Do You Need Commercial Auto Insurance for Your At-Home Business?

Winston-Salem NC car insurance
Auto Insurance
October 18, 2022

If you have a car or truck that you use for your at-home business, a smart way to steer clear of the cost of damages is by getting commercial auto insurance. It covers the cost of bills and expenses if your business-owned automobile is involved in an accident. Furthermore, it is required for work vehicles in North Carolina.

Any North Carolina company (large or small) that uses a vehicle for business purposes must have it fully insured. Whether you own delivery trucks, food trucks, semi-trucks, a fleet of company cars or a landscaping pickup, it is essential to have them insured to protect your business.

But what if you operate a small business out of your home? Do you need a commercial insurance policy to cover your vehicle? Here are a few things to consider:

What Does Commercial Auto Insurance Cover?

Suppose you have an at-home business where you make and deliver products to customers. One day you’re out on a large delivery of products and you get into an accident. The accident isn’t your fault but your vehicle and your products are damaged. Unfortunately, the other driver does not have enough coverage to compensate you for the loss of your products. If you don’t have a commercial auto insurance plan, you may have to either pay for the difference out of pocket or sue the other driver. A commercial plan can cover you completely.

In addition to coverage for medical and vehicle repair costs from accidents, here are some other things that a commercial auto insurance policy will cover:

● Theft

Extended coverage will reimburse you if your vehicle is stolen. If, for example, someone steals your work vehicle from outside your house or garage area, your commercial coverage will reimburse you for the loss of the vehicle plus the contents.

● Uninsured or Underinsured Driver

If you’re in an accident that is not your fault but the guilty party either doesn’t have insurance or doesn’t have enough coverage to pay for all damage, your commercial auto insurance can make up the difference.

● Vehicle Damage

North Carolina frequently gets strong summer storms and even tornadoes. For example, remember the strong storms Raleigh had back in March 2022? Those blew down trees, damaged buildings, and knocked down power lines. Storms like that can also drop large hail. Commercial auto insurance will cover you if your work vehicle is damaged. It will also cover acts of vandalism.

● Accountability

Say, for example, you get into an accident, which is your fault. The other party could potentially sue you and your at-home business. Your commercial auto insurance will make sure you and your assets are protected.

In Conclusion

Superior Insurance has 2 offices in Raleigh and 2 in Durham, NC. The owners and their agents live right here in the RTP area of North Carolina. They know the community and the environment and can recommend the best insurance policy for your commercial vehicle (car or truck) to protect your at-home business without breaking your budget. Call them today for a no obligation quote or a review of your current commercial policy.