VERMONT Business Insurance

Whether small, medium, or large, running a business takes talent and dedication. With employees to manage, clients to please, and finances to worry about, your hands are full. What would happen to your business if you were faced with a disaster like a fire or if someone was injured on your property? With comprehensive Vermont business insurance products, you can be confident your business is financially protected from most common risks.

Every business has unique risks and needs. To ensure you have proper coverage for the situations you may encounter, you likely need a variety of business insurance policies that work together to form a comprehensive insurance portfolio. Your agent will explain your options and help you put together an insurance package for your Vermont business.  


COMMON VT BUSINESS INSURANCE POLICIES

All businesses, large and small, share some similar risks, and therefore need some common protections. Typically, businesses should consider:

  • Property Damage Coverage – If your business property, including your office, desks, equipment, computers, and other materials are stolen or damaged due to fire, storms, vandalism, or other covered events, your policy should help pay for the replacement.
  • General Liability InsuranceIf a customer or client is injured on your property, such as due to a slip and fall, general liability should help to cover the damages. General liability can also cover property damage and some slander and libel cases.
  • Workers Compensation Insurance – If you have employees, Vermont requires that you have workers compensation insurance. This helps to provide medical payments and salary reimbursement to employees injured on the job.
  • Professional Liability Insurance - Accountants, lawyers, doctors, and other consultants and advisors are required by the state to carry professional liability insurance. If a client suffers a loss or injury due to your advice, professional liability insurance should help cover the damages.

Business Insurance Vermont 

OTHER COVERAGE

While businesses share some risks, others are unique to your industry or company. It is important to discuss the risks with an experienced agent who understands your industry to get the most comprehensive coverage. You may want to invest in some of the following coverages for your business:

  • Commercial Auto Insurance - Helps to provide coverage if you if you have a company car or if employees use vehicles for business purposes.
  • Product Liability Insurance - Helps to provide coverage if you sell a product and a customer suffers an injury or damages due to your product.
  • Business Interruption Insurance - Helps to pay your expenses if your business has to close due to a covered event.
  • Key Person Insurance - Helps to provide coverage in the event of a lost essential employee due to injury or death.
  • Cyber InsuranceHelps to provide coverage & help in the situation where your company is digitally compromised.
  • Inland Marine Coverage - Helps to provide coverage for goods, tools, & materials in transit.
  • Liquor Liability Insurance - Helps to provide coverage if your business makes or distributes alcoholic beverages.
  • Business Umbrella Insurance - Helps to extend your commercial liability coverage.

By working closely with your agent, you can move to identify the most likely risks your business will face so that you can make better informed choices on your insurance coverage.

Vermont businesses face a variety of risks every day. With comprehensive business insurance, you can operate your company knowing you are covered for many situations that could arise. Investing in a broad range of coverage for your business can help you keep your doors open in the face of many devastating situations.

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