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ford mustangThe IRS has an exact system for deciding whether or not a vehicle is used for business and, therefore, is eligible for tax deductions for operating costs. Their criteria contain using the car to move from one job or customer to another, or using the vehicle to drive from your company office to any location with the intention of completing a business-related task.

Whether or not you decide to take the IRS up on their opportunities for deductions, however, is not what we want to discuss. IRS guidelines are also a great way to consider whether or not you need commercial auto insurance on your vehicle—because if you make use of your car for any of the IRS-sanctioned scenarios, then your insurer may reject claims from accidents that take place during this use unless you have commercial auto insurance.

But if you mostly use your vehicle for personal errands and events, then you also need personal coverage for those journeys you make that are not business related.  Fortunately, a lot of commercial policies will cover both business and personal use of a vehicle as long as you plainly outline the extent of use for each purpose, name the driver(s) covered and select the Drive Other Car endorsement.*


Skipping out on commercial auto insurance coverage purely because you only use your personal vehicle for business purposes a small part of the entire time you spend driving, is an unnecessarily risky move. Instead, get the proper coverage for both personal and business use of your car and drive with the knowledge that you’re covered no matter what your reasons for driving are.


*If you aren’t able to provide a separate, personal-driving-only car for your family to drive, you should speak to your agent about adding their names to the endorsement as well.

For more information about Ohio business insurance, call us at 740-467-2040 today!

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NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by Tom Jones Insurance to provide information that may be of interest. Tom Jones Insurance is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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