When you own a business in California, there are a number of types of commercial insurance that you may need, depending on your type of business. There are also a couple of types that are mandated for certain businesses. It’s a good idea to know what the required policies are in case your business must have one. It’s also smart to look into other types of commercial insurance that you may need such as general liability and cyber insurance.
When you need any type of commercial insurance, call us at Reinas Insurance Agency Inc. in Pasadena, CA.
Workers’ Compensation Insurance
Workers’ compensation insurance is a type that protects both businesses and employees from the costs of accidents and illnesses that come with medical bills and other expenses. When someone is injured at work or gets a disease that is work-related, the policy will pay for expenses like lost wages and medical bills. This protects the liability companies have for workplace injuries and illnesses.
For employees, it makes the funds they need available to them in the event of an accident. It’s important for businesses to have this coverage not just because it’s required for all California businesses with any number of employees but also because it protects your business financially.
Commercial Auto Insurance
When you have a California business that owns a vehicle, it’s important to have a required commercial auto policy for it. This goes for all vehicles that your business owns. The policy is required to cover the vehicle against liability, but you can add other types of coverage as well. The law requires the policy to have coverage for both property damage liability and bodily injury liability. These only cover the damage done to someone else’s property or their injuries.
To cover your own property, you can add collision and comprehensive coverage onto your policy. This will protect the vehicle against a wide range of risks.
Get Your Commercial Coverage
When you need commercial insurance, we can help. Call us at Reinas Insurance Agency Inc. in Pasadena, CA.