Businesses face somewhat different problems than private car owners when it comes to purchasing vehicle insurance. Most car owners know that agents routinely ask the question about how the car will be used. They always want to know if it will be used for business because it adds more risk to the insurer. Business need… Continue reading 5 Tips when Insuring a Business Vehicle
There is a big difference between a commercial auto insurance and a personal auto policy. Do not think that you can use one in lieu of the other. You need a commercial auto insurance if you are driving your car for business pursuits. If you own a business regardless of size, you should buy liability auto coverage. This is a legal requirement that you must comply with, particularly if you have to use a vehicle or several vehicles to carry on your business operations.
BY SHAWN MOYNIHAN, CATERINA PONTORIERO Photo: Ben Pipe This past July, National Underwriter Property & Casualty‘sEditor-in-Chief Shawn Moynihan and Associate Online Features Editor Caterina Pontoriero traveled to the storied Lloyd’s of London for an exclusive tour of the market’s building and inner workings. We went with one simple goal: To give insurance professionals an inside look at what Lloyd’s of… Continue reading Inside Lloyd’s: Demystifying the inner workings of the world’s most famous insurance market