Ensuring that your business is safe and protected can mean that you will need to purchase a commercial insurance policy. Depending on the type of company that you own and your personal goals, the Oregon commercial insurance that is most appropriate for your goals can vary.
Whenever you have employees, it is important to protect against potential injuries and accidents that can take place. Accidents that may occur at work are usually covered by a worker’s compensation policy. The coverage focuses on the risks associated with your employees and the type of work that is performed, so the cost of coverage can vary.
As a business owner, you will need to take steps to protect any company assets. That means you will need to obtain coverage for property that is owned by the business.
The amount of coverage and the type of plan can depend on how you use the property and how much it is worth. Generally, you want to protect against liability risks, damage to the property from common situations and potential concerns related to theft.
Small businesses can benefit from a liability policy that focuses on the type of company that you own. For example, professional liability may be appropriate if you are offering a professional service. On the other hand, general liability may be better if you want to protect against the majority of situations that may arise. You may also want product liability in case a product is defective or injures a customer.
There are a variety of insurance options to protect your business from common threats and concerns that may arise. Recognizing your options can help you find the plan that is best for your particular goals. Contact us to talk to an agent for more details.