Commercial Insurance in Modesto, CA
Running a business involves juggling many responsibilities and taking calculated risks. One way to manage those risks is by investing in commercial insurance, also called business insurance. This essential coverage may protect your company from financial losses from unexpected events like property damage, lawsuits or employee injuries.
Who Needs Business Insurance?
If you operate any business, you likely need insurance. Entrepreneurs, freelancers, small business owners and large corporations all face risks unique to their industries. For instance, a retail shop might need protection against theft, while a contractor could require liability coverage to handle job site accidents. Small home-based businesses may also benefit from specialized policies that cover risks not included in standard homeowner’s insurance.
What Does My Policy Cover?
Commercial insurance may cover a broad range of risks depending on the policy type you choose. Tailoring coverage to your needs can address specific vulnerabilities. You may select typical coverage options such as the following:
- General liability insurance may cover third-party claims for injuries or property damage caused by your business.
- Property insurance may cover damage to your building, equipment or inventory due to events like fires or windstorms.
- Business interruption insurance may cover income loss and operating expenses if your business is forced to close temporarily due to covered events.
- Workers’ compensation insurance may provide medical and income benefits to employees injured on the job.
- Professional liability insurance may provide financial aid to professionals following negligence claims or accusations of mistakes.
How Much Does Coverage Cost?
Business insurance rates are usually based on factors like your industry, workforce size and the coverage you select. High-risk industries may pay more than low-risk fields. Annual premiums can range from a few hundred dollars for small businesses to several thousand for more extensive operations. Speak to an insurance agent and get a personalized quote to determine what you’ll pay for a policy.
Contact Us
SaveDirect Insurance Agency LLC offers a wide range of affordable business insurance options. Let us guide you in selecting the ideal policy for your situation. Contact us today.