3 Ways to Protect Your Small Business from Disasters

With natural disasters steadily on the rise, small business owners in Green Valley AZ need to be prepared for any eventuality. These tips from Insurance Center of Green Valley can be helpful in protecting your business from disasters.

Assess Your Risks

Assess the risks your business faces so you can prepare in advance. Arizona is prone to severe storms, flash floods and wildfires. If your business in Green Valley, AZ is at risk of these or other disasters, make a plan for how to minimize disaster damage or handle the fallout. Commercial property coverage can help compensate you for disaster damage to your business location, equipment and products. For protection against floods, however, you’ll need to purchase a separate flood policy. 

Prepare a Disaster Evacuation Plan

Prepare a plan for evacuating customers and employees safely from your business in the event of a disaster. Make sure your employees are familiar with evacuation routes and exits. Conduct evacuation drills to ensure your workers know what to do in a disaster.

Secure Your Business Assets

Review your commercial coverage to ensure it’s up to date and offers the protection you need against disasters. In addition to property coverage, you may want to obtain business interruption insurance to cover lost revenue and other essential expenses if your company has to close up shop temporarily due to disaster damage.

Having an up-to-date inventory of business equipment and products can help facilitate a claim, if needed, after a disaster. You should also ensure all-important business data to include financial records, customer records, and data on employees is backed up in a safe location to avoid loss in a disaster.

Commercial insurance should be a key component of disaster preparedness for your small business. To update your commercial policy, contact the Insurance Center of Green Valley.

Why Does an Arizona Business Need commercial insurance?

Those that are in the Green Valley, AZ area may find that it is a great place to own a business. If you are going to start a company in this area of the state, you should carefully consider your insurance needs. There are many reasons why you may need a commercial insurance policy for your business. 

Required by Lender and Investors

One reason why an Arizona business will need commercial insurance is that it can be required by its lenders and investors. To start a company, most business owners will need to raise capital from outside sources. Whether it is a bank or investor, you will need to comply with their insurance requirements. Most of the time, your bank or investor agreements will stipulate the type and level of coverage you need, which will help to protect their investment. 

Required by Law

Another reason why you may need commercial insurance is that it can be required by law. In Arizona, many business owners are required to carry worker’s compensation insurance. When you have this form of insurance, it will help to ensure that your employees are covered by insurance if they are injured while working on the job. When you get a full commercial insurance policy, it can provide this form of coverage.

Picking a commercial insurance policy in the Green Valley, AZ area is a very big decision. Due to this, companies that are in this area should reach out to the Insurance Center of Green Valley to discuss their insurance needs. When you do call the Insurance Center of Green Valley, you can learn a lot more about all of your company’s insurance needs. They can then help you to get into a policy that provides the right coverage for your company. 

Why Is Commercial Insurance A Must In Green Valley?

At the Insurance Center of Green Valley in Green Valley, AZ, we offer commercial insurance and other types of insurance but this piece is about commercial insurance. We want to let you know that commercial insurance is a must in Green Valley because it is required by law.

If you have at least one employee, you must purchase the employees’ compensation insurance. Also, if you use any vehicle for your business, commercial automobile insurance is mandatory. But come to think of it. Commercial insurance is in your own interest.

The major aim of commercial insurance is to protect your business. Let’s give you some of the reasons that will make you understand that commercial insurance is essential to the success of any business.

1. It prevents your employees from suing you

Without the workers’ compensation insurance, your employees can sue you for work-related injuries. Think of this. If you have provided a staff bus to ease transportation for your employees and an accident occurs while they are all on the bus, and they sustain different degrees of injuries.

Without insurance, do you know how much you’ll cough out? One single lawsuit could run you out of business. This is why you need commercial insurance to protect your business.

2. Commercial insurance raises your credibility

Generally, people prefer to hire a company that is fully insured. This is why you will often see companies stating it clearly on their websites that their organization is fully insured. This applies even more so to a service provider. If your business is painting, your employees will be exposed to huge risks when painting the exterior of tall buildings.

Without commercial insurance, if any of your employees has an accident while painting your client’s house, the client may be held liable. But with commercial insurance in place, your insurance company will foot the medical bill. This is why people will prefer to hire companies whose staff are fully insured.

To get adequate insurance coverage for your business, contact us at the Insurance Center of Green Valley in Green Valley, AZ.

Why every company should carry business interruption insurance

Owning a business takes a lot of dedication and devotion. If you are a business owner in the Green Valley, AZ area, it’s time to sit down with the team at the Insurance Center of Green Valley. We are here to help our commercial clients obtain the proper insurance for their companies. Don’t wait until it’s too late to find out about the many benefits of business interruption insurance. It is an important part of comprehensive commercial insurance and can make a significant difference if your company suffers a covered event. 

