323-518-1234

Commercial InsuranceCommercial Insurance in Arizona | Protect Your Business

Did you know that small businesses account for employing nearly half of the state employees? California business owners must obtain customized protection for their business by purchasing commercial insurance. As a business owner, it's imperative to consider various business insurance types for financial and legal reasons.

Incidences of injuries to employees or a commercial vehicle accident can culminate into massive debts that threaten business operations and livelihood. High rates of employee lawsuits in California result from strict state regulations, which subject businesses to higher scrutiny from workers. All employers in California must carry with them workers' compensation even if you have employed one employee. This coverage helps to pay the cost benefits when an unexpected event occurs, resulting in injuries or sickness due to the work they undertake.

Acquiring commercial liability insurance protects your business against financial loss emanating from claims of damage or injuries caused to others by you or your employees. Commercial insurance is not mandatory in California, but if you are a property owner, business owner, or other precious assets, it's prudent to invest sufficiently in commercial liability policy to limit your exposure to prevailing perils. Visit us today at Christopher Zepeda Agency offices and obtain an outstanding commercial insurance policy.

Factors affecting your commercial insurance costs.

In case you have started a small business and want to ensure that it is protected against potential property damage or liability lawsuits, it's wise to purchase a commercial insurance policy. This cost depends on several factors, namely:

  • What do you sell or services you offer?
  • Where you reside.
  • Where you operate your business.
  • Your prior claims history.

Types of commercial insurance coverages

  • Business owner’s policy (BOP)coverage: This form of coverage is essential for small business owners. This package includes both liability and property protection and caters to legal fees if you are sued for poor business practices by a client or an employee.
  • Workers compensation coverage: This is a type of coverage that a business owner must possess. This policy provides compensation for injured employees working during the stipulated hours within your premises.
  • Commercial auto insurance coverage: If your small business operates or owns a fleet of vehicles (numbering at least ten) or your business uses a vehicle to deliver products buying commercial auto insurance is an ultimate solution. This policy pays costs related to injuries caused to your workers operating your business vehicle.
  • Property insurance coverage: This type of policy protects the building or structure where your business is located, including equipment and inventory in case perils like theft, fire, smoke damage, vandalism, and natural catastrophes strike.
  • General liability insurance coverage: This is necessary liability insurance for all small businesses. In case you sold products to your clients, and it caused harm to him/her or their property was damaged, general liability insurance comes into play and pays for those losses.
  • Professional liability insurance coverage: It is also known as errors and omissions insurance. This type of policy caters to bodily harm or damages to your client's property, who was offered professional services and later sued you.

Are you a business owner in California? Feel free to call us or visit our Christopher Zepeda Agency offices for more information about commercial insurance.