cars with drivers wondering if they need commercial auto insurance in NC

Think You Don’t Need a Commercial Auto Policy in NC? Think Again.

Are you sure you don’t need a commercial auto policy? You may want to think long and hard about that one. Many people here in North Carolina think they don’t need a commercial auto policy when in reality, they are flirting with danger. Luckily, there are some easy ways to determine if you need a commercial auto policy, things you can do to get one, and ways to keep your premiums low. Let’s dive in to see where you may fall!

Do You Need a NC Commercial Auto Policy?

Let’s keep it simple to start. If you own a vehicle that is used in tasks related to your job, then you need a commercial policy. Even if you don’t drive your car for work as a general rule, you may still need a policy if you do on occasion.

Now, the type of commercial auto policy needed will depend on a few things, including:

  • Make and model of car
  • Type of transport provided
  • Services you provide in your vehicle
  • Are you using a ride share service?
  • Nature of your work
  • Weight of what you haul
  • Who else is operating your vehicle?

Clearly, there are some other details you’ll need to take into consideration as well, like the size of your fleet and the number of people who may be driving the car as well.

What Is the Difference Between Commercial and Traditional Auto Insurance?

The main difference between having a personal or traditional auto insurance policy and having a commercial policy is what kind of coverage is provided. The traditional auto policy provides enough coverage to protect you, your assets, and your family. These policies prevent financial hardship if you are involved in an accident. Commercial auto insurance providers coverage to protect you and your business from lawsuits.

One more thing to think about is ownership. If you own a vehicle, you will need a traditional and commercial insurance policy. If your business owns the car, then the vehicle definitely needs to have a commercial auto policy. It doesn’t matter if you are the only person driving your vehicle, you still need the coverage.

Is Commercial Auto Insurance A Write Off?

Before you go fitting commercial auto insurance into your budget, you should know that it is tax deductible. You will be able to deduct your vehicle-related costs as long as you can show that you use your vehicle for work and business purposes. As with anything related to taxes though, we do recommend that you speak to an accountant.

Are Employees Insured?

With many commercial auto policies, anyone who drives your vehicles on that policy will be covered under the policy’s terms. This means that anyone who is employed by you or who operates the vehicle legally will be insured.

Coverage for employees will extend to any rental vehicles they use for your business as well. However, your policy may differ, and there may be certain stipulations, so be sure to understand all the terms and agreements of your commercial auto insurance policy.

Navigating the Waters of a Commercial Auto Policy

Still aren’t sure whether or not you need a commercial auto insurance policy? That’s ok. We’re here to help! We can help you understand whether or not you need a commercial auto policy, what your personal policy would entail, and even provide a free quote. It’s always best to be well-informed about your options – let us help you get you the protection you need.

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