In the United States, owning a personal car is more necessity than luxury. This explains why a whopping <\/span>95 percent of American households<\/span><\/a> own at least one vehicle.<\/span><\/p>\n For all the joys, convenience and comfort that comes with owning a car, there are a number of responsibilities. For instance, you have a duty to ensure your vehicle is properly and adequately insured. In fact, save for a few states, it’s a legal offense to drive around in an uninsured car.<\/span><\/p>\n But did you know the kind of car insurance that’s right for you and your car? This is particularly important if you use your car for business activities.<\/span><\/p>\n If you don’t, lean in. This is a complete guide to the different types of auto insurance your business may need.<\/span><\/p>\n But first off;<\/span><\/p>\n Some car owners don’t know the difference between the regular\/standard car insurance and business car insurance, especially if they also own a business or are employees.<\/span><\/p>\n If you use your personal vehicle for business activities, such as driving to see a client or dropping a package, and your car is only insured for personal use, you’re committing an offense. Not only that, but you’re also risking voiding your insurance policy.<\/span><\/p>\n If you’re involved in an accident, your insurance company will certainly reject your compensation claims, because you were using a personal car for commercial activities.<\/span><\/p>\n To avoid such problems, get business car insurance, in addition to your standard car insurance.<\/span><\/p>\n In detail, here are the types of car insurance you need.<\/span><\/p>\n If you own a car, you probably already have liability insurance.<\/span><\/p>\n This type of insurance policy will protect you from any liability in the event that you cause an accident and harm other people or destroy property.<\/span><\/p>\n For instance, let’s say you’re dashing to meet an important business client. In the hurry, you ram into another car, which spins off the road and breaks into a roadside shop. Your liability insurance will pay for the medical costs of the people in the car you hit, as well as for the repairs the shop owner will need to carry out.<\/span><\/p>\n However, liability insurance doesn’t pray for your own costs, and neither does it pay for your car repair. This takes us to the next type of car insurance policy.<\/span><\/p>\n Every year, <\/span>about 1.25 million people<\/span><\/a> in the United States sustain car accident injuries.<\/span><\/p>\n Life after an accident can be very challenging. Depending on the nature of your injuries, you might not be able to go back to work immediately. Some injuries can permanently disable and force you to abandon work completely. Healthcare costs can also run into six figures.<\/span><\/p>\n Without the right type of insurance, you’ll be forced to dig into your pockets and take care of your expenses. It’s no wonder healthcare is the <\/span>number #1 reason<\/span><\/a> Americans file for bankruptcy.<\/span><\/p>\n Personal injury protection is the type of auto insurance that will pay for these costs. It will also pay for the healthcare costs of passengers you were carrying in your car at the time of the accident. The policy also covers lost income and funeral expenses.<\/span><\/p>\n Collisions are a constant worry among business owners. When your cars or trucks are out on the road, a collision can mean the vehicle sustains extensive damage.<\/span><\/p>\n With only liability insurance and person injury protection, your vehicle is left exposed. This is where collision insurance coverage comes in handy. Your insurer will repair your car if it collides with another vehicle, or hits objects such as trees and buildings. When the vehicle is damaged beyond repair, the insurer will replace it.<\/span><\/p>\nWhat Is Business Car Insurance?<\/b><\/h2>\n
1. Liability Insurance<\/b><\/h2>\n
2. Personal Injury Protection Insurance<\/b><\/h2>\n
3. Collision Insurance<\/b><\/h2>\n
4. Comprehensive Auto Insurance<\/b><\/h2>\n