Get the Right Business Insurance Coverage

Buying business insurance in California requires a good insurance agent to walk you through the process and complexity. Regardless if you run a small, medium or large business, a sole proprietorship or a corporation, a brick and mortar or an online store, you are vulnerable to a multitude of risks. Without being protected with the right insurance coverage’s, your business and hard work could be in potential financial jeopardy.

That being said, you need to work through a detailed process to create a “package,” or combination of business insurance coverage’s  that help you get adequate financial protection for you, your business, employees, officers and directors and others who interact with your business.

Find The Right Business Insurance Agency

The first place to start would be to align yourself with a trusted business insurance broker and experienced agent. Not all insurance companies like to  insure all businesses. The brokerage firm should have access to a many insurance companies which will allow the agent to find carriers to compete for your insurance business. An independent agent will strive to find a business insurance package that fits your financial, personal and business needs. 

After discussing with you the general nature of your business, the agent will ask you to complete an application for submission to many insurance companies that insure your specific type of business. These discussions and application process will help you determine what your business insurance package should look like for your business. The application process can vary from simple to complex and detailed, primarily dependent on the age, size, type, industry, values, risks and ownership experience of your business.Business Insurance Coverages

Typical Insurance Coverages

If you are based in California, the following kinds of coverage should be considered by an agent for your business insurance purpose.

    • California Business Insurance, that includes Small Business Liability Insurance, Business Owners’ Policy (BOP), Commercial General Liability (CGL), Commercial Auto Insurance, Property Insurance, Errors and Omissions (E & O), Director and Officers (D &O) and others. Click HERE for more information. State of California help found HERE.
    • California Workers’ Compensation Insurance, which pays benefits to an employee that is injured while doing work for you. Workers’ Comp Insurance will cover such things as medical bills, a portion of lost wages, vocational rehabilitation, and , if necessary, some legal fees. Click HERE to read more.