A no-fault insurance state, Michigan has strict regulations before one can finally and legally drive a vehicle. This rule has been established in 1973, designed to provide benefits to the injured party whenever an automobile accident occurs. Ensuring timely payments to the damaged party, this law has also been based on the reduction of the expenditures from lawsuits as compared to insurance companies. Drivers have their own benefit from this plan, but how about the need for Michigan commercial auto insurance?
As a supplementary plan for auto insurance, commercial auto insurance Michigan is generally acquired by business owners who use their vehicles to transport their produce from one place to another. Insurance by Frost states that this is a tricky type of insurance, for the use of the vehicles can be determined from a case to case basis. Bigger companies will definitely have to apply for Michigan commercial auto insurance. However, this could become a confusing topic for smaller labels and private citizens who uses their cars in order to gain revenue.
If driving is a regular part of your job, then your company should furnish you with commercial auto insurance. However, if the car is of your own and you are working under your brand, then you may be able to get away with the commercial aspect of the auto insurance, as the Michigan based brand says. Offering the two types of insurance, among many other ranges, Insurance by Frost (http://www.InsuranceByFrost.com) welcomes curious customers who wants to know which category will their Michigan auto insurance fits in.
Commercial auto insurance Michigan takes the heavier end of this regulation, as companies handle bigger responsibilities than personal drivers. While the coverage and the services may still be the same, those who are in business should acquire this specific kind of policy in order to abide with the Michigan state rule. Frost, Remer, & Mercure Financial Services explains this further in their page, https://insurancebyfrost.com/commercial-auto-insurance/.
Leave a Reply