Do we need a business automobile insurance policy if we rent instead of owning company cars?

Most people don’t realize that there are, in fact, many differences between commercial automobile insurance and personal automobile insurance. They often find out when it is too late that they were depending on a personal insurance policy to protect them when the circumstances fell outside the range of what would be covered, leaving them to pay the full bill. The agents at Integra Insurance Services work to help their commercial insurance customers in Huntington, TX protect their businesses by making sure they understand the kind of protection they need for their situations.

The first most important thing to understand is that a personal insurance policy or a business owners policy (BOP) will not provide coverage for automobiles used primarily in a business. Those kinds of coverage must specifically be provided by auto insurance policies.

The Business Auto Coverage Form (BACF) is the most commonly used contract that businesses use to provide coverage for their automobiles. This means cars, trucks, vans and any other kind of conveyance the business needs to use. The policy will need to list all of the vehicles which are intended to be covered under the policy, or the people who will need to be covered if they are driving while conducting business.

When you are choosing the coverage that best suits your needs, you will have to decide what should be covered. Do you want to cover only the automobiles the company owns, hires or leases? Or do you also want to cover other automobiles that your business uses also, such as when an employee runs an errand with a personal car? The second option provides wider protection for your business. The more coverage, the better protection.

If you have a business in Huntington, TX, call Integra Insurance Services to find the best commercial auto insurance for your company.