The Green Valley, AZ area has continued to provide many advantages to small business owners. While you can benefit by running a business in this part of Arizona, there are standard risks that come with operating any business. Some of these risks can be mitigated with proper insurance. When you have a commercial insurance plan, you will receive various types of support.

Coverage for Business Assets

If you invest in a commercial insurance plan, you will first obtain coverage for your commercial assets. Most businesses will need to purchase equipment, tools, inventory, and other assets to get up and running. The right commercial policy will give coverage for those assets if they are damaged in an accident or fire, if they are stolen, or if you incur another type of loss. 

Offset Liability Risks

It would be best to consider getting a commercial insurance plan to offset your liability risks. Businesses will always have commercial liability risks, and being found liable for an accident could result in a significant loss. However, if you are insured with the right type of policy, you can have coverage to offset these risks. Your insurance provider will offer liability coverage up to the limits of your insurance plan. 

The Green Valley, AZ area has continued to provide many opportunities for success for small business owners. If you aim to start a business here, a commercial insurance policy is helpful. Once you start looking for this coverage, it would be wise to call the team with the Insurance Center of Green Valley. The team with the Insurance Center of Green Valley knows how important this coverage is, and they will give guidance so you select the right plan. Contact our office to get started with a quote.

If you want to operate your business in Arizona, the law requires you to invest in worker’s comp and commercial auto insurance if you have business vehicles. But should you stop at this? State-required business insurance is just a minimum. If you need all-rounded protection for your business, please invest in supplemental policies. Insurance Center of Green Valley in Green Valley, AZ shares four policies you can consider to boost your commercial insurance.

General liability insurance

Regardless of the size or nature of your business, don’t run your business without business liability insurance. This policy protects your business from expensive liability claims that can cripple your business. General liability insurance cushions your business when other people accuse you of bodily injury, property damage, and advertising injury.

Property insurance

Your business owns several assets to ensure operations run smoothly. While you have security measures to safeguard your assets, you should consider business insurance as an added layer to the safety of your assets. Commercial insurance covers losses to your assets when damage or loss arises from fire, theft, vandalism, and other risks listed in your policy.

Cyber liability insurance

Do you store sensitive customer data? Do you operate an e-business? You must invest in cyber liability insurance to protect your business against cyber crimes. This policy minimizes your financial exposure when your IT systems have been compromised.

Professional liability insurance

Do you offer professional services? Consider investing in professional liability coverage. This policy protects you from actual or alleged negligence, incomplete work, or missed deadlines. Professional liability insurance covers the associated costs if stakeholders show they have suffered financial losses because of your advice.

Are you shopping for commercial insurance in Green Valley, AZ? Please contact the Insurance Center of Green Valley for an affordable quote.

As a business owner, you understand the importance of protecting your investment. Commercial insurance can provide the coverage you need for an accident, property damage, or liability claim, whether you have a brick-and-mortar store or small manufacturing business. But with so many different types of commercial insurance available, it can be challenging to know which policies are right for your business. Here are four types of commercial insurance that every business should consider.

1. Property insurance: This policy covers damages to your property, including your building, equipment, and inventory. If your property is damaged by fire, theft, or vandalism, property insurance can help you cover the cost of repairs or replacement.
2. Liability insurance: The policy protects your business from claims arising from injuries or damages caused by your products or services. For example, suppose a customer is injured on your premises, or a third party suffers damages due to your business activities. In that case, liability insurance can help you cover the cost of legal defense and any resulting judgments or settlements.
3. Product liability insurance: The policy covers claims arising from product or service defects. Suppose a customer is injured or suffers damage from using one of your products. In that case, product liability insurance can help you cover the cost of legal defense and any resulting judgments or settlements.
4. Business interruption insurance: This policy covers lost income and expenses incurred if your business is forced to shut down due to an accident, fire, or other covered events. Business interruption insurance can help you keep your business afloat during these difficult times.

Get Commercial Insurance in Green Valley, AZ 

These are just four types of commercial insurance available to businesses today. By working with an experienced agent from the Insurance Center of Green Valley, you can find the right policies for your business and budget. Don’t wait until it’s too late—protect your investment with commercial insurance today.

Neglecting to invest in adequate commercial insurance coverage is one of the biggest mistakes you could make as a business owner. Unfortunately, many business owners aren’t adequately covered because they have certain misconceptions about commercial coverage.

The following are three common misconceptions about commercial insurance that you need to be aware of as a business owner. 

You only need commercial insurance if you have employees working for you.

While worker’s compensation coverage is one of the most important types of commercial insurance to carry, you still need commercial coverage even if you have no employees.

Sole proprietorship operations still have liability issues to deal with, as well as property and commercial auto coverage needs, even if they don’t have any employees. You shouldn’t assume that you don’t need commercial coverage simply because you have no employees. 

Only large companies need commercial insurance coverage.

Many business owners forego commercial coverage, assuming that their commercial operation is too small to need it. However, it’s never a good idea to assume that your company is too small for commercial coverage. Even small companies can face enormous expenses as the result of lawsuits and other problems that can come up. That’s why commercial operations of all sizes need insurance coverage. 

Home insurance or auto insurance covers business operations.

If you’re running a business out of your home or using your personal vehicle for commercial purposes, your home or auto insurance won’t cover your commercial operations. You need to invest in commercial insurance to protect your operations in these situations. 

Being informed is essential when it comes to making the right decisions about your commercial insurance coverage. At the Insurance Center of Green Valley, we offer commercial insurance coverage in Green Valley, AZ. Contact us to find the right commercial insurance solutions for your company.