I am opening a new business in Palm Bay. I will have a vehicle for that business that only I will drive; would I need a commercial auto policy?
In general, if a vehicle is used in tasks related to the operators business operation or profession other than driving to or from work (your commute), a commercial auto policy would be necessary for that vehicle.
Tips to consider:
If you are using your vehicle to transport goods or people for a fee or if you use your vehicle to conduct a service, you may need a commercial auto insurance policy.
A commercial auto policy may be appropriate if you need higher limits of liability because of the nature of your work.
Hauling a considerable weight in tools or equipment or towing a trailer used to conduct your business may require a commercial vehicle insurance policy.
A commercial insurance policy may be needed if employees operate the vehicle or if ownership is in the name of a corporation or partnership.
Many business uses and vehicle types may be excluded from personal policies. The independent agents at Hoffman & Associates can help you determine the coverage you need based on how your vehicles are used in conducting your business and who will be driving your vehicles.
NOTE: The answers to coverage questions are primarily based on ISO forms generally used in Florida by most companies. However, please keep in mind that all companies forms are NOT necessarily the same. Some companies may provide broader coverage and some may be more restrictive. IN ALL CASES, THE CONSUMER MUST REFER TO HIS OR HER OWN POLICY FOR SPECIFIC COVERAGE INFORMATION.