As a business owner, you have a unique set of responsibilities on your plate. Providing appropriate insurance protection for your business, employees, and customers is one of those essential responsibilities. At San Marcos Insurance Group, serving Chandler, AZ, and the surrounding areas, we can help you make the best insurance choices for your business. Keep reading to learn more about commercial insurance.
Do I Need Commercial Insurance?
If you are a business owner in Arizona, you are required to provide certain types of insurance coverage under law. This coverage helps to protect your business, your employees, and your customers and clients. Failing to provide proper insurance could result in fines and other consequences.
Even though you may not be required to provide a specific type of insurance, though is not a good reason to ignore the coverage. A sturdy insurance plan protects the investment of time and money you have made into your company.
What Does Commercial Insurance Provide?
A commercial insurance policy can be customized to suit your needs. In most cases, it will provide the following types of coverage:
- Property damage– This provides money if your property or equipment is damaged during a fire, natural disaster, or burglary.
- Vehicle coverage– Any vehicles used in the business’s operation must be covered according to state law. Drivers of these vehicles must also be covered.
- Liability– Liability coverage is crucial to protecting your business and your assets. This coverage will kick in if a customer, client, or employee is injured at work or because of your goods or services. It can help pay for medical bills or legal fees that might occur.
If you want to learn more about commercial insurance or any other product, please contact us at San Marco Insurance Group, serving Chandler, AZ, and the surrounding areas.