the web. Doing this will save you a lot of time and effort on your end and will increase your chances of landing the best kind of auto insurance for your business needs. You can begin by using the free search tool found on this website that will give you an idea of the available commercial insurance companies selling their products on the web.

How Much Commercial Car Insurance You Need

January 24 2009 by author in Uncategorized |Comments Off

Reader’s Question:

How will I determine the amount of coverage to get for my commercial car insurance?

John

Portland, OR

When obtaining commercial car insurance coverage for your business, the first thing you will need to know is the total assets of the business. This will help you gauge the amount of coverage you will actually need to protect the business from possible lawsuits or bankruptcy. If your business is worth one million dollars, then have it insured for that amount.

However, there are other considerations you need to look into. Make sure that before you get the commercial car insurance policy, you have researched on the most recent legal actions and/or settlements that have been done in the industry you are in. This way, you know how much coverage you will need to add for potential litigations against your business. If you have a fleet, it would be best to draw up some sort of driving policy that your employees could use as a guideline, so that the cars are not used outside of business. This way, you get to avoid having to shoulder the liability for the misuse of your commercial vehicles. Make sure that you also determine how much medical coverage you will need to cover for your workers. If you provide them with an excellent health plan, and the commercial cars do not generally transport passengers, then you may choose to obtain just the minimum for medical coverage as your employees will be taken care of by their workers’ compensation and health insurance.

Why You Need Commercial Car Insurance Coverage

January 21 2009 by author in Uncategorized |Comments Off

Reader’s Question:

I’m considering if it is worthwhile to get my delivery car here in Nevada a commercial insurance policy, what are the benefits of such a policy for my business?

Karla

Las Vegas, NV

If you are wondering whether its worthwhile getting commercial car insurance coverage for your delivery car there in Nevada, ask yourself the following:

  • Can I afford to replace my delivery car immediately, and in my own expense, if it gets totaled in a car crash, gets stolen, or vandalized?
  • Would my business suffer enormous setbacks if my delivery van is unusable for an extended period of time, or even just a couple of days?
  • Does my state have financial responsibility laws requiring me to get a minimum level of liability coverage for any form of vehicle I own or drive?

The last question is certainly answerable with a “Yes” since almost all states require you to carry a minimum dollar amount of liability insurance protection in case your commercial vehicle gets involved in a car crash. If you dread imagining what will happen to your business in the event that your delivery car is unusable, then you should seriously consider getting commercial car insurance.

Commercial car insurance gives you the peace of mind knowing that you have someone that can pay for replacing your lost commercial vehicle, or get repairs done as quickly as possible, in order to minimize the impact of a car crash or accident to your business. This kind of insurance can also compensate for loss profits or income due to the unavailability of your commercial vehicle. You’re taking a big risk losing your clients or business, and a great deal of money, by operating a commercial vehicle without insurance.

You can use this website to run free commercial auto insurance quote checks to get the most competitive offers, as well as compare car insurance rates between carriers.

Commercial Car Insurance Question

January 16 2009 by author in Uncategorized |Comments Off

Reader’s Question:

I occasionally lend my car to my teenage son when he delivers newspapers in our neighborhood. It it necessary for me to get commercial car insurance?

Benjamin

Los Angeles, CA

Delivering newspapers in your neighborhood may seem like a mundane situation. It’s easy to think, ‘Who gets into an accident delivering newspapers?’ But an accident by its very nature can happen when you least expect it. You probably have car insurance with the state-required minimum coverage. Perhaps you even have more than the minimum. But it would be sensible to not put too much faith on that. Using an automobile to deliver newspapers or any packages or products for a fee will get it classified under livery use. This type of vehicle use is not covered by any type of personal car insurance.

Let us say that your teenage son does get into an accident while using your car to deliver newspapers in your neighborhood and you try to file a claim for benefits through your personal car insurance anyway. Car insurance companies have been known to send out their own investigators when they suspect anything slightly anomalous in the claim being filed. There is a possibility that they would discover how the car was used at the time of the accident. They can easily decide to reject your claim if this happens. It doesn’t matter how infrequent your son uses your car for newspaper delivery or how careful he drives while doing it. It is still highly advisable that you obtain commercial car insurance. You’ll be spending a little extra money but you’ll be buying a whole lot of peace of mind and you’ll be saving yourself from a lot of future aggravation.