Running a Small Business?
Check Your Insurance

Unfortunately, many small businesses fail when it comes to proper small business insurance coverages. If you own a small business or are thinking of starting a small business, here are some things you need to know when it comes to insurance for small business.

When Is Commercial Auto Insurance Required?

Florida law requires business owners to have commercial automobile insurance under the following circumstances:

• Commercial automobile coverage is required for businesses that own, lease or operate a motor vehicle.

Commercial Automobile Coverage

If your business owns, leases or operates motor vehicles, you must obtain commercial automobile coverage. Coverage requirements and options vary. The commercial automobile insurance specialists at A.C. Insurance can help you determine what types of coverage you need.

A.C. Insurance helpful commercial auto insurance specialists will help you with your city and county government requirements. The U.S. Department of Transportation and state government offices can also assist you with these requirements.

What Is Commercial Motor Vehicle Coverage?

Commercial motor vehicle coverage is similar to the auto insurance most people carry on their personal cars. Most policies include property coverage for your vehicle, as well as liability coverage for damage caused by an employee driving a company vehicle.

What Does Commercial Motor Vehicle Coverage Cover?

If you are using your personal automobile for business purposes, you may not be covered, as the rules and guidelines are different for each insurance company. Review the business use of your personal vehicle with your insurance agent to be sure you are covered.

You can purchase commercial motor vehicle coverage from a licensed insurance agent, or you can self-insure your vehicles. For more information on self insurance, contact the Florida Department of Highway Safety and Motor Vehicles, Division of Financial Responsibility, Neil Kirkman Building, 2900 Apalachee Parkway, Tallahassee, FL, 32399-0500, or call (850) 617-2000.