Whether your business is a sole proprietorship or a multimillion-dollar corporation, you will need business insurance. This is because your business is faced with a variety of risks including fire, fraudulent employees, injured customers and employees, as well as discontented customers, to mention a few. Business insurance services have different types of coverage to protect your business from incurring financial losses that are a direct consequence of such above-mentioned incidences and more. Even if your business is a corporation, being shielded from personal liability by the corporate veil, you will still require Commercial Insurance Services in San Francisco CA because not even the corporate veil will protect you from being sued in certain circumstances. Here are some of the available types of business insurance.
Commercial auto insurance
This insurance will protect your business from losses or damage to vehicles that are used in business operations. It also covers damage to other vehicles or property that has been caused by your business vehicles.
Personal liability insurance
This insurance will protect your business from costs incurred in court in the event that someone sues you for negligence. For instance, if someone slips and falls on while being within your business premises, this insurance cover will pay for the costs of hiring an attorney as well as for the court costs and award in the event that you lose the case.
Property insurance
This insurance will cover the physical location of your business, whether it is a rental or a lease, as well as its contents from such incidences as fire, theft, vandalism, earthquake, hurricanes, tornadoes, and floods among others.
Product liability insurance
This insurance coverage will protect you from damages that are a direct consequence of a faulty product that has been designed, manufactured, or supplied by your business.
Workers compensation insurance
While most businesses will adopt protective measures to minimize the chances of employees getting injured in the course of their job, accidents will still occur. Therefore, the law will require that you participate in workers’ compensation programs that will ensure that employees are adequately compensated for any injury or disability that occurs in the course of their employment.
If you are contemplating starting a business, you will need Commercial Insurance Services in San Francisco CA. For this purpose, contact Ahern Insurance Brokerage. They provide competitive insurance policies in San Francisco CA. To find out what else they offer visit their website at aherninsurance.com.
