Commercial Auto Insurance in Vermont

What Policies are Best for Your Business?

All business owners need business insurance in Vermont and commercial auto covers just that.. In addition to required bodily injury and property damage liability, you can purchase coverage including:

1. Uninsured/Underinsured Motorist
2. Medical Payments Coverage
3. Collision
4. Comprehensive Coverage (to help cover damages done by non-collision events such as theft, vandalism, and fire)
5. Rental Car Coverage
6. Cargo Coverage
7. Hired Non-owned Coverage

If employees use their personal or rental vehicles for business, hired non-owned auto coverage can be added to your commercial auto or general liability policy. This coverage is often relatively inexpensive, allowing you the freedom to insure cars that you don’t own such that if an employee is involved in an accident your business liability is covered.

The amount of liability coverage you purchase will depend largely on the frequency and purpose of your vehicle usage. However, you should be aware that a single accident with severe injuries can cost over $1 million that your business may be held responsible for. Having adequate liability coverage for any auto use can save your business if this type of situation occurs.

Vermont requires that all vehicles be covered by a liability policy. Whether you own a company vehicle or if employees use their personal vehicles for business, you likely need coverage to fulfill your legal obligation and protect your business. With a variety of coverage options, you can choose the policy that works best for your business. Your agent can help you find the right policy for you.