Owning a business in this state, may require insurance coverage to protect your company assets. Depending on the type of company that you own and the details of your services, it may be useful to work with an independent agency like G & G Independent Insurance to identify the appropriate coverage for your business.
Commercial Auto Policies
In this state, you are required to purchase auto insurance coverage for any vehicle that is on the road. As a company, you may need a commercial policy that covers every potential driver and all of the vehicles that are owned by the business. The amount of coverage you need may vary based on the services that you provide.
CGL in this state
Liability plays a key role in any business. Commercial general liability (CGL) policies provide protection against financial losses if you are sued, if an individual is injured, or if you are otherwise responsible for wounds that an individual faces. The amount of coverage you may need can depend on the number of potential risks. Even an accidental slip and fall on your company property may result in financial charges to pay for medical bills, so most businesses will need some protection.
Protection for Commercial Property
Keeping your business property safe depends on the amount of property and the type of building. Even vacant land may need protection against vandalism or similar problems. You will want coverage to protect against fires, theft, vandalism or any other source of potential damage to your company property.
Workers Compensation Coverage
Employees within your company may be injured on the job, particularly in high-risk industries. Workers compensation insurance is designed to pay for medical bills, lost wages and similar related expenses when an employee is injured at work.
A BOP plan is also known as a business owner package. It is a basic policy that will offer coverage for company property and basic liability. It may be useful if you are not sure about the best plan and want some protection.
Every company needs some protection against potential problems. Depending on the company assets, concerns and potential risks, the amount of coverage that you may need can vary. The best way to find a plan that is appropriate for your business is with the help of an independent agency like G & G Independent Insurance because you can ask questions and learn more details about the options.