You are likely to have many policies as a business owner. Is it possible to just throw away all the paperwork after so many years? It is not always possible. You only need to keep the most recent coverage summary page for certain types of property and liability policies (e.g. home, auto, umbrella), which is known as "declarations". How Long to Keep Business Insurance Policies Many business insurance companies will keep an electronic copy for many years. Keep the policy booklet, and make sure to replace it when you get new ones from your insurer. Find out more about which policy type you need and how long they should be kept. Commercial Auto Insurance Your personal car insurance might not cover you if you drive a vehicle for work. Commercial vehicle insurance is used by businesses to protect their vehicles, vans and trucks. Commercial auto insurance is similar to a personal policy. It covers things like collision, liability, med...
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