Commercial Auto: Commercial Auto Insurance is
optional for small business owners with company vehicles such as a delivery van
or pickup truck. It
protects against liability and physical damage if an employee causes injury or
property damage while using one of these vehicles during work hours.
In
addition, it can be used with collision coverage to pay for damages caused by
collisions between cars owned by you and others on the roadways where your
vehicle was being driven during work hours - whether you own them or not (such
as if another driver hit you). This
includes injuries to passengers riding inside your car when it gets into an
accident and costly repairs required by the other driver's vehicle.
Workers Compensation: Workers compensation is a type of
employer liability insurance that covers medical and income replacement
expenses for employees or independent contractors who are injured on the job or
contract while working, as well as their family members in case they die from
an injury at work.
It
also benefits survivors if death occurs due to employment, such as cancer
caused by exposure to toxic chemicals while conducting one's duties. Your state
may require this type of coverage, but some states don't have it, so be sure
you're aware before hiring new staff!
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