Bodily Injury & Property Damage Liability

These coverages protect you if you’re involved in an at-fault accident and will help cover costs for injuries and damages you caused to other people or their property. Bodily injury can assist with the cost of medical expenses or injuries to other drivers and passengers. Property damage can assist with the cost of damage you caused to another vehicle or other property (like a guardrail, fence or mailbox). 


What do bodily injury (BI) & property damage (PD) liability insurance cover?

These coverages can help you financially pay expenses for damages to people and to other people’s property.  Think of BI as protection for people and PD as protection for things.  Below is a list of some of the things BI & PD can cover:

  • Medical expenses
    • One of the crucial components of bodily injury coverage is costs associated with someone’s medical care after an auto accident that you caused. Examples include: emergency care, hospital charges, follow-up visits and necessary medical equipment (like a wheelchair). 
  • Lost wages
    • Bodily injury coverage can help cover lost wages if an individual isn’t able to work as the result of injuries they sustained in a vehicular accident.
  • Legal fees
    • If you face a lawsuit due to the injuries you caused, bodily injury may assist in covering the associated legal fees (like for a settlement or lawyer).
  • Pain and suffering
    • If the person you injured in an accident experiences long-lasting physical pain or emotional suffering, bodily injury coverage may help reimburse the victim.
  • Funeral costs
    • If the accident is fatal, bodily injury can help cover funeral costs.
  • Damages to vehicle
    • Property damage can help cover the costs associated with repairing or replacing a vehicle that was damaged as the result of an accident you caused.
  • Damages to property
    • There are times when accidents happen and another vehicle is not involved. If you cause damage to someone else’s property (like a guardrail, fence or mailbox), property damage coverage can help pay to repair or replace the damaged property.

Are bodily injury & property damage liability insurance required?

Nearly every single state requires a vehicle to have a minimum amount of liability insurance.  When purchasing auto insurance you’ll need to select liability limits that meet or exceed the state’s minimum requirements.  States use a three-tiered system to signify their minimum liability requirements.  Colorado’s minimum limits are: 25/50/15.  Let’s break these minimum limits down: 

  • Your auto insurance carrier will pay up to $25,000 for bodily injury or death to any one person in an accident. No injured person will receive more than $25,000. 
  • Your auto insurance carrier will pay up to $50,000 for bodily injury or death to all persons in any one accident. This means that when you add up all of the bodily injury payouts, the total cannot exceed $50,000. 
  • Your auto insurance carrier will pay up to $15,000 for property damage in any one accident.

It’s important to remember that state minimum limits are often low and may not give you the level of protection that you need.  Let’s say you live in Colorado and rear-end another vehicle. No one is injured but the other vehicle’s back end is severely damaged. The accident is your fault and you are required to pay the other party.  If your auto insurance policy only has the minimum limit for property damage of $15,000 but the damages come to $20,000, you’ll be out of pocket $5,000.  While you met state requirements, $5,000 is a large sum of money to be on the hook for.  Now imagine that the vehicle you hit is a brand new, top of the line vehicle and you can see why it is so crucial to make sure you have adequate limits, despite the minimum state requirements.  As technology advances, our vehicles will continue to have more and more sophisticated features, which in turn increases the amount of coverage that will adequately protect you from out of pocket expenses. 

What isn’t covered by bodily injury & property damage liability insurance?

Bodily injury does not cover your medical expenses or lost wages if you caused the accident.  Property damage does not cover damages to your vehicle; you’ll need collision or comprehensive insurance to cover these types of losses. 

How much does a business auto policy cost?

Business auto premiums are based on numerous factors.  These can include: the size of the business, type of vehicles, number of vehicles, number of drivers, radius of operation and the location of your business.  

What our clients are saying:

Post Independent logo

NEWS  |  November 8, 2011
Kelley Cox

GLENWOOD SPRINGS, Colorado – When investor and businessman Harry Logan founded Glenwood Insurance Agency in 1911, he probably wasn’t thinking about the company’s longevity. He sold it eight years later.

But from 1919 to the present, the company has passed through two Glenwood Springs families, and is still owned today by a partnership of families.

Now, 100 years after Logan opened the doors, the Glenwood Insurance Agency is celebrating a century in business.

“I’m proud to carry on the tradition,” said Scott Bolitho, a co-owner and third generation executive in the company. “My grandfather did business with a handshake. That personal touch has carried through to the present.

“We like to do business by establishing a relationship with people. You know in insurance, there’s nothing tangible you’re selling. Everything is built on trust and relationships,” Bolitho said.

