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!
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 Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
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.
How much does Business Insurance cost in Vermont?
The price of Business Insurance varies across carriers because they have different criteria to define your premiums. Insurance carriers usually review your experience, loss history and safety policies before they can calculate the cost.
I use my cars for business, is my personal auto insurance enough in Vermont?
No. Your personal auto insurance is limited only for personal use; therefore, the limits are fewer and it has less coverage. Commercial Auto insurance has more limits and coverage than a personal auto insurance can offer.
Do I need Workers Compensation in Vermont if I get my employees from other states?
Yes. Workers' Compensation is needed if you hire one or more employees regardless if you hire them outside the state but works for you in Vermont.
What will happen if I don't buy a Business Insurance in Vermont?
Your business will face penalties if the insurance is mandated by the state,and when you're faced with a property damage or personal injury lawsuit, you'll be paying for the legal fees and expenses out of your pocket. Any business won't be able to survive unless they have substantial financial resources.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: