Businesses looking to mitigate risks and exposures from ongoing operations utilize commercial insurance to limit their financial liability. These policies are a necessity for protecting entire organizations from ruin, in case of litigation and other exterior threats. Coverage options are contingent on the inherent risks a business faces in their operating environment.

What’s Covered?

Commercial insurance is designed to help businesses mitigate the risk of loss due to potential disruptions and lawsuits stemming from certain events. These events include business interruptions from made-made or natural disasters. Theft, property damage and worker injury may also be covered depending on the circumstances. Commercial policies are intended to shield businesses from general liability issues that could damage or inhibit ongoing operations.

A qualified insurance professional can tailor coverage to meet the needs of business owners, helping to ensure that companies can continue operations in case of litigation and unfavorable judgments’. The financial strain of not having coverage can be too much to withstand.

Who Needs Coverage?

The size and the location of businesses dictate coverage amounts and options, but all companies stand to benefit from commercial insurance. This is true of home-based businesses and large corporations alike. For small business owners, commercial coverage can mean the difference between continuing operations and shutting down the company, if there is extensive litigation and liability. All business owners should consider coverage and the protection it can provide their companies.

To learn more about getting commercial insurance in Green Valley, AZ, please contact the Insurance Center of Green Valley. There are a myriad of risks facing modern businesses that can only be mitigated with the right insurance coverage. Commercial insurance can shield businesses from loss and disruptions.

You may have a commercial insurance policy from Insurance Center of Green Valley to cover any normal damages to your business in Green Valley, AZ. But it can be confusing to understand exactly what your policy covers, and if you will need additional coverage to meet the particular demands of your business.

Many businesses do work entirely at one location, with supplies being delivered to the building. Many other businesses, however, have the need to operate at locations away from the main location. They may have other locations where they store supplies, or employees may need to go from place to place to perform essential tasks relative to the business operations.

What happens if, during the course of that activity, there is an accident? For example, an employee may need to drive to another location for a delivery. If he runs a red light, he will normally be liable for the damages. However, if he was there only because he was working for your business, it is the business that will probably be held liable.

If the employee is driving his own vehicle, his insurance is unlikely to claim responsibility. You should have a commercial auto insurance policy if your employees drive while on the job. You can also obtain a more comprehensive insurance policy to make sure that outside structures and supplies are covered under your insurance policy.

In order to make sure that you have all the coverage you need, it is always best to read your policy carefully and discuss it with your insurance agent. Know the exceptions and limitations. For the commercial insurance policy that best protects your business in Green Valley, AZ, call Insurance Center of Green Valley today.

Contractors working in the Green Valley, AZ area are required to purchase commercial bonds in order to legally do business in their chosen field, as it is a requisite for being issued a license. This provision provides homeowners and business owners with protection when hiring workers, as it provides surety for unfinished work, unpaid permits, damage done to property, and unpaid subcontracted work up to two years after the last services were performed. Contractor bonds can be purchased through your commercial insurance agency. 

Bond Basics

In Arizona, a professional must apply for a commercial bond amount that corresponds with his or her labor classification. In addition, the laborer will need to project their estimated gross volume for the year and must obtain commercial bonds for approximately that sum total.  Bonds exist in several different types: payment bonds that ensure that subcontractors will be paid, performance bonds that provide surety for nonperformance, and bid bonds that protect project owners from successful bidders who choose not to come under contract. 

Bonds are continuous, are without a termination date, and a contractor may be required to pay a premium periodically to the issuing insurance company. A company can cancel a bond, but they must provide 30 days notification, during which a contractor is required to find a substitute to keep from having their license suspended.  

Insurance Center of Green Valley Can Assist You

If you need to purchase commercial bonds, the Insurance Center of Green Valley is here to answer all your questions. We are experienced in helping the residents of Green Valley, AZ with all their commercial insurance needs, and we consider it a privilege to work for you. Contact us to speak to one of our friendly representatives, and we will find the right commercial insurance package to meet all your needs. 

It’s easy to forget that commercial insurance and workers’ compensation are all part of the same package, but it helps to understand how they work together to keep your business safe. Most businesses need to have workers’ compensation included in their commercial insurance policies if they have any official employees. This is so neither employees nor employers are saddled with expensive medical bills should they be injured on the job. Insurance Center of Green Valley wants you to know more about how it works 

Hazards on the Job 

Every job comes with its own set of hazards, though they may be difficult to find sometimes. An office worker is unlikely to hit their head when they’re on the job, but they may develop chronic back pain because they’re sitting in the wrong chair. While an employee does share some responsibility when it comes to their injuries, judges tend to side with the employees (in general.) This is just one reason why it’s so important to choose employees who will be responsible for themselves and for a business’ property at all times. 

Commercial Insurance in Green Valley, AZ

If you have a business in Green Valley, AZ, it’s time to give Insurance Center of Green Valley a call. Our staff can help you understand more about the particular hazards that you need to safeguard yourself against. Far from just walking away with the right policy, you may end up getting the tips you need to make your workplace safer for you, your customers, and your workers. Find out more about what you should have coverage for in order to keep your business thriving — even in the face of a serious injury claim — by calling today to speak with our staff. 

Owning a business is both wonderful and very stressful. Without the proper insurance you can be liable for any issues that might pop up and can even be responsible for paying damages and more. The question is can all business benefit from commercial insurance. Put quite simply, yes they can. If you live or work in the Green Valley, AZ area the agents with Insurance Center of Green Valley can help you find the policy that is right for your business.

For all businesses some sort of insurance is necessary to protect the business owner as well as the business itself. Without the proper insurance, you can end up not having the coverage you need making it necessary for the business owner to pay all damages out of pocket. No matter what size the business is, it can benefit from commercial insurance.

Commercial insurance not only helps to protect the business, it also helps to protect the items that the business sells, the owner, any employees that you might have, and even the building in which the business is housed. This means that a good commercial policy is going to cover a very wide range of things that can help to make sure your business keeps going even in times when things might seem a bit tough.

In order to find the right policy it is always beneficial to talk with an agent about what amount and type of coverage you might benefit from most. Some policies are not going to do you much good while others are going to be all you need to prosper and do well. A great commercial insurance policy is going to cover all the bases and help you to make sure you have what you need to succeed and to be safe from any issue.