But as some of these businesses grew, purchased inventory and equipment, and even hired employees, they may have outgrown a personal policy.

But let us consider the first issue. Have you told your insurer you use your car for business? If not, you could be taking a big risk as your personal policy may not have coverage limits that are adequate, or you may actually be violating your policy.

Mileage limits could be too low. If you covered your car when you just use to use it to shop for groceries or ferry kids to soccer games you may be exceeding the mileage estimates you declared when you filled out your initial application.

Do employees use the car, or do you expect them to use their own cars for work? You really should address your coverage if other people, not named in your policy, use your vehicle to perform your company business.

Of course, you think about damage to vehicles. Your car, and other cars, could be damaged in a wreck. But personal injury liability insurance may be a bigger issue. If you let others drive your car, or if you pick up passengers, you should be particularly concerned about commercial vehicle insurance.

What do you carry in your car? If you transport inventory or supplies, you are risking loss through damage or theft if they are not properly covered. Many small businesses really cannot afford to replace these items. Proper business car insurance can minimize risk in case of an acciden or theft.

Be aware that the lack of proper business vehicle coverage can put your own business at risk.

Learn more about Commercial Vehicle Policies .