A business owner takes on a lot of responsibilities when starting a business and one of them is ensuring that it is financially protected against losses resulting from damage to physical belongings or liability issues. In California, a business is required to have minimum coverage to handle certain situations, but you should also have additional insurance to cover non-mandated situations. If you are going to operate a commercial business, you should have at least the following coverages to protect your business and your investment in it.
California requires all businesses to have the following:
The mandatory coverages are there to protect employees and other people, but you still need protection in case you get sued, or your business property gets damaged. The elective coverages you should consider include:
You need to make sure you have all the coverage you need and the best way to determine that is to perform an insurance needs assessment of your company. Call us today at the CKS Insurance Agency, so we can discuss your situation further and get you the coverage you need to be financially protected from a myriad of unseen events that could affect the viability of your company.