TRANSPORTATION INSURANCE
GENERAL LIABILITY INSURANCE
What General Liability Insurance Covers
Transportation liability insurance protects you—the employer—from potentially catastrophic lawsuits in the event of accidents involving your drivers or vehicles. Imagine if one of your drivers was involved in a serious collision while on the job, resulting in injuries that left them permanently disabled and unable to work. If the driver sued your company for negligence and won, you could face damages amounting to hundreds of thousands of dollars, even with workers’ compensation in place.
COMMERCIAL UMBRELLA INSURANCE
What Umbrella Insurance Covers
Commercial umbrella insurance, or Excess Liability coverage, extends your existing liability limits, often in $1 million increments, at an affordable cost. For transportation businesses, it helps meet higher liability requirements for large contracts and increases coverage on general liability, employer’s liability, and auto policies. This added protection reduces financial risks and ensures your business is prepared for unexpected claims or lawsuits.
COMMERCIAL AUTO INSURANCE
How Commercial Auto Insurance Works
Commercial auto insurance protects your transportation business’s vehicles and the valuable assets they carry. It covers damages resulting from accidents, theft, or other unforeseen events, ensuring your operations stay on track. However, it excludes coverage for goods or equipment in transit. For those risks, consider additional Cargo Insurance or an Equipment Floater with Grandbay Financial Services to provide comprehensive protection for your business.
WORKERS COMPENSATION
How Worker’s Compensation Protects You
Workers’ compensation insurance is vital for transportation businesses, protecting you—the employer—from potentially catastrophic lawsuits. Imagine if one of your drivers was involved in a serious on-the-job accident, sustaining injuries that left them permanently disabled and unable to work. If the employee sued your company for negligence and won, you could face hundreds of thousands of dollars in damages, even with workers’ compensation in place. In the tragic event of a fatal accident, you could also be sued by the employee’s family for wrongful death.
DISABILITY INSURANCE
How Disability Insurance Works
As a transportation professional, workplace accidents can happen, and workers’ compensation helps cover employees’ medical bills and lost wages for job-related injuries. But what if you or an employee suffers an illness or injury outside of work and cannot earn an income? While some states offer short-term disability insurance, the benefits are often limited in duration and insufficient to cover living expenses. For instance, New York caps benefits at $170 per week, while California offers up to $1,129 per week. However, most states provide no disability coverage at all, making private disability insurance a crucial safety net for you and your team.
Who Is Eligible for Commercial Auto Insurance?
Transportation
- Local, Intermediate & Long Haul Trucking
- Rideshare companies
- Rental car companies
- Food delivery
- Couriers
- Contractors
- Social services
- Healthcare
- Manufacturers
- Tow trucks
- Taxicabs
- Passenger vehicles
- Limousines & shuttle busses
- Delivery vans
- Dump trucks
- Moving trucks & more!
Get In Touch
PHONE: (516) 292.3780
FAX: (516) 908.7879
Address
Corporate Headquarters
100 DUFFY AVENUE SUITE 510 HICKSVILLE, NY 11801
Georgia Branch
1372 PEACHTREE ST. NE,
ATLANTA, GA 30309
Email Us
INFO@GRANDBAYFINANCIAL.COM
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