Motorcycle Insurance Laws in Colorado

As many motorcycle owners already know, things are a little different when you’re on a bike instead of in a car. While you have more freedom and maneuverability, you are also exposed to more risk simply because auto drivers often are not as careful or respectful around motorcyclists sharing the road with them as they should be. Located in the Longmont, CO region, the insurance experts at 1st American Insurance Agency are here to help make sure that you are taking on as little risk as possible. Here’s what you need to know about motorcycle insurance laws in Colorado. 

State Motorcycle Insurance Laws

The state of Colorado does not actually require motorcyclists to have vehicle-specific insurance or even general liability insurance. That said, the state does require you to have proof of financial responsibility. In a nutshell, this just means that you will be able to pay for the costs of an accident should you be deemed at fault. There are two ways to do this in Colorado— by having a motorcycle insurance policy that contains liability coverage, or by filing for self-service Insurance (only available to those with multiple vehicles registered under their name). 

What If I’m Not At Fault?

Unfortunately, even if an accident is deemed to be someone else’s fault, that doesn’t necessarily mean that you are completely free from financial burden. If the other person takes off (hit and run) or does not have sufficient insurance, it’s sadly often the victim who winds up having to foot the bill. Let’s face it— this is Colorado, and our state is visited frequently by drivers from other states. Insurance laws vary around the country, but that is all the more reason to make sure that you and your motorcycle are adequately covered. 

What Next? 

Serving customers in Longmont, CO and beyond, we’re here to help you get the motorcycle insurance you need. At 1st American Insurance Agency, we follow all local and state laws to make sure that your policy is compliant while still fitting your personal needs and budget. When you’re ready to take the next step, give us a call or send us a message. We look forward to meeting you! 

Different Types of Commercial Insurance to Consider

Besides general liability and workers compensation insurance, there are a number of other insurance policies that can benefit a business in Longmont, CO. Each business has its own unique set of risks, so it can be hard to determine which each business needs to protect. An agent at 1st American Insurance Agency can help you with these different types of commercial insurance polices.

Business Interruption Insurance: This can help your pay for any lost income your business experiences if external forces will cause you to close for a short time. This will help keep your business afloat so you won’t suffer a huge financial loss.

Accounts Receivable Insurance: This policy will help cover your business against losses due to the inability to collect customer payments.

Crime Insurance: Use this to protect your business from any losses related to crime, such as forgery and theft. 

Cyber Liability Insurance: This will protect your business from costs and damages that are related to computer system, data breaches, electronic data, and computer attacks.

Equipment Breakdown Insurance: This is used to protect your business from damages related to electronic, computer, and mechanical equipment breakdowns.

Additions to Property Insurance: Many businesses have property insurance but property insurance can only cover so much. There is debris removal insurance to cover the cost of removing debris after a flood, windstorm, or fire. Property insurance can cover the cost of rebuilding but not removing the debris. Glass insurance can cover plate glass windows and broken store windows. Builder’s risk insurance will cover buildings when they are being constructed.

Directors and Officers Liability Insurance: This insurance is used by non-profits and corporations, in order to cover the cost of lawsuits against officers and directors.

Contact 1st American Insurance Agency, serving Longmont, CO, to get a quote on commercial insurance.