from Independent Group Agency
Insurance coverage is vital for the financial security of your business, and should not be rushed through while purchasing it. Buying business insurance is a complex process and you want to make certain you work with a insurance agency who will take the time to ensure that you have the protection you need to keep it safe.
Many insurance agencies convince company owners that if they purchase a Business Owners Policy (BOP) it will be all that they need, this is not always the case. While BOPs are inexpensive and advantageous for some small companies, it only covers some facets of your business. It is always prudent to buy added business insurance coverage to go along with a BOP that meets the specific needs of your industry.
There are a lot of different coverage options for businesses. Not only can you get general business coverage (usually in the form of a “Business Owner’s Policy”), but you can also get coverage for the specialized needs of your business.
Excess Liability Insurance – An excess liability insurance policy acts as an umbrella to your basic liability insurance. This type of coverage kicks in when a claim is made against you that exceeds the amount of your existing liability coverage. Umbrella or excess liability insurance provides a safety net when your other business coverage has been exhausted.
Commercial Auto Insurance - Because company vehicles can be used for company and individual use, they regularly command extra security than what is covered under a BOP.
Commercial Property Insurance - protects your business from loss due to physical damage and depends on whether the premises is actually insured, and the type of event that lead to the loss. It can also be designed to cover what a BOP does not like; furniture, inventory, equipment, stock, cash on the premises, outdoor signs, Inventory, etc...
Errors & Omissions - This type of policy covers most costs and claims that may occur because of errors caused by employees, failure to complete/perform work promised within a contract, etc. It’s important to consider all the risks to your business and all possible errors, omissions, and mistakes that can be made by professionals in your field
Group Benefits - Employee benefits may include but are not limited to: Health insurance, Retirement plans, Long term Disability, Dental, as well as voluntary products.
Workers compensation insurance - s a rule, a business with five or more employees would be mandated to obtain workers comp insurance to cover therapeutic expenditures, permanent disability, and a portion of the injured employee’s wages.
A business is a huge investment; do not leave it to chance by having a inadequate B.O.P. insurance policy. No matter how big or small a business is we offer many options for business owners insurance. Contact us today and find out how we can save you time and money on a BOP for your business.
The Products and coverage above is only a description of Insurance products offered by Independent Group Agency and your insurance policy coverage’s will vary depending on types of endorsements and riders that are purchased by the Individual in California.
We know how to find discounts on businessowner policy insurance you may not find on your own. Give us a call, or get a quote online today.
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Independent Group Agency
15928 Ventura Blvd. BL #216
Encino, California 91436
Independent Group Agency
21700 Oxnard St #1045
Woodland Hills, CA 91367
9AM - 5PM Mon - Fri