Monthly Archives: January 2019

Commercial Insurance For Your Small Business

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If you think your business is too small to insure at all, much less purchase commercial insurance for, you may be in error. Your small business may benefit by the big protection of commercial insurance. At Insurance Center of Green Valley we want our local small businesses to succeed no matter what comes their way, so check if you should be covered if you have a business of any size. We serve businesses in Green Valley, AZ and the surrounding area. 

Does Your Small Business Need Commercial Insurance? 

According to the Arizona Small Business Profile, a small business is a company with fewer than 500 employees and makes up more than 97% of all state employers. It is vital that these small businesses are all protected as much as possible with insurance to keep our economy up. 

Even if your business is nowhere near 500 employees, insurance is still a good idea. In fact, if you have one or more people who are part or full time, you are required by the state to carry worker’s compensation insurance. Also, all drivers must have minimum auto insurance, but if you use your vehicle for your business it is wise to get commercial vehicle insurance, no matter if you are the only one driving it in your business. 

While the above is required, commercial property insurance and commercial automobile insurance are not legally mandatory. Regardless, it is prudential to protect your source of income and your employees’ livelihood with commercial insurance. Even if your company is fledgling or very small, you still have a lot to lose if things go wrong and a good commercial insurance policy can save the day. 

Contact us at Insurance Center of Green Valley, AZ if you are interested in protecting your business. We can discuss your options and come up with a policy that fits you. 

 

What Auto Insurance Do I Need?

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For those that are in the Green Valley, AZ area, owning a car is practically a necessity. If you do have a car in this area, it is important that you have it properly covered by insurance. Since there are so many different options out there today, picking the right policy can be hard. There are several factors to consider when you are trying to find the right insurance for your situation.

Bare Minimum Requirements

Both state law and auto insurance lenders will require that you carry auto insurance. Per the state guidelines, you will be required to have minimum liability coverage of at least $10,000 in property damage coverage with $15,000 / $30,000 for bodily injury coverage. If you have an auto loan, your lender will undoubtedly require that you have collision and comprehensive coverage in place as well with a coverage level sufficient to cover your loan amount.

Additional Coverage

In many situations, you may also want to have additional coverage on top of your base requirements. If you do not have a loan or lease on the vehicle, having collision and comprehensive coverage is still often preferred as it will pay to replace your car in a variety of situations. Further, the state mandated liability coverage levels are not normally recommended as they do not often provide adequate coverage. 

If you are in the Green Valley, AZ area and are in need of auto insurance for your car, you should reach out to the team at Insurance Center of Green Valley. The Insurance Center of Green Valley knows the law and other auto insurance requirements. Their experience and insight will help you to decide what type of insurance you should get and how much coverage you need. This will result in you getting the appropriate level of protection.