The insurance professionals at Johnsen Insurance in Baraboo, WI can help explain that commercial insurance differs from business insurance mainly due to the presence of a fleet. A business such as a mobile pet grooming service might carry only such insurance as pertains to that business.
Commercial business insurance covers different types of vehicles such as gravel trucks and delivery trucks using more than six wheels (picture a grocery store home delivery truck.) The requirements for each type of insurance differ – we can assist you with each of these.
The Basics Of Commercial/Business Insurance
Since they both cover the same things, most people use the terms interchangeably. The goal is to cover injuries and defective products, along with fire, flood, and the vagaries of weather. Both offer liability, workers’ compensation, and property insurance. Where do they differ?
Business Vehicles Insurance
If you operate a business with a sales team, that would fall under business insurance. Perhaps you own a carpet cleaning company with specialized equipment on your trucks. You’d need commercial insurance. Which type is right for you?
A fleet of cars or a fleet of pickup trucks or vans constitutes “regular traffic” users. As such, they require simple business insurance in order to protect the company from accidents and injuries. A sole operator using a car for his company can still be covered by business vehicle insurance.
This is more expensive due to the vehicles being bigger and the possibility of bigger accidents. Your vehicles might transport people, equipment, or tools for a variety of reasons and businesses. Your vehicles will be larger than those needed for a business fleet. Commercial insurance was designed to protect the vehicle as well as the people.
Call Johnsen Insurance in Baraboo, WI to learn more – we are happy to help.