A fundamental part of owning a business is protecting yourself from liabilities. Whether your company is a small, family-owned operation or a corporate empire, there are potential risks and losses that can occur. While you are busy focusing on clients, employees, and products, the last thing that needs to be on your plate is stress from a damage or loss. That is where we come in. At Pacific Legacy Insurance, we offer an array of services that save money, alleviate stress, and protect you and your assets.
The reality of owning a business is that at some point, there will be liabilities. General liability insurance covers basic damages and injuries that occur in your business. General liability insurance, also known as commercial general liability insurance or business liability insurance, helps cover:
Your general liability insurance can help cover claims up to the coverage limits in your policy.
As perhaps the most common of liabilities, workers compensation is crucial for all business owners. This covers work-related injuries and illnesses. That means that if an employee has a work-related injury or ailment, you as the employer are not responsible for medical costs or payroll reimbursements while employees are off of work.
Business property insurance covers your buildings, the contents within those buildings, and loss of income if you’re out of business due to a claim. It can help protect your business in case of unexpected accidents or tragedies like fire, theft, wind damage, water damage. Earthquake and Flood can be bought separately
Commercial auto insurance is liability and physical damage protection for vehicles, such as cars, trucks and vans, that are used for business. Commercial vehicles require a separate policy because they’re typically exposed to more risk than personal vehicles.
Commercial auto insurance isn’t just for industrial vehicles like semis or dump trucks. For example, businesses that use a car to run errands, carry tools or transport clients might also need a commercial auto policy.
Any business that sells its expertise should consider professional liability insurance. Also known as errors and omissions (E&O) insurance, this coverage protects your company and your bottom line from customer claims of late, incomplete, or unsatisfactory work. Accusations like these can lead to costly lawsuits.
