..any difference if I use my car for business ?

Submitted by Anonymous (not verified) on Wed, 11/01/2006 - 12:39

hi,
Of late I have decided to use my car for business purposes. So just peeped in to know if my current auto policy would be covering me even when I'm out to work !
thanks, LarsenA1

Posted: 02 Nov 2006 06:18 Post Subject: explain it to him..its better

hi! it would depend on a number of factors. It would be natural for your employer to furnish the liability insurance incase you use a company car. But if you're driving your own car while going for office works you're probably expected to carry your own insurance.
I think for that matter its always better to ask your employer whether your company would provide you with any insurance coverage on your personal car while you're at work.
hope you'd consider whatever I could come up with!
thanks, fatman

Posted: 02 Nov 2006 06:43 Post Subject: commercial auto policy!

hey..there is a possibility that you'd be getting a commercial auto policy soon. If you've decided to use this personal car in business for more than 50% of the time, or towards transporting goods you should go head and consult your insurance producer right now.
regards, Sasha T

Posted: 02 Nov 2006 09:55 Post Subject: your employer sh'd inform you..

Yes, commercial policies would certainly be a better option under these circumstances.
Believe me, most of the large employers make it necessary to maintain commercial policies for employees travelling on business.

It would certainly be an added advantage for you, since incase you had an accident you'd be able to inform both of your employer's representative as well as your own insurer. isn't it ?

Now once you do it, both these companies would be able judge who'd be paying first. I'm sure its a duty with employers who furnish cars to employees, to be able to inform in advance about the nature of the coverage they are gonna provide to an employee. And if they are genuinely innerested in the welfare of their employees they'd support their decisions with adequate documentation as well. Wish you all the very best! harold40atkins

Posted: 03 Nov 2006 01:49 Post Subject: Car used in business

Most personal auto policies will allow limited business use as long as the company has it classified correctly. Please be advised that ALL personal auto policies specifically exclude coverage for the transportation of people for money.

Posted: 08 Nov 2006 03:53 Post Subject:

This is probably another US site...but up here in Canada and probably down there, your car would still be rated by a personal lines department. If you got a larger vehicle, at least a pick up or a van, then you could transfer to a commercial lines department. The advantage - more leniency. P/L is so by the book and is usually handled by underwriters new to the industry.

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