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.