As a business owner, no one knows better than you do about all the risks your business faces every day of the year. Trying to protect yourself from as many of them as possible is the only way to move forward. Commercial insurance is the best way to provide some protection against risks. At Allen & Associates Insurance Inc. in Albany, OR, we understand businesses’ risks. We will work hard for you to provide a policy tailored to your particular business.
Commercial property insurance is different from home property insurance. It is more of a combination of property and content coverage. It allows you, the business owner, to protect the building if you own it, but it also lets you protect the things inside your business even if you are a renter. You have lots of property that you need to conduct your business, and this is what you are protecting with property insurance.
Businesses face a lot of liability risks. As many as 35% of all businesses will be involved in litigation in any given year. You can be sued by a customer who is not happy with a service or product. You can be sued by a vendor or by a disgruntled employee. Someone who visits your business can be injured, it is a risky world out there, and the amount of a judgment could kill your business if you don’t have enough insurance.
Workers compensation insurance
In Oregon, most employers must carry workers’ compensation insurance even if they only have one employee. This insurance protects both insured employees on the job and employers who could be sued.
Contact Allen & Associates Insurance Inc. in Albany, OR when you want to get the necessary commercial insurance to mitigate some of the risks your business faces.