Maybe you’ve done everything in your power to ensure 100% protection of your staff and customers, but accidents or other awful scenarios may come up from nowhere, potentially causing your business significant financial loss if you’re the one at fault. However, your core business responsibilities may suffer in a big way if you’re unable to pay attention due to fears over potential unpredictable incidents that could bring financial liability. You can deal with such eventualities ahead of time by acquiring adequate business insurance California companies depend on for a safety net.
Businesses are not the same, so it’s important that you identify an insurance cover that considers your industry and specific operations as explained below:
1. Policy for Your Tow Truck Business
The tow truck insurance California businesses enjoy nowadays entail programs developed to address the particular requirements of this sector. There are numerous packages you can choose from depending on your needs and budget, such as coverage for customer vehicles retained at your garage or shop. Additionally, you may need customer automobiles covered against potential incidences while being towed. Don’t forget to consider third-party liability protection which will compensate for damages you may inflict to other persons or their property. Make sure there’s medical coverage for yourself and passengers in your business vehicle, and insurance for the track itself.
2. Do You Have Contractors Insurance
The law demands that all types of contractors, from general and specialist to regulars ones obtain contractors insurance. You require this policy if you run a handyman, home construction, janitorial, lawn care, carpentry, or plumbing company etc.
Your contractor business will require general liability insurance as its financial safety net against the possibility of a lawsuit based on workmanship faults that lead to bodily harm or loss of/damage of property. Usually, customers demand to see evidence of contractor insurance to be sure that they’ll get reimbursed should there arise any claim. Be sure to also obtain worker’s comp insurance protection as well as contractor’s bonding.
3. Insurance Policy for Your Bar
Restaurant and bar operations require insurance coverage that’s unique to their specific industry. It appears like everyone is facing a lawsuit these days, making it important that the unique exposures of such operations are sufficiently covered. Many such ventures do serve alcoholic beverages, cranking up the risks you face to a record high!
If in the bar business, ascertain full insurance protection, and be aware of any policy deficits that may present a bigger risk. The following issues are a possible liability: DJ or live entertainment, security team, wheelchair accessibility, bar staff alcohol safety awareness, duct installation for the kitchen, and any afterhours service.
Obtain the right business insurance in California for lasting peace of mind!