If you’re a business owner in Rhode Island, one of your responsibilities is to secure commercial insurance. Businesses require property and liability insurance to safeguard their business assets, as well as health insurance and workers’ compensation insurance for their employees. If your business is located near South Kingstown, RI, our team at Capalbo Insurance Group LLC can assist your business in selecting the appropriate types of insurance policies. We’ve been serving businesses in your area since 2002.
Commercial Auto Insurance
If your company owns vehicles used for business purposes, you must purchase commercial vehicle insurance for each of those vehicles. This includes box trucks, delivery vans, and food trucks. The key factor for coverage is that the vehicle must be owned by your company and used exclusively for company business.
According to Forbes, commercial vehicle insurance covers damages to people, property, or other vehicles in the event of an accident. To cover repairs to your vehicle, your commercial vehicle must have collision or comprehensive insurance under your policy. Forbes also reports that you can purchase gap insurance. Gap insurance covers the difference between the amount your insurance company will pay (in the event of a total loss) and the amount you may still owe on the vehicle.
Contact Us Today for Your Appointment
We are Capalbo Insurance Group LLC, a locally owned and operated agency with over 20 years of experience. Our team is dedicated to serving both commercial and residential clients. Businesses in the South Kingstown, RI area can trust that we will provide support and education about insurance. Contact us to schedule an appointment today and let us have the privilege of helping you protect your business.