“A lot of things have changed over the years, most notably the technology and the regulations on the industry,” said Asa Jones, another co-owner who took over from his brother Pete.

“The foundation for our success has always been our relationships with our customers. One of the benefits of living in and doing business in a town like Glenwood Springs is that we get to know and help so many great families,” Jones said.

“Through good years and bad, our priority has been to treat our customers and our employees like family,” said Nettie Avery, who, along with her husband Bryan, bought a share of the company in 1999.

“That’s one of the reasons we’ve weathered the storms. We’ve helped our customers through the difficult times by proactively meeting with them to find ways to cut their costs without sacrificing their coverage,” Avery said. “When our customers succeed, we succeed.”

Harry Logan was in the insurance and lending businesses when he launched Glenwood Insurance Agency in 1911. The town was just 26 years old, and didn’t stretch any farther south than 13th Street.

In 1919, Logan sold the business to Carleton Hubbard Sr., who ran it until the 1960s, said his son, Carleton Hubbard Jr. of Glenwood Springs, who also worked in the business in his younger years.

The senior Hubbard, who had spent the previous 10 years as county clerk and deputy county clerk, had purchased the Garfield County Abstract Co. a year earlier, and he was very busy running the two businesses.

Needing help, he hired Ada Hutchings, a former Strawberry Queen. Proximity paid off, and the two were married in 1928. They ran the two companies from an office in the Hotel Glenwood, a four-story wooden structure at the northeast corner of Eighth and Grand.

In 1944, they moved the office across the street into the brick First National Bank Building. The following year, the Hotel Glenwood burned to the ground.

In the 1960s, the Hubbards bought the abstract companies that were serving Eagle and Pitkin counties, just at the time when Vail and Snowmass Village were beginning to be developed. The title business was far more demanding than the insurance business, so the Hubbard family sold the 50-year-old insurance agency to Walter Thrall.

“My dad would feel very proud,” Hubbard said of the business continuing for another 50 years, “and it wouldn’t surprise him that it is still doing well. It was a nice little agency when he sold it. They [represented] good companies.”

In the same downtown block, Pat Bell owned a competing insurance agency in the Dever Building, on the northwest corner of Eighth and Grand.

“I remember going to my grandfather’s office on Saturday mornings with my brother to play with the rotary phones. We really grew up with the business,” said Scott Bolitho, son of Jere Bell (Pat Bell’s daughter) and her husband, Bill Bolitho.
In 1977, Pete Jones and Bill Bolitho bought the Glenwood Insurance Agency from Thrall and his partner, Ralph Sample. They merged the company with Bell’s agency, forming a company that was, for a few years, called the Glen Bell Agency.
A few years later, they also acquired the First Agency from Randy Wilson and Bob Howsam. In 1982, Pete’s brother Asa Jones came in as a partner. In 1983, they partners changed the name back to Glenwood Insurance Agency.

Today, Glenwood Insurance is owned by Scott Bolitho, Asa Jones, Bryan and Nettie Avery, along with investors Dennis Lawrence of Wyoming and Sarah Fleming of Grand Junction. Ian Exelbert, who previously served as market president for U.S Bank and controller for WestStar Bank in Glenwood Springs, joined the agency in September as an owner and chief operating officer.

Scott Bolitho also noted that Todd Thulson was a partner and key player in the agency from 1999 until his retirement in 2008.

Bolitho said as a kid, he never imagined following his father and grandfather into the insurance business.
“The last thing I was going to do was move back to Glenwood Springs. I wanted to work in sports marketing,” he said.
But he earned a college degree in insurance and finance, and spent seven years in Denver working for Travelers Insurance, one of the lines Glenwood Insurance has carried for decades. And then, just like his parents, he moved his young family back to Glenwood Springs and went into the business.

Now his son Ryan, 26, works there too.

“It was the same thing as me,” Scott Bolitho said. “He used to say to me, ‘Dad, how can you work in an office?’ And here he is.”

The insurance industry calls this multi-generational pattern “perpetuation.”

It results in stability and dependability that keeps customers and employees on board for years. Many of the agency’s customers are the second, third and, in some cases, fourth generations doing business with Glenwood Insurance, and some employees have been with the company for 20 to 30 years.

For Exelbert, it’s like stepping into a deep tradition.

“This is a great opportunity to carry on the legacy of a Glenwood Springs business that has stood the test of time, and proven its commitment to customers and employees again and again,” he said.

– Publicist Mandy Gauldin contributed to this report.