Purchasing insurance for a agency and its employees is often one of a business’ largest expenses. Fortunately, there are quite a few variables when it comes to commercial insurance in San Diego, and this means that a little extra time spent in the planning stages could help reduce overall costs. Here are some of the factors that must be considered when purchasing a commercial policy.
What Must Be Covered?
The type and amount of coverage that a agency will need is determined by the location of the agency and the industry that they are in. Primarily, agencies need general liability insurance, which will act as their first line of defense following common mishaps such as a customer being injured or damaged property. Depending on the state, it may also be required by law to have property insurance, workers’ compensation, and commercial auto insurance.
Business owners can also consider some of the specialized coverage they may require in the coming years such as umbrella coverage, excess liability, and professional liability. This type of coverage is only needed on a case-by-case basis and will be crafted to fit the unique needs of each agency. When speaking with an insurance provider, business owners may want to inquire about a business owner’s policy (BOP) that will bundle these different types of coverage into one low cost.
Make Coverage a Priority, Not Cost
While it may seem like insurance is just one more monthly expense, these policies can make all the difference when common accidents and injuries occur. Having commercial coverage for your business is a requirement not a luxury, and simply opting for the cheapest policy could spell disaster in the coming months and years.
For more information about affordable commercial insurance that meets your individual needs, call 619-325-0326 and speak with an expert insurance agent from American Tri-Star insurance. We offer free, instant quotes and can answer any questions you may have about insuring your San Diego business.