All business-owned vehicles in Rhode Island must be covered by commercial auto insurance. Rhode Island requires $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident, and $25,000 property damage liability per accident.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
This policy is important for all Rhode Island businesses. It covers common risks, including customer property damage and injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance (E&O), protects professionals whose work depends on their expertise. It covers lawsuits over mistakes and missed deadlines.
This policy helps Rhode Island businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
A BOP bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a Rhode Island business.
Workers’ compensation insurance is required for Rhode Island businesses that have one or more employees. It can cover medical costs for work injuries and illnesses.
This policy is required for business-owned vehicles in Rhode Island. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
In Rhode Island, individuals who sell insurance – not business entities – are licensed by the state. Insureon has agents on staff who are licensed in Rhode Island for property and casualty insurance. For licensure details, please contact us.