Drive Your Business Forward, not Backwards: Insurance Tips for Utilizing Your Vehicle for Business Errands

April 19, 2023

Jennifer Lindsay, of Goosehead Insurance, explains how to properly insure your vehicle to protect your assets.

As a business owner, do you use your personally owned car for business or occasional business errands? It is important to understand the implications of using your personal car for business purposes. While it may seem like an easy solution, it can also have serious consequences if not handled properly.


One of the main concerns is the issue of liability. If you are using your personal car for business purposes and are involved in an accident, you may be held personally liable for any damages or injuries that occur. This means that, for a business exposure, your personal assets could be at risk if you are found to be at fault.


To avoid this risk, it is recommended that you obtain commercial auto insurance for any vehicles used for business purposes. This type of insurance is specifically designed to cover the unique risks associated with using a vehicle for business purposes. Another option may be to add non-owned auto liability coverage, to cover your personally owned auto, to your business’s general liability policy.

Another important consideration is the impact on your personal car insurance policy. If you use your personal car for business purposes without disclosing it to your insurance company, your policy may not cover any damages or injuries that occur while using your car for business purposes. This could result in significant out-of-pocket expenses if you are involved in an accident.


To avoid this issue, it is important to disclose any business use of your personal car to your insurance agent or company to ensure that you have appropriate coverage in place.


Overall, while using your personal car for business purposes may seem like a convenient solution, it is important to understand the potential risks and take appropriate steps to protect yourself and your business. By obtaining commercial auto insurance and disclosing any business use of your personal car to your insurance company, you can help ensure that you are adequately protected in the event of a vehicle accident or other liability.



Insurance questions? Contact Jennifer by clicking here

5 Tips For Businesses To Save On Their Energy Bill

By Andrew Sandglass • March 27, 2025
Let us help your business save!

A Message From Our President

March 10, 2025
As businesses continue their budgeting process throughout 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland energy markets. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs across Montgomery County, Prince George's County, Baltimore County, Ann Arundel County and towns all across the east coast. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of commercial energy solutions to reduce consumption and control costs. These procurement strategies can offer significant business energy savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors , where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive and we've made a profound impact on local businesses up and down the east coast and beyond. See below for an example of where our clients are being serviced.  Best,

Electric Advisors Earns Montgomery County Green Business Certification

March 6, 2025
Electric Advisors, Inc. is proud to announce that we are now a Montgomery County Certified Green Business! We are also proud to share that we have recently received silver level recognition, after reaching bronze just a short number of months ago. This achievement reflects our commitment to reducing our impact on the environment and actively integrating sustainable practices into our daily operations. The program, operated in partnership with Bethesda Green and the Montgomery County Department of Environmental Protection, encourages businesses to be leaders in environmental stewardship while working towards a more sustainable future. By participating in this certification program, we join a growing community of forward-thinking businesses dedicated to creating a greener economy. The certification is structured around continuous improvement, offering businesses the opportunity to progress through Bronze, Silver, Gold, and Platinum levels as they enhance their sustainability practices. To learn more about the Montgomery County Green Business Certification Program and how your business can get involved, click here . Electric Advisors is proud to be part of this initiative, and we encourage other local businesses to explore the program and join us on the path to a greener future. Help us embrace sustainable practices and work towards a greener future for our community!
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