We often find business owners paying for Personal Injury Protection coverage under their business auto policy when all vehicles are being driven by company employees who are covered by Worker's Compensation insurance. This is a duplication of coverage and should be avoided. One client in Houston, Texas was paying $2,545 per year for the PIP[Personal Injury Protection] coverage. When shown the duplication aspect of having both he elected to immediately drop the PIP coverage.
Many times, not always , insurance agents simply copy the previous agent's coverage when writing a businesses account. Watch this carefully business owners and you will save money in most situations.
Questions about your coverage? Contact The Insurance Advocate-Serving the consumer since 1993.
Saturday, February 16, 2008
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