Are you a cabinet maker, electrician, flooring installer, or other skilled worker with your own business? As a self-employed contractor, you probably use your vehicle at times to conduct your business. Do you have sufficient coverage for the risks involved with your job? Let’s take a look at a possible scenario to get an idea of how commercial auto insurance might be a smart choice for you.
Brady found a great opportunity to build his own business by using his heavy-duty power washer to clean decks. He had purchased the washer to use on his own property, but word quickly spread through friends and neighbors. Before Brady realized it, a profitable business had been born. Brady had a small truck with a trailer that he used for both personal and company work. One sweltering afternoon, Brady was cruising through town on his way to a customer’s home when his trailer came loose, crashing into the car behind him. Three people in the vehicle behind him were injured, and the car was totaled. Brady was shocked to discover that his personal auto insurance didn’t cover much at all of the damages incurred. The insurer finally agreed to pay up to the policy limit, but Brady faced a lawsuit against his business that ended with devastating results.