For businesses in Connecticut, there are two types of commercial insurance that are required for most businesses. There are also many types of commercial insurance that can help protect a business, but they are not required. If you want to know more about commercial insurance policies, call us at ALLConnecticut Insurance in West Hartford, CT.
Workers’ Compensation Coverage
If a Connecticut business has employees of any type, the business must keep workers’ compensation insurance. This is true whether the employees are seasonal, part-time or full-time. The only exception for this mandate is for domestic workers who work in the house for 25 hours a week or less. This insurance pays for the medical bills of employees who get sick or are injured in the workplace. With this insurance coverage, your business is protected against lawsuits from employees who become injured.
Commercial Auto Coverage
Another required commercial policy is a commercial auto policy. This insurance is required for all vehicles that are owned by a Connecticut business. There are specific requirements for this policy to contain certain minimums for bodily injury liability, property damage liability, and uninsured motorist coverage. If you have a vehicle that is often used for work but is not owned by the company, that vehicle’s personal insurance policy may not payout due to the business usage. For those vehicles, it’s recommended that you get a hired and non-owned policy. This policy isn’t required by law, but it is highly recommended.
Commercial Insurance Policies
If your business needs commercial insurance, contact us today at ALLConnecticut Insurance in West Hartford, CT to talk to an agent about the policies required for your business as well as those that are highly recommended.