Benefits of business interruption insurance

If your business suffers a loss due to a covered event it can be difficult to get everything back up and running in a timely manner. With business interruption insurance your bottom line will be protected while you repair any damage that has occurred. Having this type of coverage can mean the difference between going under and returning to a robust and profitable business. There are too many risks and unknowns that face business owners today, and having this coverage can truly be a lifesaver. Don’t wait until it’s too late to find out about this incredibly beneficial type of protection. Having your production knocked offline, or all of your inventory damaged are just two examples of the many ways that a covered event can cause chaos. With this type of protection, you will be able to weather the storm!

The Insurance Center of Green Valley is here to guide business owners in the greater Green Valley, AZ area. We are proud to serve the insurance needs of our community and look forward to working with you! Call or stop by today and find out more about the business interruption insurance policies available in our area.

Tips for Purchasing Commercial Insurance for Your Arizona Lawn Care Business

Owning a lawn care business can be very rewarding, but there are some risks involved. What do you do if one of your employees accidentally breaks a customer’s window or all of your tools are stolen while on a job? That’s where having the right level of business insurance coverage comes in handy. Here are a few tips for purchasing commercial insurance for your Green Valley, AZ lawn care business.

Know What Types of Insurance You Need

This first step to buying commercial insurance is making sure you know what type of coverage you need. There are several policies that most Arizona lawn care companies carry, including:

  • General Liability Insurance: This type of policy protects you if you accidentally hurt or damage property owned by someone else, and they intend to sue you. It is generally a requirement if you plan on bidding commercial landscaping jobs.
  • Commercial Property Insurance: This policy protects things your company owns, like equipment and tools. If you have an office, it also takes care of desks, computers, supplies, etc.
  • Worker’s Compensation Insurance: If you have employees, you’re required by the State of Arizona to carry this coverage.
  • Commercial Auto Insurance: Most personal auto policies won’t cover you if you’re involved in a wreck while on the job. Instead, you need to have a commercial auto policy in place.

Understand Factors That Affect Your Premium Rates

When purchasing commercial insurance, it is also important to understand the various factors that affect your premium rates. Generally, the length of time you’ve been in business, any previous claims, and your driving record play a huge role. However, our team at the Insurance Center of Green Valley can help ensure you’re getting the most coverage for your needs and budget.

Are you ready to learn more? Our team at the Insurance Center of Green Valley is here to help. Please contact us via phone or email today to schedule a no-obligation policy review.

Why a Green Valley, AZ Business Needs Commercial Insurance

If you are looking for a good place to start a small business, one area of the country to consider is Green Valley, AZ. This area is experiencing a lot of positive growth and provides many opportunities for small business owners. Whenever you are going to start a small business, you will have to get commercial insurance. There are several reasons why you need to have commercial insurance in place for your business.

Gives Necessary Liability Protection

Once you start a company, you are going to be taking on a lot of liability at all times. This can include liability for the safety of both your customers and your employees. If there happens to be an accident that causes an illness or injury, you may be required to pay restitution. When you have commercial insurance, it will give you the coverage that you need to protect your company if you are liable for an accident.

Requirements

While it is good to have insurance to protect your company, having commercial insurance is also often a requirement for small businesses. There is a good chance that any lender or investor you have will want you to have commercial insurance at all times. This is because it can help to enusre you are able to remain solvent if an accident or casualty occurs. 

Ultimately, having commercial insurance is a necessity for businesses of all sizes. When you are shopping for insurance for your company, you should contact the Insurance Center of Green Valley. When you speak with the team at the Insurance Center of Green Valley, you will get great advice and service that can help you to get into the best policy possible. This will help to ensure that your Green Valley, AZ business is properly covered. 

Why you need commercial insurance in Arizona

When you are looking to start a new business in the Green Valley, AZ area, there are many important factors to take into consideration. While coming up with a good idea, source of capital, and management structure is important, you also need to carefully consider your insurance needs. For those that would like to have a business in Arizona, there are many reasons why you need to have commercial insurance. 

Protects Business Assets

Whenever you are looking to start a new business in Arizona, you will need to invest in a variety of business assets to get the company off the ground. Depending on what you are selling, this could invlude major investments in equipment, inventory, and IT systems. The worst thing that could happen in this situation would be if a fire impacts your company and requires you to replace these assets. If you have commercial insurance, you will have coverage for the replacement of these valuable assets. 

Ensures Legal Compliance

Additionally, you will be required under the law to carry commercial insurance at all times. When you have a business that has a staff, you will want to make sure that your employees are properly covered. Through a commercial insurance policy, you will be able to get workers compensation insurance. This will ensure that your team members have coverage if they are hurt while they are at work. Additionally, this form of insurance is required by law.

