Will commercial insurance cover damage to my personal car if I use it for company business?

Many small business owners use their personal vehicles to conduct business transactions and activities. They also use these same vehicles in their personal lives. Determining coverage needs based on your business and personal activities can confuse business owners. Our team at Alliance Insurance Partners is focused on educating Scottsdale, AZ business owners about commercial insurance and its benefits. 

What is Commercial Insurance?

Commercial insurance is designed to protect a business, its employees, and its ownership. This form of coverage can be quite diverse depending on the business and its specific needs. All businesses have unique needs. As a result, commercial insurance policies are designed to meet the specific needs of a business. They are configured to provide coverage for a business’s assets and other vital factors.

Will commercial insurance cover damage to my personal car for company business?

Yes and no. You must purchase commercial auto insurance if you use your personal car for business. Conversely, you’ll also need auto insurance for personal use. Your commercial auto insurance will not cover personal use activities and vice versa. You must have the right insurance in place for both personal and professional use of your car. Without one or the other, you are vulnerable because commercial coverage will not cover the personal use of your vehicle. Also, personal auto insurance won’t cover your car’s commercial or business use. Call us if you have questions about commercial or business insurance and what’s covered. We’d be happy to answer all of your questions.