If you own a business in Indiana, make sure that you have any commercial insurance policies that are required for your business. To find out more about what is expected of your business, and what is recommended, give us a call today at Blevins Insurance Agency in Lafayette, IN.
Commercial Auto Coverage
If your Indiana business owns a vehicle, it is responsible for having a commercial auto policy on that vehicle. In addition, there are specific minimum amounts of coverage that you have to have within your commercial auto policy. These include a specific amount for bodily injury liability for a single person who is injured in an accident with your vehicle. Another amount has to be available for everyone in the accident who is injured. There is another amount required for your property damage liability. All of these required amounts are for liability, but you don’t have to stay with the minimum required coverage. You can add coverage such as collision insurance and comprehensive insurance. Both of these protect your vehicle in an accident that is your fault.
If you have a vehicle that you use for work, but your business doesn’t own it, that vehicle should have a policy called hired and non-owned. This is important for protecting you financially if it has an accident. It’s likely that a personal auto policy would not pay out if you had an accident while doing work tasks.
Workers’ Compensation Coverage
This type of insurance coverage is required for every business that has any number of employees- even just one. This coverage protects workers by having money available if they are injured while at work. It protects your business by paying for employee injuries so that the employee doesn’t need to sue your company.
Get Your Business Covered
To find out more, call us at Blevins Insurance Agency in Lafayette, IN.