Commercial or business insurance provides peace of mind for many business owners. Addressing unexpected situations, accidents, and events can be daunting without the help of commercial insurance. Few would be equipped to deal with many situations out of pocket. Our Slaughter Insurance Agency in Quinlan, TX, is committed to helping businesses understand the benefits of commercial insurance and obtain the coverage they require.
What does commercial insurance cover?
Commercial insurance typically offers financial protection from theft, property damage, liability, and medical coverage. The medical coverage is often in the form of workers’ compensation. However, other forms of coverage can be added if your business has other unique needs. Many business owners would struggle to meet their business’s financial and legal requirements if an unexpected event, accident, or situation arose.
Will my commercial insurance cover the damage to my car?
It depends. If you add commercial car insurance to your insurance policy, your car’s damage is covered. However, if you only hold a personal auto insurance policy, your commercial insurance will not cover the damage. Your personal insurance policy would not cover any damage to your car if you had an accident while using it for business purposes. Personal auto insurance only covers accidents that occur while you use your car for personal purposes. You need business auto insurance to cover any accidents or situations that occur while it’s being used for business purposes. Commercial auto insurance is designed explicitly for vehicles used for business purposes, with conditions tailored to the needs of businesses. If you have additional questions about commercial insurance, please don’t hesitate to contact us. We’d be more than happy to answer any questions you have.
