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Whats the difference between personal insurance and commercial insurance?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 10y ago
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Is there a big cost difference between regular and Commercial Vehicle Insurance?
No, there is not much of a difference betwen the costs. Commercial auto insurance may sometimes cost more than personal auto insurance based on the size of the vehicle, but that's it.
What is the difference between a commercial and a personal auto policy?
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.
What is the difference between Business auto insurance vs personal auto insurance?
Business auto insurance coverages commercial vehicles or vehicles used for work. Personal auto insurance coverages a personal automobile that is not used for work related activities.
What is the difference between a personal lines agent and a general lines agent?
A personal lines agent deals with homeowners and auto insurance. A general lines agent deals with commercial insurance, bail bonds, life, accident, and health insurance.
What is the difference between commercial and in house project?
Commercial use is for companies, while in-house is for personal use.
What is the main difference between a commercial loan company and a personal loan company?
The main difference is that only a business can receive a commercial loan, and only an individual can receive a personal loan. Also, a commercial loan can only be used for business purposes, while a personal loan can be used for anything.
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 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
What is the difference between personal credit and business credit?
The difference between personal credit and business credit is that personal credit only applies to one person; one's self. However business credit can be applied to the employees in any company which are covered by the business insurance.
What is the difference between motor insurance and marine insurance?
difference of motor and marine insurance
What is the relation between covered services and covered conditions in private and commercial insurance plans?
It doesn't matter if it is private or commercial health insurance, but the difference is this.... Covered services are what specific procedures the insurance will pay for, regardless of what the diagnosis is. Covered conditions are what afflictions the insurance pays for and what conditions are excluded from coverage.
Who needs to buy commercial auto insurance?
Those who have a company where commercial driving is involved need to have commercial auto insurance because anything could happen on the road/highway. Also, freelance commercial drivers should have the same type of coverage even though they work for themselves. They too should have commercial auto insurance because they could very easily, accidently hit someone in a little sedan that they couldn't see on the road because they are positioned so high-up. So to cover yourself, those with the use of commercial trucks, should have commercial auto insurance. And know their is a difference between regular car insurance and commercial auto insurance. Just like their is a difference between having a CDL license and a regular driver's license.
