Why Do I Need Business Insurance For My Car?

  1. 7647 POINTS
    Mark Bartlett CLCS
    Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers
    If your car is registered in a business name you would need a business auto policy to properly insure and protect both your auto and your business. Insurance must be in the same name as registered. I see many people set up corporations and register their auto in the corporation and then try to insurance there vehicle on their personal policy. Why have a corporation at all if you want to be sued personally in the event of an accident. All you serve to do is rip down any wall of protection you were tying to build.
    Answered on January 14, 2014
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  2. 617 POINTS
    Waltere Koti
    Principal Agent, First Insurance Agency Inc, United States
    Business insurance for your car may required if your personal vehicle is registered in your business name or if the vehicle is registered in your personal name but is used for business. A case in point is people who register their vehicle in their personal name but use it to transport passengers for hire , like Uber, Lift and rest of ride sharing outfit. Almost all insurance companies will void your auto insurance when they receive notice that the vehicle use has changed from personal use to transportation for hire.
    Answered on June 18, 2015
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