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.

When you are looking for a fun and exciting career, being a business owner can be a good decision to consider. There continues to be a lot of opportunity for success for business owners, particularly if you open one in the Green Valley, AZ area. When you are going to start a company here, it is important that you protect and secure it with insurance. Arizona businesses need commercial insurance for a few different reasons.

Insurance is a Requirement for Many Businesses

One reason that you should get a commercial insurance plan for your Arizona business is that it is often a requirement for business owners here to maintain this coverage. If you have taken out a business loan or raised outside capital, having commercial insurance is required. This insurance protection will ensure that the business assets are covered and that the lender or investor’s investment is protected against a variety of losses.

Insurance Protects Business

Even if you do not have commercial insurance requirements, having coverage is a good idea. A business that has commercial coverage will be protected against the risks of asset loss and liability claims. As both of these situations could be detrimental to your company and threaten future viability, your insurance policy could help to keep your organization fiscally healthy in tough times. 

Those that would like to start a small company in the Green Valley, AZ area should consider reaching out to the Insurance Center of Green Valley. Those that choose to contact the Insurance Center of Green Valley will find that the team offers a lot of resources that can help you choose a new plan. When you do call them, they will offer personalized guidance that will help any business choose a plan that offers ideal insurance protection. 

In Arizona, there are two types of commercial insurance that are required of virtually every business in the state. In addition to these, there are several types that may be helpful to your business but are not required by the state. If your business needs insurance, whether required or not, call us at the Insurance Center of Green Valley in Green Valley, AZ.

Commercial Auto Coverage

Every Arizona vehicle that is owned by a business of any size must have commercial auto insurance. There is a mandatory minimum amount of coverage that you must have for injury liability for one person and another amount for all of the injury liability for the entire accident. There is also an amount required for property damage liability for an accident. All of these required amounts are low when compared to most other states, so it’s often recommended to get a higher amount of coverage than the set minimum.

Workers’ Compensation Coverage

This type of coverage pays for the medical bills of employees when they have gotten sick or been injured in the workplace. This coverage is mandatory for every business that regularly has one or more employees whether those employees are part- or full-time. This protects your business against having to pay expensive medical bills if an accident or other incident should happen. It also keeps employees protected, as they will know that if they were to get sick on injured at work, there would be funds to pay for it.

Call to Talk to an Insurance Agent

If you need commercial insurance for your business, call us at the Insurance Center of Green Valley in Green Valley, AZ. Make an appointment to talk to an agent about these coverage types as well as the many optional types that may be recommended for your type of business. 

The Green Valley, AZ area can be a great place to work and live. The strong local economy also makes it an ideal place to start a small business. As you are trying to put your business plan together, you also have to spend time thinking about your insurance needs. There continue to be a few reasons why you need to have a commercial insurance policy in this area of the state. 

Insurance Protects Company

A key reason to get commercial insurance for your company is that it can protect your organization. A small business will have a lot of risks that they need to mitigate as well as they can. When you get commercial insurance, you can mitigate a variety of risks that pose threats to the organization. With commercial insurance, you will have coverage against liability claims and can protect your most valuable business assets. 

Insurance Required by Stakeholders

You will also need to have commercial insurance as it will be required by stakeholders. Raising capital through a loan or outside equity is a good way to grow a business. Whenever you do this, your business will have commercial insurance requirements set by the investors or stakeholders. If you do not meet their insurance requirements, it will put you in default of your agreements. 

As you are looking to protect your business in the Green Valley, AZ area, you will determine that having proper insurance is crucial. When trying to build a commercial insurance policy here, it would be a good idea for you to call Insurance Center of Green Valley. The insurance team with Insurance Center of Green Valley understands the complexities that come with commercial coverage. They will then assess your business risk factors and requirements and help you build an appropriate insurance plan.