If you are considering opening a business in California or have already established one, you should consider commercial insurance. This is because of the various risks associated with running a business which you need protection from. As United Premier Insurance Agency advises, you can enjoy peace of mind when you know you are protected from financial loss if anything happens. Here are a few types of commercial insurance you should consider.
General liability insurance protects your business against damages it has caused, including property damage, bodily injury, and personal injury like libel. It helps cover expenses like medical bills and the cost of repairing or replacing property for a third party who suffered those damages while at your workplace.
This type of commercial insurance protects the building and equipment you are using from perils like fire or vandalism. If you suffer any of the covered losses, this policy can help replace the damaged items or cover repair costs.
Worker's compensation helps protect your employees when they get a work-related injury. It helps cover the medical bills, ongoing care like physical therapy, and funeral costs in unfortunate circumstances. In addition, if the employee decides to sue you for damages, this coverage helps pay the legal fees you might incur.
This type of insurance is also known as errors and omissions (E&O) insurance, and it is common among professionals that offer consultancy services. It helps cover any lawsuits that you may encounter when a client claims you made an error when providing services that cost them.
Commercial auto insurance is vital if you use cars like vans and trucks for running the business. It helps cover things like medical expenses or the cost of repair and replacement resulting from an accident where your company car was involved.
Business owners in California shopping for commercial insurance to protect their company and employees can contact us today at United Premier Insurance Agency. We are ready to analyze the needs of your business and help you choose the right policy for adequate coverage.
