Any business in Greenwood, IN, can benefit from liability insurance. If your company has commercial general liability insurance, the word "general" might seem to suggest that it covers all types of liability. However, there are a number of exceptions, including most automobile-related losses. You’ll need a different type of policy if your business uses any commercial vehicles.
Automotive Liability Coverage
You can insure your company’s cars, trucks, or vans by obtaining a commercial auto liability policy. Like car liability insurance for individuals, it typically covers damage or injuries suffered by another person and caused by your vehicle. On the other hand, a liability policy doesn’t cover your repairs or other losses related to a collision.
Indiana state law requires all motorists to have liability insurance, and the coverage needs to meet certain standards. The Bureau of Motor Vehicles requests proof of insurance whenever a driver commits a significant traffic violation or becomes involved in an accident. The BMV can always ask for this documentation even if none of these things happen.
General Liability Insurance
So, what does commercial general liability insurance cover? It often offers protection when businesses harm someone’s assets, health, or reputation. A commercial package policy or business owner’s policy typically includes general liability, among other types of insurance. It’s also available separately. You can increase your general and automotive liability coverage by acquiring commercial umbrella insurance.
American Business Insurance offers all of these coverage options. We partner with many insurers to help your company find affordable yet comprehensive coverage. Our independent agency has more than six decades of experience in this industry. To learn more or request a quote, please call the American Business Insurance office in Greenwood, IN at 317-888-7283.
