Whether you have one vehicle or several, you will need a business automobile policy. Such a policy covers any motor vehicle used in your business including cars, vans, trucks and trailers pulled by trucks and offers coverage if they are damaged or stolen. It also covers liability if the business vehicle is in an accident and the driver is at fault. Yes, most states require that you carry some form of workers compensation insurance. This protects the employee and also offers the business owner a degree of immunity from a lawsuit by an injured employee.
Coverage is provided for medical bills and a percentage of lost wages for the employee.
It is also important to know that no business liability coverage is included in a standard homeowners policy. We can help you determine what, if any, additional coverage you may need. Remember that all insurance premiums are based on the risks involved. Therefore, deliberate steps you take to lower your risks not only help safeguard your business but also may make you eligible for lower premiums. Consider these steps Install a sprinkler system, smoke and fire alarms and other adequate security devices.