Small business owners are obligated to meet their company’s legal and contractual obligations and cover business risks they assume. The type and amount of commercial insurance you carry should match your obligations and fit your willingness to take risks. Unfortunately, some small business owners carry appropriate commercial insurance except for their vehicle use, which they assume is covered by their personal auto policy. The Presley Insurance Group team, serving the Dallas, TX market, will help you design the commercial and commercial vehicle insurance plan that suits your needs.
Commercial and Commercial Vehicle Insurance
Texas small businesses have varying commercial insurance needs that depend on their industry, number of employees, and use of motor vehicles. Whether they recognize it or not, nearly every Texas business uses motor vehicles.
Small business owners sometimes do not obtain commercial vehicle insurance, thinking their personal policy will cover their business. However, private policies do not cover vehicles:
– Owned or leased by a business
– Used to transport work-related tools and products
– Driven for business purposes such as making deliveries or taking employees or clients to a business lunch
If an accident results in a substantial claim, the insurance company investigation may determine that your personal policy does not apply to a business-related accident. Also, personal policies generally have lower liability limits than commercial vehicle policies, so discussing your situation with your agent to ensure you protect yourself and your business against unnecessary risk is best.
Working with the Presley Insurance Group
Presley Insurance Group proudly serves the private and business communities of Dallas, TX. Let us apply our commercial insurance experience to structure policies that fit your needs. Call (214) 888-0730 or stop in today to discuss your commercial insurance options.
