Commercial motor insurance is a type of business insurance that covers the owner of a vehicle against damage or injury caused by their car.
If you're running a business, it's important to have commercial motor insurance. Here are four indicators that your business needs commercial motor insurance in Australia.
1. Employees Use Their Own Cars For Work Purposes
Some Australian businesses allow their employees to use their own personal cars when they're on the job — if they're carrying out deliveries or attending meetings in their own vehicles while they're working on company time.
Insurance is a crucial investment irrespective of the scope of your business or the industry that you are in. Nonetheless, when you start your small enterprise, you are likely focusing on how to protect your business's assets and safeguard yourself from liability and not paying close attention to the degree of protection you are offering your employees, even if you only have one employee. And what happens if you are a one-person operation such as a tradie or a freelancer?
When it comes to running a small business, office insurance is something that is very important. A good, comprehensive office insurance policy will cover your office-based business for most eventualities and mishaps that you can expect to occur from time-to-time, such as damage to office contents, theft of property, business interruption, public and employer's liability.
However, there are a few pitfalls that you should be aware of in order to ensure that your insurance company pays out in the event that you have to make a claim on your office insurance.