Post by aryetoryn on Apr 6, 2018 7:11:01 GMT -5
Hi,
I've researched the web extensively including paid publications such as IRMI's (International Risk Management Institute's) Commercial Auto and Personal Lines manuals. I've also read both the commercial and auto personal lines policies to understand coverage intent.
I can't find any information specifically discussing the use of a commercial auto policy versus a personal auto policy.
Does anyone have compelling reasons to use a commercial auto instead of a personal auto policy for a small business? In this case, I have a service industry risk (an individual) that owns three cargo vans. The current agent has written a personal auto policy with the appropriate named insured (individual, name of business) with business use classifications. The risk does not use any vehicles larger than a van, so I'm not concerned with the owner using a flatbed truck that wouldn't be covered under the non-owned provision of the personal auto.
But, I'm stumped on why I should recommend a commercial auto policy for an individual over a personal lines policy. Any thoughts?
Any help will be apprecited.
I didn't find the right solution from the Internet.
References:
www.insurancejournal.com/forums/viewtopic.php?t=870
Cryptocurrency Explainer Video
Thank you.
I've researched the web extensively including paid publications such as IRMI's (International Risk Management Institute's) Commercial Auto and Personal Lines manuals. I've also read both the commercial and auto personal lines policies to understand coverage intent.
I can't find any information specifically discussing the use of a commercial auto policy versus a personal auto policy.
Does anyone have compelling reasons to use a commercial auto instead of a personal auto policy for a small business? In this case, I have a service industry risk (an individual) that owns three cargo vans. The current agent has written a personal auto policy with the appropriate named insured (individual, name of business) with business use classifications. The risk does not use any vehicles larger than a van, so I'm not concerned with the owner using a flatbed truck that wouldn't be covered under the non-owned provision of the personal auto.
But, I'm stumped on why I should recommend a commercial auto policy for an individual over a personal lines policy. Any thoughts?
Any help will be apprecited.
I didn't find the right solution from the Internet.
References:
www.insurancejournal.com/forums/viewtopic.php?t=870
Cryptocurrency Explainer Video
Thank you.