When you insure a vehicle that you use for business purposes, make sure that you insure it under an authentic commercial auto insurance policy. A personal auto insurance policy will not cover many business uses of an automobile, and if you make a commercial auto insurance related claim that is not covered on your personal policy it will be denied. Therefore, when you buy or lease a car for business use, contact a commercial auto insurance broker if your general business insurance broker or provider cannot assist you with your commercial auto insurance needs.
Auto insurance serves many purposes. It protects other people should you cause an accident. Your liability insurance would, in most states, pay for the damages to their property and their medical bills. However, it is also intended to protect you. Collision insurance would pay to repair the damages to your car in an accident. Comprehensive coverage is designed to protect you from other events such as vandalism and theft. Finally, insurance is designed to protect your other assets should there be a lawsuit. You should ideally carry levels high enough to protect all of your assets in the event that you are sued after an accident.
Commercial vehicle insurance is considerably more expensive than the premiums for a personal vehicle. With a commercial vehicle, the risk (to the business) is far greater; there is more to be lost. Depending on the vehicles themselves, there is additional risk. A huge delivery truck stands to do more damage than a two-door hatchback. The nature of the business, the size of the fleet and other factors are considered when writing a commercial policy.
I would think so. Renter's insurance covers your personal property (clothing, furniture, any personal effects not used for business purposes) as well as providing liability coverage for you in the event you are liable for property damage or bodily injury to another. Where you rent should have little bearing on getting coverage.
A Business owners package policy should cover your studio for some property and the liability of your product and premesis. You might need to add on property coverage for your products if they are expensive or you maintain a lot of inventory and I would be careful about how you value it for insurance purposes. If your business has employees you need work comp, if you have vehicles for the business you need to get commercial auto insurance.
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