At the Insurance Center of Green Valley, we always face this question from our Green Valley, AZ clients: Is commercial insurance only for liability protection? While commercial insurance protects you from advertising injury, property damage, and bodily injury liabilities, liability protection isn’t the only reason to purchase commercial insurance. Here are a few more reasons.

Compliance with the law

The Arizona State requires businesses to carry the below mandatory business insurance coverages:

• Commercial auto insurance: It’s required for all vehicles used for business purposes. It provides liability and damage protection for your commercial vehicles. 
• Workers’ comp insurance: If you have employees in your business, the law requires you to purchase workers’ comp insurance. This insurance covers employees’ medical costs, final expenses, and partial loss of income following work-related injuries. 

Physical assets protection

Let’s take an inventory count of your business assets — buildings, inventories, electronics, furniture, and vehicles — the list can go on and on. Now, imagine fire or hurricanes have struck your business. The resulting damage could be so massive, grinding your business to a halt.

Fortunately, when you have business insurance, damages to your business property and its contents are compensated up to your policy limit. While commercial insurance doesn’t protect your business against threats, it ensures you don’t start from scratch when the unthinkable happens.

Cyberattacks protection

If you have been keen on the news, you might have noticed the unspeakable damage caused to businesses by malicious online activities. For this reason, cyber insurance protects organizations from data breaches and associated costs of managing cyberattacks. Cyber insurance covers notification costs, defense costs, and government fines and penalties following a cyberattack.

Commercial insurance in Green Valley, AZ

Since your business means the world to you, partnering with the right insurance agent that takes your business interests at heart is an invaluable partnership. At the Insurance Center of Green Valley, we care about your business as much as you do. Contact us today for all your commercial insurance solutions. Let’s take care of your insurance needs as you prioritize more pressing needs.

As a homeowner in Green Valley, AZ, you already have a home insurance policy. The major question you have been struggling to understand is whether you need a separate insurance policy to cover your properties. According to the Insurance Center of Green Valley, your home insurance may help you cover your personal properties. However, there are some times when you need separate property insurance. 

When You Have Valuable Properties

Home insurance is fundamental. It helps in covering the exterior structure of your house and can cover some simple properties inside. Unfortunately, home insurance does not cover valuable properties. You must have a separate insurance policy that can help you to protect such requirements. Many homeowners are faced with great shock when they realize this. You need to prepare in advance to avoid possible issues.

When Living in Rental Properties

If you’re living in a rental property, you have not paid for the home insurance. Your landlord has paid for such insurance. However, they have not covered your personal properties. That is why you need to make sure that you have separate personal property insurance. However, you can always benefit from rental property insurance, which helps in covering your belongings.

When You Experience a Flood Problem

Flooding is a complex issue when it comes to insurance coverage. Most of the insurance companies are focused on avoiding it. Your personal properties will not be covered if they have been damaged by sewer floods. There will be an assumption that you could have prevented such flooding. To be on the safe side, you need to make sure that you have personal property insurance. 

Speak With an Expert

Insurance Center of Green Valley is the leading insurance company in Green Valley, AZ. If you’re getting it tough to decide on the need for personal property insurance, you can speak with our expert for clarification.