Commercial Auto Insurance in Derby, VT

Commercial auto insurance is a crucial financial safeguard for Vermont businesses that rely on vehicles. Vermont companies using vehicles must maintain minimum amounts of auto liability insurance or obtain a bond that meets the state’s minimum requirements. Federal liability insurance regulations may apply if company-owned vehicles exceed a certain weight threshold or transport hazardous materials.

The minimum required amount of auto liability insurance may not provide enough financial protection against liability for third-party injuries and property damage. Your agent can help determine how much liability insurance is appropriate for your company.

Full Coverage Auto Insurance for Company-owned Vehicles

Your agent may also suggest full coverage insurance for vehicles that your company couldn’t easily afford to repair or replace after an incident or accident. Comprehensive and collision insurance may help cover accident-related damage, minus the policy’s deductible.

Uninsured/underinsured motorist coverage can help protect your company’s financial stability by helping provide coverage if the vehicle is in a hit-and-run accident or the at-fault driver is uninsured or doesn’t have enough coverage to pay for the damage they cause.

Factors Affecting Commercial Auto Insurance Rates

Several factors influence the cost of commercial auto insurance in Vermont:

• Number of vehicles—More vehicles typically mean higher premiums.
• Vehicle type and value—Expensive or specialized vehicles may cost more to insure.
• Level of risk—Businesses with higher risk activities, like delivery services, may face higher rates.
• Company’s claims history—A history of claims can increase your premiums.
• Employee driving records—Drivers with moving violations and at-fault accidents can trigger higher auto insurance premiums.
• Policy deductible and limits—Higher deductibles can lower your premium, but you’ll pay more out-of-pocket in case of a claim.

Contact Us

Contact Taylor-Moore Agency in Derby, VT, for a commercial auto insurance quote.

Business Insurance in Derby, VT

Business insurance, or commercial insurance, can offer financial protection to entrepreneurs and established companies. It is a crucial risk management tool, safeguarding assets and shielding businesses from unexpected financial losses. The coverage typically includes various types of protection, and its flexibility allows customization to meet individual requirements, helping to ensure long-term stability.

Commercial Insurance vs. Personal Insurance

Personal insurance focuses on safeguarding personal assets and includes policies such as health insurance, auto insurance and homeowners insurance. These policies can be more standardized and cater to individual needs. In contrast, commercial insurance can financially protect business assets and typically involves more complex coverage tailored to unique business risks.

Examples of commercial insurance include general liability, property insurance and workers’ compensation. Commercial insurance policies can be customized to address specific industry risks.

How Does Business Insurance Work?

Business insurance policies operate on the principle of transferring risk from the insured business to the insurance provider in exchange for premium payments. These policies come in various forms, tailored to address specific risks faced by different industries and businesses. When a company purchases insurance coverage, it enters into a contract with the insurer, agreeing to pay a premium in exchange for financial protection against specified risks. In case of a covered incident, the insured can request compensation through a claim. Upon verification of the claim, the insurer may provide compensation to help mitigate the monetary consequences of an incident up to the limits specified in the policy.

Deductibles, maximum coverage limits and exclusions are essential aspects to consider, as they determine the extent of protection and the policyholder’s financial obligation in the event of a claim. Insurers may also offer services such as risk evaluation, strategies to prevent losses and claims handling to help businesses minimize risks and navigate the insurance process effectively.

How Much Business Insurance Do I Need?

Contact Taylor-Moore Agency to help determine how much business insurance you need. We have been helping businesses find insurance solutions since 1962.

Business Owners Policy (BOP) Insurance in Derby, VT

As a business owner, you must take steps to protect your company’s financial interests and future potential. Regardless of how vigilant you may be in implementing safety measures and risk management tools, certain incidents may be inevitable. Fortunately, a business owners policy (BOP) can provide versatile coverage for many organizations across various industries.

What Is a Business Owners Policy?

A BOP is a multifaceted insurance solution usually intended for small- and medium-sized enterprises. These arrangements bundle several core components of your business’s coverage portfolio, allowing you to minimize total costs compared with what you might spend on separate policies. For example, when considering the value of a business owners policy vs. general liability policy, your premiums for the latter may be lower than the total cost of your BOP, but when considering the additional coverages bundled with general liability insurance, a BOP can be a more cost-effective solution.

What Does a Business Owners Policy Cover?

