Commercial Auto insurance can help to pay for the repairs of the vehicle if it has been damaged in a vehicle collision. The insurance can also cover your vehicle if it has been damaged by theft, weather events, and other related incidents. The insurance will pay for the lawsuit costs associated with the accident including the medical and legal expenses.
For your business, property coverage provided by your Commercial Property insurance may not be enough. This is because Commercial Property insurance covers only property that is housed at a specific location. Since your business ships products and equipment, you'll need to purchase inland marine insurance to protect property that's moveable or in transit.
Workers Compensation provides wage replacement and medical benefits to employees who become sick or injured during their workday. This includes immediate costs like an ambulance ride and long-term costs like physical therapy and payment for lost wages. Very often, you are required to carry this state-mandated insurance in the state your business is situated.
General Liability insurance protects your business and your employees from claims involving third-party property damage, third-party bodily injury, personal injury, advertising mistakes, and other related claims. This insurance shields your business from the expenses of attorney fees, court fees, litigation and judgments awarded by courts, and even out-of-court settlements.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
Establishments in this industry provide a broad range of transportation services to various types of customers. This can include special needs transportation for handicapped passengers, sightseeing services such as air balloon rides or scenic railways, urban transportation such as light rail and tramways, taxi and limousine services, bus and commuter rails, or vanpools and carpools.
Your business needs insurance because it helps cover the costs of liability, property damage, medical expenses, and other related expenses. Without insurance, you'll have to pay for the costly expenses of these risks out of pocket.
Below is an example of risks that ground transportation businesses can face:
Your vehicle gets involved in an accident in which it is proven that your business is at fault during the accident. You'll not only have to pay for the repair or replacement of the damaged property and the medical expenses of the driver and the passengers (if any) but also for the lawsuits that your business will face should the other party decides to file charges against your business.
There is no fixed cost for the insurance of ground transportation as it is assessed depending on the specifics of your business such as the size of the business, the number of employees,s and the coverage required. If you want to know the cost of your insurance policy, simply apply online to get a free quote or talk directly to our insurance experts.
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