Commercial Auto Vs. Personal Auto Insurance (NAPSA)—Whether your company owns andoperates a fleet of pickup trucks for plowing snow or a single car to make business trips, the reality is many businesses use the same vehicle for business and personal reasons. But not all business use requires a commercial auto insurance policy. So how do you know which you need? Factors to Consider Since every business is unique and each insurance company uses different standards, it’s a good idea to consult a professional business insurance agent. Some of the variables that can help you determine if your business requires a commercial auto insurance policy include: Numberof vehicles owned eWho’s driving the vehicle(s)— if you needto list other employees as drivers, you need commercial insurance eHow often the vehicle(s) is (are) used for commercial purposes—talk to your agent about whatis defined as “business use” e Type andsize of vehicle(s) e Registration—if the vehicle(s) is (are) registered in the nameof the business, you need commercial insurance. For example, you own a small dry-cleaning business and own two vans that your employees use five days a week to pick up and drop off your customers’ orders. You sometimes use the van to run errandsor grab lunch, but they are primarily used for business purposes. Thetitle of both vans is in the name of your business. If like many business owners you use the same vehicles for per- sonal and business use, there are a few things you should know about insurance. So what do you think—does the dry-cleaning owner need personal or commercial auto insurance? If you guessed commercial auto insurance, you guessedright. Safeguard Your Vehicles Similar to personal auto insurance, a commercial auto policy will likely include a combination of bodily injury, property damage, collision and comprehensive coverage, including: Vehicle repair or replacement after an accident e Damage caused by theft, vandalism or inclement weather Property damage expenses Injury or damageto others Medical bills. Also, if your company’s vehicle is involved in an incident that causes damage to someone's property or gets in an accident with another car, driver, passenger or pedestrian, commercial auto insurance would offset related costs. Get Further Advice Visit www.wellsfargo.com/ insurance to learn more.
