Hi,
I have a small business, an LLC, and leased my new car on the name of the LLC. But the auto insurance is still on my name and added the business name as an additional insured. Would like to know a bit more for clarity and avoid potential issues:
Is it ok to have auto insurance on the my personal name and LLC as an additional insured?
Or the LLC should be the main insured? Does the policy cost more to buy on business name?
Appreciate your inputs and experiences. Thanks in advance.
Sai
Source of insurance-forums.net
I have a small business, an LLC, and leased my new car on the name of the LLC. But the auto insurance is still on my name and added the business name as an additional insured. Would like to know a bit more for clarity and avoid potential issues:
Is it ok to have auto insurance on the my personal name and LLC as an additional insured?
Or the LLC should be the main insured? Does the policy cost more to buy on business name?
Appreciate your inputs and experiences. Thanks in advance.
Sai
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