Whether you are starting a new business or have been running a business for many years, commercial insurance is one of the most important investments you will make and is one of the best ways you can protect your company. Bayshield Insurance Services can help business owners in California explore the options that will best help them avoid losses in case of accident, theft, or business interruption.
We offer many coverage options and you should choose coverage depending on your business operation and needs. While the State of California does not require businesses to carry insurance, there is no limit to how much you could lose in the event of a lawsuit.
Smaller businesses especially take advantage of the Business Owner's Policy (BOP), which combines protection for property insurance and business liability insurance in one package. This allows businesses to save money while protecting against losses from theft, vandalism, and injuries or property damage that could result in legal liability.
If your business owns, rents, or leases automobiles that are used by employees to do work for your company, commercial auto insurance will protect you against any losses that occur as the result of accidents.
California does require that workers be protected in case they are injured or become ill while working. This covers accidents that occur on-site, like falls, and accidents that occur while employees are conducting business off the property.
Because California does not limit how much a plaintiff can recover in a lawsuit, you may want to consider adding an additional level of protection with an umbrella policy. When the aggregate limit of your other insurance policies is exhausted, your umbrella policy will kick in to cover the excess amount of liability.
There are other kinds of commercial insurance California business owners can purchase, like business interruption insurance. Contact Bayshield Insurance Services today to make sure you have all the protection you need for your business.