- What is it?
Small business insurance is tailored to meet the risk mitigation and budgetary needs of local and statewide businesses. Many types of insurance are available at affordable rates.
- Who’s it for?
Business owners who have to meet specific small business liability insurance requirements should speak with a knowledgeable agent. An agent who specializes in small business auto policies will be familiar with the state’s coverage requirements for vehicles, and they can also help secure any other necessary liability coverages.
- What is offered?
- Commercial Property Coverage
- Tenants Betterment Coverage
- General Liability Coverage
- Errors and Omissions Coverage
Small Business Insurance in California
What is small business insurance?
Even small businesses are exposed to potentially expensive risks. Customers can fall on company property, expensive equipment can be stolen, company cars can be in accidents, and any number of other things might go wrong. Small business insurance offers California businesses protection against many covered risks, often including perils like these.
Small business insurance is tailored to meet the risk mitigation and budgetary needs of local and statewide businesses. Many types of insurance are available at affordable rates.
What businesses in California should carry insurance?
Most small businesses located in California should have at least some insurance. Policies are available for restaurants, retailers, contractors, distributors, landscapers and many other businesses.
In some cases, small business liability insurance may be required. Businesses are generally required to carry liability coverage on any vehicles that they use. Those that work on big projects with government or commercial customers could find that certain jobs are only available if liability coverages are in place.
Business owners who have to meet specific small business liability insurance requirements should speak with a knowledgeable agent. An agent who specializes in small business auto policies will be familiar with the state’s coverage requirements for vehicles, and they can also help secure any other necessary liability coverages.
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What insurance policies do insurance companies make available to small businesses?
Insurance companies offer many different policy options to small businesses. These include property coverages (which normally protect assets), liability coverages (which normally protect against lawsuits) and others. Some of the more commonly chosen coverages are:
- Commercial Property Coverage: May cover owned buildings, equipment and inventory
- Tenants Betterment Coverage: May cover build-outs of leased spaces
- General Liability Coverage: May cover common accidents and defamation lawsuits
- Errors and Omissions Coverage: May cover errant advice given by professionals
- Cyber Liability Coverage: May cover data breaches of employee/customer information
- Workers Compensation Coverage: May cover on-the-job injuries and illnesses
- Commercial Auto Coverage: May cover owned and/or unowned vehicles driven for work
What auto insurance coverages do insurers make available to small businesses?
Insurance companies likewise offer many different auto insurance coverages for the various vehicles that small businesses use. Depending on its vehicles, a small business might want:
- Commercial Auto Insurance: Generally covers cars owned by a business
- Commercial Trucking Insurance: Generally covers a wide range of trucks
- Semi Truck Insurance: Generally covers tractor-trailers, tankers and other large trucks
- Flatbed Truck Insurance: Generally covers flatbeds and similar trucks
- Dump Truck Insurance: Generally covers dump trucks and similar equipment
- Cargo Van Insurance: Generally covers vans and other smaller straight vehicles
- Box Truck Insurance: Generally covers box trucks and larger straight vehicles
- Bus Insurance: Generally covers passenger vans, private buses and school buses
- Fleet Insurance: Generally covers five or more business-owned vehicles
In addition to these, businesses can also get taxi insurance, limousine insurance and other specialized policies.
Businesses that rely on non-commercial vehicles that are owned by individuals frequently need hired and unowned auto insurance. This coverage usually provides small business liability insurance should an owner’s or employee’s personal vehicle be involved in an accident while the owner is driving for work.
When are business owners policies appropriate?
Most business owners policies package together basic insurance coverages that almost all businesses need. A BOP could provide general liability, commercial property and cyber liability insurance coverages, for example.
These policies are often suitable for small businesses that have only basic coverage needs. An experienced agent can help businesses determine whether this policy option sufficiently meets their needs.
How can small businesses in California get a business owners policy?
Both business owners policies and commercial package policies can be suitable for small businesses.
Business owners policies tend to provide a standard set of included coverages, and limited optional ones. These policies are most often purchased by small businesses that have basic insurance needs.
Commercial package policies come with many more coverage options. They’re most frequently purchased by larger businesses, and small businesses that have particular coverage needs. If a business owners policy isn’t suitable, a commercial package policy likely is.
Business owners can get advice as to which policy is most appropriate for their situation by speaking with an experienced insurance agent.
How can small businesses in California get small business insurance?
For help insuring a small business that’s located in California, contact the independent insurance agents at Truck Writer Insurance. Our agents are familiar with the many small business insurance policies that different businesses could need, and we’ll make sure you find the right policy option for your business.
What People Say About Truck Writers Insurance Services
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