2014
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Automobile Insurance

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1. When an employee or a subcontractor uses a vehicle on your behalf you can be legally liable even though you don't own the vehicle. _____ _____
2. Five or more automobiles or motorcycles under one ownership and operated as a fleet for business purposes can generally be insured under a low-cost fleet policy against both material damage to the vehicles and liability to others for property damage or bodily injury. _____ _____
3. You can often get deductibles at varying levels and thereby reduce your premiums accordingly. _____ _____
4. Medical payments under automobile insurance cover medical claims including your own arising from automobile accidents regardless of the question of negligence. _____ _____
5. In most states you must carry liability insurance or be prepared to provide other proof (such as a surety bond) of financial responsibility when you are involved in an accident. _____ _____
6. You can purchase uninsured motorist protection to cover your own injury claims from someone who has no insurance. _____ _____
7. Personal property stored in an automobile and not attached to it (for example merchandise being delivered) is not covered under an automobile policy. _____ _____

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This article is reprinted by permission of the SBA and The Travelers, Hartford, Connecticut.
For more information on SBA programs go to www.sba.gov




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