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Group auto insurance is becoming the way for companies to finance their car insurance in a much more affordable way. Companies that offer their employees use of a company car are the most common subscribers. Group auto insurance is usually used for government insurance, private company insurance and even organizations or civic groups.
Group auto insurance is "buying in bulk" and we all know buying in bulk usually results in a cheaper price. The larger the group and the more members that are enrolled the bigger the discount on the premium.
Group auto insurance lets you come and go as you please. There are no mandatory terms. If you are on the insurance for a few months and decide it's not for you, you can change plans without penalty. This allows great flexibility for its members.
Flexible payments are another benefit of group auto insurance. Everyone that signs up for the group auto insurance policy does not have to pay the same way. You can pick the payment that works for you, annual payments, bi annual payments etc.
Group car insurance is a great way for a company to get maximum benefits at efficient costs for their auto insurance needs.
Small business car insurance policies cover the automobiles of employees who use their own cars for business purposes IF the business owner purchases non-owned liability coverage.
Business owners can also select optional non-owned physical damage coverage to cover repairs to the employees' automobiles; however, the employees' personal auto insurance is still the primary coverage for damage to their cars. Shopping for an car insurance company online helps businesses find the auto insurance carrier best suited to their particular industry.
When purchasing car insurance for your business, chose an auto insurance company that offers a rate for virtually any type of driver.
Consider the variety of vehicles that your business uses and make sure the car insurance company has coverage that fits each vehicle type.
As a business owner or manager, you might choose a small business insurance company that specializes in your specific industry.
Small business car insurance policies offer a range of coverage options that cater to the needs of both business owners and their employees.
Business auto insurance options includes:
* Liability coverage
* Comprehensive coverage
* Collision coverage
* Rental car reimbursement
Businesses can also elect to purchase non-owned liability coverage and non-owned physical damage cover (to cover employees who use their personal autos for business).
If you are a business owner you will need to have a specific insurance that covers your vehicles with business car insurance. Many individuals believe their cars are covered by regular car insurance, but if you use your vehicle for deliveries or for any aspect of your business you must have business insurance on it. The reason for the specific insurance is due to having an accident while you or one of your employees are driving for your business, if this is not specified and it is only covered by your regular vehicle insurance you may not be covered in case of an accident.
In some states you may have the option of adding your business insurance to your existing policy that you have with your vehicles and your home, but this will have specific instructions to be used for your business.
For state specifics and information for your situation you will want to check with your personal agent to be certain about any discounts that you may qualify for and what is needed for your business car insurance needs.
If you use your car for business purposes, you need business car insurance. Unlike regular auto insurance coverage, car insurance for business will cover your car accident if you are using your car for business purposes.
There are two ways to cover your car for business purposes: