Most responsible drivers realize that car insurance is a necessity, but not all-small business owners recognize that their personal vehicle insurance may not meet all their coverage needs if an accident happens while in the course of business activities.
Most important is liability coverage for bodily injury. This insurance provides payment for injuries to others resulting from an incident where the small businessperson is at fault. Liability coverage can also take care of the cost of legal representation in the case of lawsuits or claims.
An umbrella type of vehicle insurance is called comprehensive car insurance. This is coverage for damages to vehicles that are not due to an actual accident. This insurance is for items like car theft, fire, and water and hail damages.
Just like the name sounds, collision vehicle insurance is there to pick up the pieces after a crash. Collision pays for damages to other cars due to a wreck and it can cover other types of crashes, like running off the road, or hitting a tree or pole or other stationary object.
Many business people today cannot operate without electronic help such as Blackberries, smart phones and GPS locators. This is particularly true for sales-oriented and delivery driven businesses and there is a specific type of vehicle insurance that covers electronic items in the business vehicles.
The electronic device insurance is specifically for equipment that is a permanent part of the vehicle, like factory installed GPS units, or electronic items that can be removed, but use some sort of a permanent mounting unit in the car. An example of this would be a satellite radio system.
Those who rely on leased vehicles and rental cars for short-term business needs should do some research on specialized coverage like hired auto insurance. "Drive other car" coverage is wise investment for companies that use rental cars frequently.
Finally, all car insurance policy holders should be covered against those who do not comply with registration and insurance laws. It is a fact that there are many uninsured drivers out on the roads today and the smart business owner has coverage for accidents involving these drivers.
Most important is liability coverage for bodily injury. This insurance provides payment for injuries to others resulting from an incident where the small businessperson is at fault. Liability coverage can also take care of the cost of legal representation in the case of lawsuits or claims.
An umbrella type of vehicle insurance is called comprehensive car insurance. This is coverage for damages to vehicles that are not due to an actual accident. This insurance is for items like car theft, fire, and water and hail damages.
Just like the name sounds, collision vehicle insurance is there to pick up the pieces after a crash. Collision pays for damages to other cars due to a wreck and it can cover other types of crashes, like running off the road, or hitting a tree or pole or other stationary object.
Many business people today cannot operate without electronic help such as Blackberries, smart phones and GPS locators. This is particularly true for sales-oriented and delivery driven businesses and there is a specific type of vehicle insurance that covers electronic items in the business vehicles.
The electronic device insurance is specifically for equipment that is a permanent part of the vehicle, like factory installed GPS units, or electronic items that can be removed, but use some sort of a permanent mounting unit in the car. An example of this would be a satellite radio system.
Those who rely on leased vehicles and rental cars for short-term business needs should do some research on specialized coverage like hired auto insurance. "Drive other car" coverage is wise investment for companies that use rental cars frequently.
Finally, all car insurance policy holders should be covered against those who do not comply with registration and insurance laws. It is a fact that there are many uninsured drivers out on the roads today and the smart business owner has coverage for accidents involving these drivers.
About the Author:
The Finding Cheaper Car Insurance Guide was established to help people learn about car insurance.
