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Texas Small Business Car Insurance

For business owners in Texas, small business car insurance is a must. Liabilities can arise from many different situations and if you use your car for business purposes, then appropriate car insurance for your TX small business is necessary. As you look for small business car insurance in Texas, be sure to mention that your vehicle is being used for business and know how much of the mileage is for that purpose.

It will usually cost more and have higher limits, however the peace of mind that comes with it is very important.  In Texas, small business car insurance is something a businessperson can simply not do without.

Texas Small Business Car Insurance: Policies

Typically, if you have regular personal car insurance, it is necessary to inform the insurer of your business use. If the vehicle is your personal one also and you do limited business-related activities with it, then you may be okay with keeping your personal insurance.

However, usually when there is business use, it means the car will get more use and need higher limits of coverage. You should take out the highest limits of coverage that you can afford if your vehicle is used substantially for business.

You can ask for a business policy if your car is mostly used for business purposes. The policy will need to be in the name of the small business, if the car is owned by the business. With a business policy, all employees, the owners of any borrowed cars and anyone with permission to use the vehicle will be automatically covered.

One of the added benefits from having small business car insurance is that you will receive compensation from the loss of income due to the car being unusable following a covered loss, something that does not come from regular car insurance. Business insurance will cover the following.

  1. Liability: This will pay for the other party’s expenses for bodily injury and property damage if you are found to be at-fault.
  2. Collision: This will cover repairing or replacing your vehicle if it is involved in an impact, where you are at fault.
  3. Comprehensive: This covers your vehicle for things like theft, fire, vandalism and glass breakage in the course of business.
  4. Uninsured Motorist: This will cover your expenses if you, or an employee, are involved in a car accident with someone who does not have coverage at all.
  5. Non-owned / Rented Vehicle: If you or an employee rent or borrow a car in order to do business, then your business insurance policy will transfer coverage to that vehicle.

Texas Small Business Car Insurance: Commercial Auto Policies

If you are a small business with at least 5 cars, you are considered to have a “fleet”. Therefore you can get volume discounts and special rates that are specifically for commercial auto insurance. Commercial insurance will cover you for losses that arise involving the use of your cars, in the course of doing your business, and typically include:

  1. Liability for property damage
  2. Liability for bodily injury
  3. Legal fees
  4. Court costs
  5. Liability for rental and borrowed vehicles
  6. Coverage for employees who use their own vehicles for work purposes
  7. Collision and comprehensive coverage, if you elect to put them on the policy

Many different kinds of vehicles can be covered under “fleet” policies and include:

  1. Cars
  2. Taxis
  3. Trucks
  4. Limousines
  5. Buses
  6. Delivery vans
  7. Other types of motorized “vehicles”

Texas Small Business Auto Insurance: Umbrella Policy

Often recommended to small business owners is an umbrella policy. This is an extra type of liability insurance coverage over and above the existing policies you have in place to cover cars and general liability. It will protect you in case the limits under other policies have been met. Because it is a secondary insurance, you must have certain limits in place already for liability under your auto and business insurance.

Texas Small Business Car Insurance: Get A Quote Now!

Once you get the information you need about Texas small business car insurance and have determined what would best meet your company’s needs, use our quote tool to get quick and easy rates. By returning to the box at the top of this page and entering your zip code, you will be on your way to getting multiple quotes on theTexas auto insurance coverage you need!

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