Is commercial auto insurance required for a home-based business?

If you’re currently in the process of starting a home-based business, the topic of auto insurance is probably the furthest thing from your mind. Chances are, you’ve owned a car with a personal insurance policy for several years and haven’t thought about changing your policy.

However, it is important to remember that even occasional business outings may require a business insurance policy, depending on the regulations in your jurisdiction. Generally speaking, even a home-based businessman who uses his vehicle for commercial transportation more than once a week should consider getting a commercial grade policy.

After all, if your car is involved in an accident and the back seat is full of office supplies, chances are good that your insurance company is asking you some pretty awkward questions.

Getting in trouble with your insurance company is exactly the kind of distraction you don’t need when you’re trying to run a business. Ultimately, paying the extra premium might well be worth it to avoid additional worry and hassle.

The only way to know for sure whether or not you need a commercial grade policy is to consult an insurance agent or broker in your area and determine the exact rules and regulations in your state or province.

If you happen to need a commercial plan, it’s best to shop around and compare quotes from several different insurance providers. That way, you can be absolutely sure you’re getting the best deal, and you may actually be surprised by the policies available.