Though individual laws may vary by state, business owners in Maine, New Hampshire, and Vermont are required to have workers' compensation coverage. This indemnification protects you if an employee suffers an injury while on the job and can help provide them with lost wages and reimbursement for medical expenses. It may shield you if there is a lawsuit.
In addition, commercial auto insurance is also a requirement for those whose vehicles are an integral part of running their business, like work vans, or whose employees drive trucks for shipping cargo. Your knowledgeable Gateway Property & Casualty insurance representative will provide more information on your situation.
There are a variety of potential coverage options that you could need, depending on the type of business you operate. General commercial liability, for example, is a type of protection that can broadly apply to common financial hazards that entrepreneurs face. It may extend to lawsuits that arise from product failure or injury.
Suppose you house inventory or equipment in a warehouse. In that case, you may need to consider commercial property insurance, as your raw materials and other resources may be subject to damage from hail, wind, or fire.
Other types of coverage include errors and omissions that assist if your company makes typographical or other mistakes in advertising, and commercial umbrella insurance works to extend the coverage limits of your existing policies.
We offer qualified advice on your indemnification needs and can assemble an individualized commercial insurance package to meet your specifications. We offer a rating tool on our website to give you a free quote on homeowners or automobile insurance, and we serve those who live in the states of Maine, New Hampshire, and Vermont.
