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What is the difference between a commercial and a personal auto policy?
Wiki User
∙ 10y ago
The difference between a commercial and a personal auto policy is that personal auto policies are designed to cover one person or a family while commercial auto insurance is designed to cover an entire business. The policies, terms and conditions of these policies are very different. You can learn more about the differences of the policies online at the Car Insurance Comparison website.
Wiki User
∙ 10y ago
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Whats the difference between personal insurance and commercial insurance?
There is really no difference. It's just a difference in the terms used. Both are actually a commercial automobile insurance policy. One company may call it business and the other may call it commercial but it's exactly the same thing.
Can your personal umbrella policy cover you if your business is sued?
No, a personal umbrella policy generally excludes all business and business exposure. A personal umbrella protects an individual. If your business is insured with a business/commercial policy to protect the business it would be a commercial umbrella.
What is the difference between Personal Auto Insurance and Business Auto Insurance?
Personal auto insurance is a policy to protect you and your family individually. A business auto policy will cover commercial vehicles and your employees using there vehicles while working if you choose. A business auto policy is more ala cart where you can add or subtract coverages as needed.For useful information look at http:/www.quotematcher.com/blog
Does operating unsafe commercial vehicle go against your personal insurance?
Your personal auto would not cover a commercial vehicle. They have to have a separate policy.
Does a company owned vehicle have to have commercial insurance?
It might. You should check with your personal auto insurance first. For some business use they will extend the coverage. If they tell you that it will not be covered under your personal policy then you need a commercial policy.
Is there a difference between tenants policy insurance and renters insurance?
They are both the same thing. They cover your personal belongings and liabilty protection.
What is the difference between policy and guidelines?
the basic difference between policy and guideline is the policy is rules for whole org. and guideline is rule for execution of some work.
Will your car be covered by your employers insurance if you have an accident using your own car for them?
Generally no, and it could get a little interesting if you are running errands for your employer. Your personal auto insurance policy does not cover commercial use. You need a commercial lines policy, not personal lines.
What is the difference between policy and practice in human resource?
Yes, there is difference between policy and practice. A policy is rules, regulations and procedures that you should follow within a practice.
How do you get a commercial policy?
There are various kinds of commercial policies, like there are various kinds of personal policies. The big difference is that commercial lines coverage applies to business-related risks. The mechanism of obtaining commercial coverage starts with seeking an agent or broker that specializes in commercial lines coverage; it is vastly different from personal lines, so you will want someone skilled in the area. Whatever you do, make sure that the insurer is authorized to transact the kind of insurance that you are buying in the state where the policy will be issued. Also make sure that the agent is not only experienced in commercial lines coverage, but is licensed in the state where he/she does business.
What is the difference between policy and policy statement?
Policy statement is what you say you are going to do. Policy is what you do, which should be in line with the policy statement.
What is non standard commercial risk?
distinguish between a "standard" commercial risk and a "non standard" commercial risk in a fire policy
