Every business owner has a story of where they started and are heading. Unfortunately, in all this planning, a disaster can strike and cause a standstill to the smooth progress of your business. As a business owner, you should protect the things that bring success to your business by mitigating unforeseen disasters through commercial insurance. It’s, therefore, paramount to understand the significance of commercial insurance in your risk mitigation strategy.
Tons of commercial insurance policies exist. Finding the ones that suit your business can be challenging. However, Biddle-Shaw Insurance Services Inc. narrows down to must-have business insurance policies for your business.
- General liability: Unexpected injuries or damage can occur on your premises while running a business. If the accidents result in bodily injuries or damage to a third party, the insurance takes care of the expenses. Additionally, liability coverage covers the legal fees if the injuries result from negligence and the business gets sued.
- Workers’ compensation: California requires every employer to have employee compensation insurance, even if it’s one employee. If an employee gets injured in the workplace, the policy covers medical or related legal costs if you get sued. The policy also compensates for lost wages if the employee cannot work anymore due to injury or sickness.
- Property insurance: You could suffer a substantial loss if a disaster strikes and destroys your business building and the items inside. Property insurance pays for the loss of your business assets, reducing your financial burden.
- Product liability insurance: Product liability insurance is a must-have if your business sells or manufactures products. It protects your business in case of harm caused by your product.
Commercial insurance in San Francisco, CA
Only in a perfect world will commercial insurance not be required. As a responsible business owner, you need to plan ahead of time in case of an unfortunate event. Commercial insurance gives you peace of mind as you focus on your company’s goals. If you live in San Francisco, CA, and want to insure your business, look no further than Biddle-Shaw Insurance Services Inc. for all your commercial insurance needs.