What Business Insurance Coverage Does Your Business Need?

Regardless of the size of your company, you need adequate business insurance to protect you from a potential loss. However, finding the right business insurance can be difficult, especially if your company is new. Many different options exist, and not all coverage is the same.

Business Insurance Basics

The purpose of business insurance is to protect your business from loss in the event of an accident, natural disaster, or another type of covered event. If a covered event occurs and you have the right type of insurance, you can file a claim with your insurer and receive compensation to cover your losses. Without the right insurance, you will have to pay for all of your losses on your own. 

Types of Business Insurance

Several types of business insurance exist to cover different assets and events. Some of the most common types include:

  • Workers’ Compensation Insurance – Workers’ compensation insurance is a policy that provides benefits to workers who are injured or become ill because of their job.
  • Property Insurance – Property insurance covers all of the physical assets your business owns, including equipment, buildings, computers, and other property. Property insurance usually protects you in the event of theft, fire and certain natural disasters.
  • General Liability Insurance – General liability insurance provides protection for your company when people or other organizations file certain types of claims against it. Claims may arise because of injuries, property damage, slander or libel.
  • Commercial Auto Insurance – Commercial auto insurance covers you and your employees when you drive a vehicle you own, rent, lease or borrow. In many states, this type of coverage is mandatory.

Other types of more specialized business insurance are also available. In addition, some types of insurance are required by law, while others are optional. A qualified insurance agent can help you decide what types of coverage are best for your company.

Contact an Experienced Insurance Agent

If you own a business in Southern California, it’s important to be sure that you have the insurance you need to protect your company. Without the right insurance coverage, a single disaster could leave your company in financial ruin. Pacific Unified Insurance is a full-service insurance brokerage that can help you find the coverage you need. Contact us today to talk to an independent agent who can help you compare policies and find the best deal on business insurance.

Dave Leahy (133 Posts)

Born and raised in Southern California, Dave was educated at Loyola High School and Arizona State University. After graduation, he founded two successful restaurants in Arizona, eventually selling them to move back to California. He began his insurance career working for Canadian Indemnity Insurance Company before joining Frank M. Flynn & Company in 1979. In 1985, he purchased the agency, eventually joining other local insurance agency owners to form Pacific Unified Insurance in 1992.


Filed under: Business Insurance Agent,Commercial Insurance — Dave Leahy @ 9:13 am June 28, 2017


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