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Discussion in 'Business Operations' started by STRINGALATION, Mar 3, 2008.
qick question. does you company vehicle need seperate insurance from the business insurance.
Yes you need business liability, and then seperate insurance on teh veichle. like i pay 550 a year for 1million in liability and then i pay 189.00 a month for my trucks business insurance.
Some companies will allow a business use on a personal policy .They usually restrict the use of signs and employee drivers. However, the commercial policy, with propertitling of hte truck makes for one hell of a deduction. I don't know how much gas costs where you live but I use the mileage deduction to the max. Seperating your truck from you personally makes it easier and reduces your personal liability.
good to know, thanks