commercial auto
For the Self Employed
Declare the business usage to your insurer.
Some insurers will extend your personal auto coverage to your business activities but some don't.
Shop around and make sure you have coverage on your business activities.
Company cars: Permissive Driver vs Named Driver
Your company auto insurance policy may only cover the named drivers stated on the policy. If that is the case, any person other than the named drivers would not be covered by the policy. For example, your best clients, your dear friends or even your family members are excluded from the policy if their names are not stated in the policy.
ACT suggests you to find one insurer who offers permissive driver clause coverage. So long as the non-named drivers receive your permission to drive the vehicle; the policy will extend coverage to them.
Hired and Non-own Coverage
Generally covers your company liability exposures when your employee runs errands for your company (example, going to the post office or the bank) or when your company hires vehicles. This coverage protects the unexpected or the under-the-radar liability exposure.
Declare the business usage to your insurer.
Some insurers will extend your personal auto coverage to your business activities but some don't.
Shop around and make sure you have coverage on your business activities.
Company cars: Permissive Driver vs Named Driver
Your company auto insurance policy may only cover the named drivers stated on the policy. If that is the case, any person other than the named drivers would not be covered by the policy. For example, your best clients, your dear friends or even your family members are excluded from the policy if their names are not stated in the policy.
ACT suggests you to find one insurer who offers permissive driver clause coverage. So long as the non-named drivers receive your permission to drive the vehicle; the policy will extend coverage to them.
Hired and Non-own Coverage
Generally covers your company liability exposures when your employee runs errands for your company (example, going to the post office or the bank) or when your company hires vehicles. This coverage protects the unexpected or the under-the-radar liability exposure.