The exact details of a BOP may vary depending on your needs, preferences, budget and insurance company. However, in most cases, these arrangements are centered around the following three types of coverage:

• General liability insurance can financially protect your company from incidents affecting third parties, such as bodily injuries, property damage and reputational harm.
• Commercial property insurance may cover your business’s tangible assets, including its buildings, furniture, equipment, electronics and inventory.
• Business interruption insurance can help compensate you for ongoing expenses and financial losses arising from disruptions of normal operations, including payroll, rent, loan payments and lost revenue.

How Much Does BOP Insurance Cost?

Your BOP’s premiums may vary depending on your unique circumstances. Insurance companies often consider the following criteria when calculating a BOP insurance quote:

• Location
• Industry
• Annual revenue
• Business assets
• Workforce size
• Prior claims history
• Policy details (e.g., coverages included, limits, endorsements and deductibles)

Get the Right Coverage

Having served businesses in Derby and throughout Vermont and New Hampshire since 1962, the team at Taylor-Moore Agency is fully prepared to help your business understand the value of a BOP and secure appropriate coverage. Contact us today to get started.

Insurance for Maple Syrup Producers in Vermont & New Hampshire

The manufacturing and selling of maple syrup can truly be a sweet experience! Maple syrup producers in Vermont and New Hampshire, both large and small, have deep roots in their communities, years of tradition, and a passion for creating high-quality products.

Just as with all investments of great importance, having the proper insurance is essential to keep your business running smoothly. At Taylor-Moore Agency, we recognize the great need for personalized care and have years of experience in helping maple syrup producers in Vermont find the perfect insurance for their needs.

One advantage we have at our office is that Ryan Moore, the owner of Taylor-Moore Agency, has been making maple syrup himself for over 20 years! Thus, he understands all of the important facets of the business and how to protect your investment and your maple syrup income from all angles.

What is so special about maple syrup producer insurance?

Maple syrup producers insurance is a specialized type of farm insurance that covers all aspects of maple syrup production. From the point where the sap comes out of the tree to the time that the finished product gets bottled, many things can go wrong and we create an insurance contract that protects you and your business.

What You Need to Consider

If you are a maple syrup manufacturer in Vermont, there are many things to take into consideration when looking for maple syrup manufacturer insurance. These include, but are not limited to:

• Your locations
• The type of sugaring equipment you have
• Where you sell your products
• The number of workers you employ
• Your mobile equipment & vehicles

Another important aspect to keep in mind is product liability. While a maple syrup producer takes great care to deliver a high-quality product, you may still want to have coverage for a situation where someone becomes ill or experiences injury through association with your products, in any way. No matter what your goals are, it is important to find a reliable agent who understands your business and can help you create a personalized plan to protect it.

How Taylor-Moore Insurance Agency Can Help

At Taylor-Moore Agency, we specialize in and have first-hand experience in the maple syrup industry. We take pride in the great traditions of Vermont and are dedicated to helping you feel confident with your insurance decisions.

Our agents will take the time you need to answer all of your questions, and work hard to save you money. If you would like more information about maple syrup producers insurance in Vermont or New Hampshire, please contact one our office today by filling out our quote form on this page.

Vermont Car & Auto Insurance

How Auto Insurance Works

Auto insurance can protect you financially if you are involved in an accident or event beyond your control that damages your vehicle. Contact Taylor-Moore Agency in Derby, VT, to learn more about your car insurance options.

Why Auto Insurance Is Important

Appropriate car insurance is crucial—your coverage can help pay repair costs, medical expenses and even legal fees, depending on the circumstances of an incident.

Your agent can help you understand which policies and endorsements may work best for your situation.

What Is the Minimum Car Insurance Requirement in Vermont?

Vermont law mandates that all drivers carry certain minimum insurance coverages or self insure to operate a vehicle legally. Most Vermont drivers purchase auto liability insurance that meets the state’s minimum limits.

Liability insurance may help cover third-party accident-related claims. It will not cover damage when you are at fault in an accident.

If you lease or finance a vehicle, you may be required to purchase full-coverage insurance, including comprehensive and collision coverage, which may help pay to repair or replace the car after a covered incident.

Contact Us

At Taylor-Moore Agency our experts are ready to assist you with personalized advice and car insurance solutions tailored to your unique situation. Contact us today for a personalized auto insurance quote.