3 Myths About Business Owners Insurance

3 Myths About Business Owners Insurance

Carmel business owners policy coverages

When it comes to looking for Carmel business owners policy coverages, you might feel a little over your head. This is especially true if you’ve been paying attention to any of the business owner policy myths.

1. You Don’t Need Business Auto Insurance

Often, business owners try to use their personal auto insurance for their cars. When it comes to personal auto insurance, it doesn’t cover everything. In fact, if the insurance company finds out that your car suffered damages in a business related trip, you may not receive coverage.

2. You Don’t Need Property Insurance

Many people believe that if you work at your client’s location then you don’t need property insurance. Say that on a job site, you make a mistake that leads to damage on your client’s property. You are liable for that damage.

3. You Only Need a Personal Umbrella Policy

This is a dangerous misconception. Many people believe that an umbrella policy will cover everything. Unfortunately, it has limitations and exclusions. The best course of action is to find out what your umbrella policy covers and find out what else you need.

Knowing the myths around business owners insurance will help you understand what you need. It will also make the search for the right Carmel business owners policy coverages easier.