Page 11 - IPMA 1st Qtr. Newsletter
P. 11
Do I Need Commercial Insurance for My Truck
(Vehicle)?
--by Rick Morache
f you use your vehicle for your pest higher limits of $1,000,000. Outside of
control business, the answer is YES workers injuries, auto accidents carry the
you do. If you use your vehicle for a greatest liability exposure to you and your
Idelivery route, or a customer route, business.
then you have a commercial exposure, and Who should be on the title?
you need commercial insurance. If you The name on the vehicle title needs to
use your personal vehicle for business, the be the same name as on your insurance
insurance carrier can deny coverage when policy. If they do not match, then DMV
you file a claim. Once they find out you will be sending you notices. Fines have
use your personal vehicle for business, been paid even on simple mistakes. If you
your policy will be canceled. When you are an LLC or corporation, your vehicle/s,
have an employee, you definitely need need to be in the name of the company.
commercial insurance. Personal policies All vehicles used for company use need
generally have lower limits usually to be in the name of the company. If you
25,000/50,000 up to 100,000/300/000. still have your name on the title and not
Commercial policies generally have (Continued on page 11)
IPMA Connection • 1st Quarter, 2020 Page 11
