Does your Construction Company have personal titled vehicles used in your Business?
Having your Trucks or Trailers tagged – titled – registered in your personal name, BUT then listed on your Commercial Auto policy can cause issues in the event of a claim.
With new businesses it may be tough to get competitive financing or even financing at all!Eventually to pay for the Altecs, Kenworth’s or F250’s, Businessowners must use their personal name & personal credit (tag, title & registration in personal name as well)
*The reason you incorporated was to keep Personal Assets & Liabilities separate*
