Commercial Auto Insurance in Vermont
Regardless of how often you drive for business, if your company operates a vehicle, you need commercial auto insurance. There are a variety of coverage options to meet the specific needs of your business, and the agents at T.S. Peck are ready to help you purchase the policy that’s right for you.
Vermont State Legal Requirements
If your employee is in an accident while driving for business, your company can be held liable for the damages. These cost can be extensive, with vehicular and property damage, medical expenses, and lawsuits. All vehicles in Vermont must carry a minimum amount of liability insurance. This includes any vehicles owned by your company. These minimums for your commercial auto insurance are:
- $25,000 of bodily injury coverage per person
- $50,000 of bodily injury coverage per accident
- $10,000 of property damage coverage per accident
In addition, you must carry uninsured and underinsured motorist coverage. If you or your employee is in an accident and the other party is deemed at fault, this will help pay if they do not have enough insurance coverage.
It should be noted that if you hire drivers under the age of 18, they must have had their junior operator license for more than one year, according to state law. At T.S. Peck Insurance, we will help you make sure that your commercial auto insurance policy adheres to all Vermont statues.
Non-Owned Vehicle Coverage
If your business does not own a vehicle, that does not mean you don’t need business auto insurance. Most personal auto policies will not cover damages incurred during business activities. Most specifically exclude activities such as business deliveries. If your delivery drivers use their personal vehicles, or you send employees out on business errands, your company may still be liable for damages and injuries they may cause.
To provide coverage for these situations, you can add an endorsement to your business auto or commercial property policy for hired non-owned vehicles. This will provide liability coverage to help pay for medical expenses, damages, and legal fees that are not covered by your employee’s personal auto policy.
Much as with personal auto coverage, there are many coverage options for your commercial auto policy. Depending on your business driving habits, you can add options such as:
- Medical expenses
- Seasonal coverage
These options help to protect your company vehicles and employees in case of an accident. Seasonal coverage can save you money, varying your coverage depending on your changing driving habits throughout the year.
Your business auto premiums will depend on a number of factors including the driving records of your employee drivers. Be sure to update your policy if your drivers have changed. Every business has unique commercial auto insurance needs. Our trained agents at T.S. Peck Insurance will help you determine what kind of coverage is right for your business. We work with auto insurance companies in Vermont and across the country to provide you with affordable and comprehensive commercial auto coverage.