By Perry Salvagne
The average consumer understands the need to carry proper insurance for his or her personal automobile, and the risks involved by not doing so, but few fully understand the potential coverage gaps that can exist for a business owner in the absence of commercial auto insurance.
Our local economy has a strong base of small businesses, many of which are owned and operated solely by the owner. Whether or not the company has employees, personal autos are often used in the daily operations of these small businesses. What few business owners understand is that your personal auto insurance policy may not cover you while being used in the course of business. Some situations may require a separate commercial auto policy, while others may simply require that a personal auto policy be amended to include