When you are looking to get commercial insurance in the Green Valley, AZ area, you should reach out to the Insurance Center of Green Valley. When you speak with professionals at Insurance Center of Green Valley, you can be assured that you will be getting great insight into your insurance options. They can then help you get into the right policy for you and your business. 

Assessing Your Risks For Commercial Insurance

When buying commercial insurance for your Green Valley, AZ business, it comes down to a few basic questions:

  • What do you need to protect
  • What protections are required by local, state and federal regulation, and
  • How much can you cover out of pocket

When assessing risk, most business owners will immediately be thinking along the lines of the property. Certainly, you want to be protected against theft, vandalism and other damages. But the big risk for business owners is a liability.

A restaurant can replace a microwave or blender damaged in a small fire, but the costs involved in a lawsuit should someone be injured on your property or by one of your products can sink a thriving business.

Computer security is another big risk that many business owners neglect to consider. Running a business from a laptop or with a network of remote freelancers is certainly an option in this day and age, but just because you don’t have a physical store doesn’t mean that you have nothing at risk. A breach of customers’ private data owing to cybercrime or simple negligence can be a catastrophically expensive problem to correct.

Your unique risks come down to the nature of your business, and whether you manage a hundred employees or it’s just you, there’s always going to be something that you need to consider.

If you want to get covered on a policy that works for you, that covers your business’ risks, get in touch with Insurance Center of Green Valley and we’ll help to get you set up with an insurance plan that will cover everything you’ve worked so hard to build.

Why Small Businesses Need Commercial Insurance

Small businesses need commercial insurance to be in legal compliance and to protect the main asset of the business owner, which is often the total focus of their lives; the business they built up.

Commercial insurance is a broad category of protection that includes worker’s compensation, general liability, professional liability, product liability, property and casualty insurance, commercial vehicle coverage, and business interruption.

The one category of commercial insurance where many small businesses are under-insured is business interruption. Business interruption protection is vital coverage when a business cannot operate normally due to circumstances beyond anyone’s control.

The Risks of Climate Change

The impacts of climate change are showing up all over the United States in terms of massive flooding, wildfires, earthquakes, hurricanes, heat waves, huge storms, and tornadoes. In light of the increased risk of natural disasters, there is a chance that a small business will be suddenly wiped out. This can happen even if the business itself does not experience any direct damage. Power may be off for extended periods and roads may be closed.

If a natural disaster hits an area and the local economy stalls out, many of the expenses of the business may continue even when there are no revenues coming in to help pay for them. It is a shame to lose a business that was otherwise thriving because a natural disaster prevents its customers from the normal activities that support the business.

What Happens When Tourists Stop Coming?

Businesses that live off of tourism may be especially vulnerable. If all the community is damaged by a natural disaster then few tourists, except the gawkers, are going to want to come to the area. A business on the outskirts of such an area may not be able to keep the doors open without business interruption insurance.

Commercial Insurance Review

Work with your agent at Insurance Center of Green Valley, serving Green Valley, AZ and the nearby communities, to have a review of the commercial insurance coverage to make sure there is adequate protection in place. For all commercial insurance needs contact your agent at Insurance Center of Green Valley in Green Valley, AZ by calling 520-648-1150.

Protecting Your Business From Slip and Falls and Other Nuisance Suits with Commercial Insurance

Owning a business can be a source of great satisfaction and pride, but it can also create many unwanted situations. If you are a business owner in the greater Green Valley, AZ area, you may be looking into your insurance options to protect your business and financial interests. Insurance Center of Green Valley is here to provide you with the information you need when formulating and updating your commercial insurance portfolio. Don’t let minor lawsuits affect your bottom line- get the insurance protection you need.

How Commercial Insurance Can Help Protect Your Business

Commercial insurance options go far beyond property and physical plant coverage. If you are a business owner you understand the importance of holding an appropriate amount of liability coverage. With liability coverage, you can protect your assets from the fallout that comes with superfluous lawsuits such as slip and falls. Depending on how your company is structured, the right insurance may also cover your own personal assets in the event of a liability case. Don’t let all of your hard work be washed away by one unfortunate situation. Liability coverage is a must-have for any commercial insurance portfolio to keep your business safe from lawsuits. We recommend that our commercial clients review their insurance policies on an annual basis to make sure they are complete.

Is it time to review your commercial insurance portfolio? Now is a good time to make sure that you have the coverage you need to protect your firm from slip and falls and other nuisance suits. If you are in the greater Green Valley, AZ area contact Insurance Center of Green Valley today and schedule your appointment. We are happy to take the time to review your insurance needs and options with you today.