Business & Commercial Insurance
Business & Commercial Insurance Quote Forms
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Business & Commercial Insurance Information
Business insurance can provide financial protection from lawsuits, theft, vandalism, property damage and other common business risks. Without it, your organization could face costly out-of-pocket expenses that could cause financial hardship or bankruptcy. Contact Carlos Villalobos Insurance Agency Inc. to learn more about business insurance coverage.
What Is Business Insurance?
The term “business insurance” refers to a range of coverages that can help protect your business from financial losses. It is a contract between you and your insurance company. If you continue to make your premium payments, your insurer must pay for losses from covered perils, up to your policy limits.
How Does Business Insurance Work?
If an incident at your business (e.g., vandalism, fire) causes a financial loss, you can file a claim with your insurer. Your insurance company will approve or deny the claim per your policy terms. You may be asked to provide proof of loss when filing a business insurance claim. This could include an inventory of all damaged or destroyed items, a signed proof of loss statement and any other information your insurance company requires.
What Does Business Insurance Cover?
The coverage provided by your business insurance policy will vary with your insurer and the types of coverage you select. The following are examples of standard business insurance policies:
- General liability insurance
- Commercial auto insurance (e.g., fleet insurance)
- Product liability insurance
- Professional liability insurance
- Business income insurance
- Business property insurance
- Workers’ compensation insurance
- Employment practices liability insurance
What Business Insurance Covers Theft?
Generally, a business property insurance policy covers physical business assets that are lost or stolen. However, it will typically not cover stolen cash. To protect your business from cash theft, you may want to consider commercial crime insurance.
What Business Insurance is Required by Law?
Most states generally require workers’ compensation insurance for businesses with employees. Certain industries may have additional requirements, such as commercial auto insurance or professional liability insurance. Ask your insurance agent or contact Carlos Villalobos Insurance Agency for more information on business insurance requirements for your company.
How to Get Business Insurance
The agents at Carlos Villalobos Insurance Agency are here to help you find the right insurance for your business needs. Contact us to learn more about the types of business insurance we offer and to get a free quote.