Business InsuranceBusiness Insurance in Napa, CA
Running a business comes with unique opportunities and challenges. It’s important for business owners to control the financial burden of unexpected risks that may cause significant losses. One solution is having robust insurance coverage.
What Are My Coverage Options for My Business?
In California, most businesses must carry workers’ compensation insurance to cover their employees’ medical bills, funeral expenses or lost wages following a workplace accident. Vehicles used for commercial purposes must also be covered by a commercial auto insurance policy.
Depending on your business needs, your broker may also recommend the following policies:
- Business owners’ policy combines key policies like general liability, business income, and property insurance into one policy.
- General liability insurance can help pay for expenses related to third-party claims of bodily injuries, advertising injuries or property damage made against your business.
- Commercial property insurance can cover damage to physical property, such as storefronts, equipment, inventory, furniture and tools.
- Professional liability insurance can be helpful if you’re found liable for negligence after providing services to a client.
- Cyber insurance can cover losses if your business is affected by a data leak or a cyberattack.
How Much Will It Cost to Insure My Business?
The cost of business insurance policies may depend on many factors. Among these factors are:
- Industry
- Location
- Claims history
- Number of employees
- Driving records
- Business assets (e.g., commercial space/s, inventory, vehicles, equipment, etc.)
- Policy specifics (e.g., deductibles, coverage selections)
Why Choose Compass of California Insurance Services for Your Business Insurance Needs?
At Compass of California Insurance Services, our team can help you understand your operations, identify potential risks and recommend coverage options that fit your goals and budget. Contact Compass of California Insurance Services today to request a free, personalized quote.