Liability and Property Insurance San Diego Businesses Can Count On
Accidents and natural disasters typically occur without warning, which is why it’s important to have sufficient coverage for your business, whether it’s a large corporation or a mom-and-pop shop. If you want to protect your company from a lawsuit after a customer slips and falls on your property or make sure your equipment can be replaced after a fire, American Tri-Star in San Diego, CA, has you covered with commercial general liability and property insurance.
General Liability Insurance Keeps Your Company Protected
If someone is injured on your company’s property or one of your employees has damaged a customer’s personal possessions, your business may be facing a lawsuit. General liability insurance is not required for businesses operating in California, but the state of California does not put a cap on liability lawsuit rewards, which means businesses that aren’t equipped with general liability are at high risk of losing their assets. Even if you think you’re unlikely to face a claim, the costs of general liability are far less than those you’ll encounter fighting a case in court. A general liability policy can cover medical costs, legal defense, settlements in the case of a successful suit, and much more.
Business Property Insurance Covers Loss and Damage
Purchasing insurance for commercial property is one of the smartest investments a business can make. Basic property coverage for businesses typically covers losses caused by fires, explosions, theft, vandalism, and damage from vehicles, though you can customize your policy to include other forms of damage. Many businesses must shut down when recovering from a disaster, some even closing permanently, but with a commercial property insurance plan from American Tri-Star in San Diego, you’ll have the support and resources you need to recover quickly. Some of the property you can insure includes:
- The building your business is housed in
- Office equipment like computers, phones, and furniture
- Valuable documents
- Inventory kept in stock
- Manufacturing equipment
You can also choose to secure a plan that pays for losses based on replacement costs or actual value. Replacement cost policies cover the amount your business needs to replace or repair your property with comparable materials, without factoring in depreciation of value, and actual value policies allow you to replace your property with that of a similar quality, but with depreciation taken into consideration.
A business owner’s policy, also known as a BOP, is a convenient way for companies in San Diego to bundle their liability and property insurance. If you need general liability and business property insurance, call Tri-Star San Diego today at 619-272-2100. One of our friendly and knowledgeable representatives would be happy to assist you and provide a free quote.