Reader’s Question:
I’m part-owner of a business and we are in need of a vehicle insurance that will be used for our business transportation. Is there a different type of auto insurance that we should get for our business here in Naperville, Illinois?
Darby
Naperville, IL
Anyone who has a business and needs vehicle insurance for their business transportation may think if it would be a different type of insurance than that of insurance for a personal auto. In general, business vehicle insurance is not really different. Both kinds of vehicle insurance policies would have basic coverage for collision, comprehensive, personal injury or medical coverage and liability.
If you plan to use just one automobile for your business needs and also for personal use in Naperville, Illinois, all of the aforementioned basic coverage would be required. The only real difference is that of the automobile is listed as being owned by your business rather than your name. In this case, the business name should be listed as the principal insured party on the vehicle insurance policy. This way, if you’re unlucky to be in a car crash while driving the automobile, it would be easier for all involved to sort out who owns it if the time comes for you to file the insurance claim.