Running a business is not for the faint of heart. Deciding to run your own business puts you in a place of responsibility that the average employee does not have to deal with. It is important to make sure you are covering all your bases as a business owner. This is why commercial insurance general liability is so important. When learning about this type of insurance, you may feel lost at first. However by researching for just a short amount of time, you will discover that this type of business insurance is one that will give you a peace of mind like never before. Here are just a few of the many benefits that commercial insurance general liability has to give.
Here are some of the most common questions we at Insurance Professionals of Arizona (IPA) get about hazard insurance for businesses:
Medical payments due to work injuries
When you are working at your place of business, you or an employee may have an accident that results in injury. While workers’ compensation will cover some of the injuries, there are other medical payments that are not covered by it. This is where commercial insurance comes into play. Commercial insurance offers larger coverage when a workplace injury does happen to an employee. As this will make sure your employees are well taken care of in all types of situation of workplace injuries.
Damages to your place of business
Natural disasters, riots, fires, and break-ins are just a few of the many things that can happen to your place of business. Having a commercial insurance protect you from all these will never have you worried about your work. Your insurance will help you when any of these issues occur. Any business damage should never have you worrying about getting your company back in order. Finances should be at the bottom of your list. Having a solid commercial insurance policy will have any damage done fixed in a timely manner.
Property damage that takes place at your business will be covered
When you own a business, you are going to likely have a lot of equipment and goods. While you can’t protect them around the clock, you can get commercial insurance to help you replace them if anything ever happens to them. You never know what is going to break or get damaged. This is why it is a better idea to just have the insurance to cover your bases. There is nothing like having an essential piece of equipment break and not being able to replace it. This can put your entire operation at a halt. With commercial insurance, you will be able to replace any essential equipment quickly so that your business can continue to thrive.
Commercial Insurance General Liability is a tax write off
At the end of the year, it is great to have as many tax write-offs as possible. All of the premiums that you pay on your commercial insurance will count as tax write-offs. While you are protecting your business, you are also lowering the amount of money that you will have to spend on your taxes at the end of the year.
High-risk businesses can easily be insured
A myth in the insurance world is that you can’t insure a high-risk business. There are many potential business owners who have not even started on their dreams because they are afraid they can’t insure it. For example, a skatepark is a very high-risk business. On a regular basis, customers may break their bones and go to the hospital. This is a magnet for potential lawsuits. However, if there ever was a lawsuit that was able to slip through the cracks, commercial insurance would be able to take care of you in a situation like this.
Insurance professionals will be able to help you understand all the ins and outs
Our insurance professionals are here to help you. Commercial insurance may seem like something that is just out of your reach. However, we will help you understand all of the details. You don’t have to have a business degree to learn about business insurance. We will walk you through the process in a way that makes sense to you.
Commercial insurance general liability doesn't have to be expensive
When you hear about something like commercial insurance, your first reaction may be that it is just too expensive. However, there are all different kinds of commercial insurance policies. Have a small business? Our professionals will help you find a policy that is the right fit for you without breaking the bank. However, if you need a great deal of coverage for a bigger business, we will still be able to find you a reasonable insurance policy that will give you the protection you need without cutting too far into your budget.
Some clients will require commercial insurance
When you are signing contracts with clients, many of them will actually require commercial insurance. It is important to preemptively have this insurance before you start looking for clients. There is nothing quite like losing a big deal just because you do not have the insurance needed to make it happen. This is also very true when you are working with government contracts. Almost every time you work with a government entity, they are going to ask you to have commercial insurance.
If you are feeling a bit overwhelmed with commercial insurance, don’t fret. Our team of friendly insurance professionals is here to help you find a policy that will give your business all the protection it needs. We will work with our insurance provider network to find a commercial insurance policy that is right for you. Don’t procrastinate on your business insurance. It is important that you are covering everything in order to run your business. Give us a call today and we will start searching for a commercial insurance policy that will work best for you. Give yourself peace of mind. Protect your business with commercial insurance today.
Here at IPA, We Care About You
Our business has over 15 years of insurance experience in the State of Arizona. IPA strives to make your insurance experience as smooth as possible. That is why we offer online and in-person options for you. This allows you to choose what is going to be best for you and your situation.
We want you to feel comfortable about getting insurance. Let us answer any questions you have. We let you choose from over 40 insurance providers. This lets you have control over what matters most to you. We provide both personal and professional insurance options.
Hazard insurance for businesses is a great option that any business owner should look into. Different coverage options can fit within any budget. If you have any questions about hazard insurance or what is best for your business, give us a call.
At IPA, we have insurance specialists that are knowledgeable about all things related to business insurance. Even if you have general questions or do not even know where to start, we can help you out. Let us show you how we can help protect your business. Start today by getting a quote for hazard insurance online.
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