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Commercial auto insurance isn’t just for “the big dogs.” Small businesses are just as much, if not more, at risk than larger businesses because a long claim payout time could spell disaster. Particularly, employers with just a few employees shouldn’t think twice about purchasing commercial auto insurance. In this article, we’ll go over what’s covered by commercial auto insurance, and why it’s important for small business owners.
According to an article from PropertyCasualty360 from April 2017, environmental liability claims have increased significantly in the past five years, specifically in the construction and mining sectors of Latin America. But if Hurricane Harvey and Irma were any indication, it’s clear that the effects of climate change are becoming more severe and wide spread each year. How will climate change affect small and medium business owners? Depending on the industry, the affects could be widespread. Among one of the top concerns should be for those utilizing commercial automotive insurance, since the industry is likely to be severely affected.