Insurance for Other Ground Transportation
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What Insurance Do Other Ground Transportation Need?
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Covers your products, materials and equipment that are transported over land (truck or train), or while they're in a warehouse. If involved in a collision, mishandling or cargo theft, Inland Marine Insurance covers the transported goods.
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Frequently Asked Questions
Why do Ground Transportation businesses need insurance?
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.
What risks do Ground Transportation businesses face?
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.
How much does insurance for Ground Transportation cost?
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.