If you are an employer would you rather have someone working for you carry 100/300/100 or 300 CSL?

Question

I'm in a pickle... W/ combined limits you have less exposure on the BI side as you wouldn't be limited to 100K per person... but w/ a 100/300/100 policy there would be a potential to get a payout of 400K w/ the max on bi and pd... however in my opinion if im an employer id rather have the ability to give more to a bi claim as it's a person, and take the risk on property damage

Answer 1

If your employees are using their vehicles for business purposes, you need to look into getting coverage for hired and non-owned autos. This coverage is usually pretty cheap, and it covers you in case you are sued due to their driving.

Answer 2

I personally have always preferred the CSL option.  This way the $300,000 can be used for ALL BI (hitting a pedestrian) or ALL PD (hitting a building with no one in it - or hitting a row of parked new cars!)

If you are concerned, have them increase to $500,000 CSL.  The increase in coverage does not cost much.  But, their policy will NOT cover your liability, it will only cover theirs as the named insured on the policy.  If they are going on sales calls, their insurance company will probably charge them business use.  If they are delivering things for you, it may void the policy & they would have NO liability.