The other day I got a horrible phone call. One of my clients is in the middle of a messy claim on their home insurance policy. My work for this client has been on his company. I had offered to review his personal insurance. He never took me up on that offer. Now he is having a problem. I never want to get a call like this … [Read more...]
Business Car or Personal Car
February 26, 2010
I was recently asked about the issues with insuring a personal vehicle on a business auto policy. Here's what I said:The name on the title/lease should be the name on the insurance policy.A personal auto policy is for a person.A business auto policy is for a business (corp, LLC, partnership...).Messing with any of the above is asking for insurance … [Read more...]
Personal Use of A Business Auto
February 1, 2010
If you provide a car to an employee who does not own a car insured by a personal auto policy, that employee has an insurance problem.Under a personal auto policy coverage is extended to protect the insured when she is driving a friend or neighbor's car - or any non-owned vehicle.That coverage is not provided on a commercial auto policy.Talk with … [Read more...]
Livery and Your Personal Auto Policy
January 19, 2010
Livery is carrying goods or people for a fee. There are insurance coverage issues to consider when a business uses a personal vehicle owned by an employee. Most personal auto policies exclude coverage when the vehicle is used for livery. The purpose of the exclusion is to remove coverage for a vehicle held out to the public as being for hire - a … [Read more...]
