Do I need commercial insurance if I use my personal vehicle for my small business?

When you purchase commercial insurance at BES & Associates Insurance for your small business in Walford, MD, we help you make sure that you have the different kinds of coverage you need. That is why it is so important to have a full discussion with your agent about your business.

While your regular auto insurance covers you while you are going back and forth to work, you may need to have extra coverage if you are using your personal vehicle for work tasks.

What Kinds of Activities Does Commercial Auto Insurance Cover?

If you are involved in an accident while performing work-related duties, your insurance will probably not cover you for the accident. Here are some of the activities that will probably not be covered under your personal policy:

  • Making deliveries for your business.
  • Picking up supplies for your business during work hours.
  • Driving clients around during work hours as part of your service.
  • Other work-related duties where you use your vehicle.

Why Is Commercial Auto Insurance Important?

If your regular insurance does not cover you, your business will probably be liable for any damages from the accident. These may include auto repairs, medical bills, car rental, lost time from work, and any other expenses that are a direct result of the accident. 

Your business could be sued over the accident and may even face fines or other penalties for operating an improperly insured vehicle. A commercial auto insurance policy would protect your business from those kinds of negative consequences. 

If you are unsure whether you need extra protection, call BES & Associates Insurance today so we can answer your questions. Our job is to help you protect your Walford, MD business.

What Types of Insurance Products Fall Under the Commercial Insurance Umbrella?

If you are looking to purchase commercial insurance in the greater Waldorf, MD area, BES & Associates Insurance is here to help you. One of the questions that we are often asked is what exactly is commercial insurance. Commercial insurance is a general term that refers to the many commercial insurance products that fall under the commercial insurance umbrella. If you own a business, commercial insurance products can benefit you.

Here are some of the most common types of commercial insurance products available. 

Commercial Auto Insurance

If you are using any type of vehicle for business purposes, you need commercial auto insurance. This includes vehicles that are being used to make deliveries or to transport items or materials to your customers. If you have commercial vehicles and you have a standard auto insurance policy, your claim can be denied if those vehicles are used for commercial reasons. 

Workers Compensation Insurance

If you have one or more employees working for you, you are required to carry workers’ compensation insurance. Workers’ compensation insurance helps to pay for your employee’s medical expenses and lost wages if they are injured on the job. 

Business Interruption Insurance

Your business can be interrupted for a number of reasons, including a health pandemic, a natural disaster, or a fire or pipe burst in your business. If business is interrupted, you may not make the money that is needed to pay your bills. Business interruption insurance helps to pay you for the business profits you lost due to things out of your control. 

Give Us A Call

There are many different types of commercial insurance products, all designed to help you with a specific aspect of your business. Here at BES & Associates Insurance, serving the greater Waldorf, MD region, we can help you select the insurance products that are best suited for your business needs. Reach out to us today to schedule an appointment.