In California, small business owners choose insurance policies based on their location and how they operate. Some more modest companies operate solely from the owner’s home. Others utilize small office spaces and hire workers. Barranca Insurance Services Inc customizes insurance policies to meet the needs of small business owners.
Covering Common Liabilities
Small business owners face liabilities associated with their services, products, and visitors. The liabilities include a breach of contract, product liabilities, and premise liabilities. The issues lead to possible lawsuits that create serious financial risk for the business owner. For smaller businesses, the outcome includes a total shutdown of their company.
Protection for the Business Location
The commercial property is covered under commercial property coverage. The property insurance pays for the replacement of the property and repairs. If the small business is at their home, the insurance covers the area used for their business only. The owner receives limited coverage through their homeowner’s insurance policy.
Commercial Auto Insurance
Commercial auto insurance covers all vehicles used for the business. Select policies offer protection for cargo delivered to clients. The policies provide coverage for accident injuries and auto repair expenses. The coverage level defines which party is covered by an accident. The business owner needs standard auto coverage if the auto-mobile is used for personal reasons.
Riders for Business Equipment and Inventory
A rider is used to cover business equipment and inventory stored in the owner’s home. The rider identifies each item and its value. The coverage replaces the items based on their exact value. The additional coverage prevents a serious financial loss and ensures that the company continues operating.
Worker’s Compensation Coverage
The small business owner doesn’t need worker’s compensation unless they hire more than one worker. The policies offer monetary benefits for workers who are recovering from accident injuries. The medical costs for the worker are covered, too.
In California, small businesses identify risks when choosing policies. The clients they serve and workers they hire define their coverage needs. A local insurance provider helps the owners review risks and obtain the right coverage level for them. Business owners who need more information contact Barranca Insurance Services Inc or Visit the Website right now.
