You are probably familiar with many types of insurance, such as auto insurance, health insurance, and life insurance. But there are many other types of insurance that are just as valuable yet not as many people are familiar with them. Commercial insurance is one of those types of insurance, and here are some key facts about it, brought to you by The Insurance Mart serving the Blue Ridge, GA area.

Definition of commercial insurance

Commercial insurance is a type of auto insurance policy. It covers vehicles that are being used for business purposes rather than for personal driving.

Who needs commercial insurance

Many types of people need commercial insurance. For example, a business with vehicles being used for business purposes, whether that amounts to one vehicle or many, needs commercial insurance. There is some gray area these days when it comes to services like car sharing and ride services like Uber, as far as what commercial insurance is needed for vehicles like that. So it is wise for people using vehicles like that to stay informed and consult a qualified local insurance company.

What commercial insurance covers

As is true for personal auto insurance, commercial insurance covers numerous things. For example, if a person is using a vehicle covered by commercial insurance and that vehicle is in an accident, the commercial insurance policy can cover that, depending of course on the specifics of that accident. Commercial insurance can also cover issues like towing and loss of use. What it covers though depends on the specifics of the individual policy.

There are many more ins and outs of commercial insurance. If you would like to get more information, please feel free to contact The Insurance Mart serving the Blue Ridge, GA area.