Starting a New Business? Better Call Alex!

Congratulations! That’s amazing! You did it! You are ready to start your new business! Your website is up and running, and advertisements are designed and prepared to go out for all to see. But before you open your doors to customers or clients, there are many important tasks to take care of before you flip the closed sign to open.

Whether you are starting a unique Italian cuisine restaurant or a wedding photography studio, having business insurance in place will keep your new company growing and thriving for years to come and beyond. 

Accidents happen, especially at a workplace, no matter how hard you try to avoid them. Business insurance is a must-have for unexpected incidents and will safeguard your dream from going into debt from expensive fees for lawsuits, investigations, and settlements. There are different types of coverage for your specific industry and will give you extra protection that will be beneficial in securing your future finances. Let’s take a closer look below.

Business Coverage Types

General Liability 

General liability insurance covers medical expenses, attorney fees, damages, legal expenses, judgments, and settlements. This is one of the most common types of business coverage. Liability helps cover claims that occur during business operations including:

  • Bodily Injury: If someone fell and was badly injured at your business, general liability covers their medical costs. Another example would be if an employee forgot to clean up a spill and the customer didn’t see it and slipped and sprained their ankle. Your coverage will protect you and your business from paying out of pocket for these incidents.
  • Property Damage: For a general contractor or even a photographer, during the time of business at your client’s home, it’s crucial to have general liability in case there is property damage during the service.
  • Advertising Injury: It protects against claims of infringing on someone else’s copyright slogans, privacy issues, slander, and libel. 
  • Reputation: This coverage will help protect against court fees in the matter of slander.

Commercial Auto 

Commercial auto insurance is vital, primarily for business-used vehicles, including vans, trucks, and cars. It covers legal bills, medical expenses, property damage, vehicle damage, and driver injuries. 

Workers’ Compensation 

Workers comp is required by law in California if you have employees. It allows your employees to have benefits if a work-related injury or illness occurs and replaces wages. With this type of coverage, you will have peace of mind, knowing you don’t have to empty your savings for medical expenses, attorney fees, or other related fees.

Professional Liability 

Professional liability insurance, also known as errors and omissions (E&O), protects business professionals from claims of negligence or misconduct related to their services, like failing to deliver a service or giving incorrect advice. Who needs this type of protection? Anyone who provides a professional service will need professional liability insurance, including real estate agents, architects, accountants, attorneys, home inspectors, doctors, lawyers, dentists, nurses, and the list goes on.

Business Owner Policy (BOP)

Do you own a property or want to protect investments? If you do, Business Owner’s Policy (BOP) might be the right choice for you! A business owner’s policy combines coverages into one bundle, including Business Income Insurance, General Liability Insurance, and Business Property Insurance.

The Rue Crew is here to make your life easier!

There are many business insurance options to choose from that will give your company the best protection. Searching for insurance can be daunting, but it doesn’t have to be. If you are unsure where to begin, it’s better to call Alex for the best insurance advice, a detailed explanation of insurance types for your niche, and discounts that will save you money. 

We make it easy and quick to get insurance!

Get Your Free Quote Today!

Alex Rue