Category: Auto Insurance

Facing a lot of risks, business owners have many decisions to make throughout the day in Canby, Oregon. One of the top items on their list should be their business insurance. Unfortunately, many business owners are perplexed by insurance, and others shy away from the subject leaving their businesses exposed. Commercial property and general liability insurance are two key coverage options to have to reduce risks for your business. The differences and benefits are outlined below.

The Basics of Commercial Property Insurance
Commercial property insurance protects the structures your business owns. You can purchase protections against fire, accidental damage, and weather-related damage. If your business experiences a qualifying event while you have the coverage, then your insurance company will likely help you cover the costs of restoring your facilities.

The Benefits of Commercial Property Insurance
The main benefit you receive when you purchase commercial property insurance is financial protection from a qualified event. Instead of using business revenues to rehab your business, you can rely on your insurance agency to provide the funds you need for a covered event.

The Basics of General Liability Insurance
Large settlements resulting from lawsuits in which your business or an employee representing your business, negligently injured another party, can damage your business severely. Many businesses facing staggering settlements file bankruptcy as a result of not being able to pay their debt. Fortunately, general liability insurance will help you cover the cost if you experience a qualified event while you have the coverage.

The Benefits of General Liability Insurance
General liability insurance offers your business multiple coverage options. The following are some of the benefits.

•    It may protect you from slip and falls.
•    It may protect you from damage you cause to other’s property.
•    It may protect you from slander and libel.

For greater protection, your business can purchase both property and general liability insurance if you find you need the extra protections. Contact us to find out more.

Your business is the result of you working countless hours developing a winning strategy to sell products or services. With so much time and effort invested in your business, protecting it comes naturally.

Purchasing business insurance is an additional way owners choose to protect their business. For a fraction of the costs associated with property damage, fire, and weather-related damage, your business can purchase coverage from an independent insurance agent that will help you secure your business’s future.

Insurance Keeps Your Business Compliant with Laws
In the great state of Oregon, most businesses are required to have worker’s compensation insurance. If your business does not meet special circumstances that exclude you from the requirement, and you have employees, but you haven’t purchased worker’s compensation insurance, you will likely get fined by the state of Oregon. If you are fined, the fine is punitive and will cost your business significantly more than a workers’ compensation insurance policy.

Commercial auto insurance is another type of insurance business owners must purchase if they drive while transacting business. Both small and large companies benefit from having a commercial auto insurance policy since the policy has larger insurance limits, compared to personal auto insurance.

Increased Protections with Coverage for Risks
Independent insurance agents also offer additional insurance products that protect your business. The following are some insurance products all business owners should consider purchasing:

General Liability Insurance helps protect your business from injury as a result of negligence from employees and products.

Key Persons Insurance ensures businesses are able to remain operational after losing a key person.

Property Insurance helps protect the physical premises of the business from events such as fire and weather-related damage.

Beyond the measures you’ve taken to secure your business, partnering with an independent insurance agency like us can help you reduce the financial ramifications of experiencing a loss. If you are interested in purchasing additional insurance coverage, then you should speak with our independent insurance agent today!