There’s a wide variety of insurance coverage business owners should know about. Most businesses require numerous kinds of coverage, such as general, professional, and product liability, property, workers’ compensation, and commercial auto insurance. When it comes to buying seguro de negocios, San Diego businesses need to be aware of which types of coverage are most important to keep their companies and their employees protected.
Seguro de responsabilidad civil general
General liability insurance provides a number of safeguards. This type of coverage protects a business from claims that it caused property damage, bodily injury, or personal injury, such as libel or slander. Liability insurance is necessary to protect a business against the possibility of third-party claims, including claims for damage to another person’s property. General liability insurance doesn’t cover the business’s commercial property or the business owner’s personal property.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance, is a type of coverage that’s commonly used by businesses that provide professional services. This insurance protects against claims based on negligence, mistakes, or the failure to perform work.
Product Liability Insurance
If a business manufactures products for sale, product liability insurance is essential. Even businesses that take every possible step to ensure their products are safe can find themselves subject to lawsuits based on damages their products cause. This type of coverage can be customized for specific types of products.
Commercial Property Insurance
Commercial property insurance protects owned or rented equipment and buildings used to operate the business. However, it’s important to know this insurance usually doesn’t cover damage from floods or earthquakes. To protect against these kinds of claims, the business will likely need to purchase a separate policy, such as commercial flood insurance.
Seguro de compensación de trabajadores
Workers’ compensation insurance provides employees with medical benefits and replaces some or all of their wages if they get injured or sick in the course of their employment. In most states, businesses with employees are required by law to carry workers’ compensation insurance. Businesses that don’t comply with this requirement can face penalties, fines, and even criminal charges.
Seguro de auto comercial
Commercial auto insurance provides protection for businesses and their employees who drive company-owned vehicles for business purposes. This protection extends to property damage and bodily injury claims resulting from accidents involving company vehicles, including cars, SUVs, trucks, and pickups. This coverage is essential because personal car insurance won’t cover third-party claims for accidents caused by people driving vehicles the business owns.
Businesses owners need to make sure their companies and employees are protected by purchasing appropriate insurance coverage. For affordable, reliable commercial insurance as well as homeowners, renters, motorcycle, and auto insurance Chula Vista call on the trustworthy professionals at Altra Insurance Services. Reach out to us today at (619) 404-6311 to learn how we can satisfy all your insurance needs.