If your employer gives you a car to make use of for both business and private use, then it’s important to pay a tax primarily based on the use of the automobile. If the car is just not a typical automotive or is a specialised vehicle that will not normally be used personally, you will want to buy a commercial coverage. For instance: If you obtain your personal auto coverage in California, your minimal legal responsibility limits are $15,000 for damage legal responsibility for one individual, $30,000 for all accidents and $5,000 for property injury in an accident (15/30/5). The next stage of business automobile insurance typically covers the policyholder and a named driver who makes use of the automotive to travel between totally different websites.
Any time a person drives to a meeting, property or a home or business for a potential sale, they are using their automotive for functions that represent enterprise. Make certain you might be coping with a well-qualified independent insurance coverage agent who understands your wants and has expertise in dealing with both business auto and private auto insurance coverage issues. To the auto insurance companies, there’s a huge difference between personal use and business … Read More