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Monday, February 8, 2010

Home Based Business Insurance Auto Coverage May Need To Be Different Than Your Personal Auto Insurance

Because a home based business is located in your home it might not lead you to consider that your home based insurance auto policy might not be the right one for your business needs. If a car is used for business purposes, a personal policy may not be sufficient home based business insurance auto coverage. Anyone who owns his or her own business knows that finding self-employed or home based business insurance auto could require some serious work and effort.

Being self-employed means that you may have to have a rider attached to your existing policy to make it acceptable as a home based business insurance auto policy. Consulting with an insurance agent can help you to determine if additional coverage or a change in coverage is needed due to your home based business needs.

If you are self-employed at home but still use a vehicle that is considered to be a �company car�, there is no way around getting a commercial auto policy to have adequate home based business insurance auto coverage. If you are the only one to use the vehicle, it is a basic policy but if employees use the car as well it is important to talk to your insurance agent about your options.

If employees use a car, home based business insurance auto policies will need to have a hired and �non-owned� policy for the right kind of protection. This policy will protect employees if they get into an accident using the company car as well as your business from any other parties that are involved.

If you decide your home based business insurance auto policy needs to be a commercial auto policy, there are a few things that have to be covered as well as other things that are simply good to have. Unfortunately, the more protection you place on a vehicle, the more expensive it becomes.

The one factor that is very important in any commercial home based business insurance auto policy is liability. Liability is usually looked at in two different sections, which are property damage and bodily injury.

There are a few things you can do to keep your home based business insurance auto costs down. Compare quotes, raise deductibles and drop collision when looking at home based business insurance auto quotes.

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