Owning a business is a part of some people’s American dream. It can be a dream come true or a nightmare, depending on how well you protect yourself from all the risks that every business owner faces. By choosing the right commercial insurance, you can mitigate some of the stress of facing threats. At Alliance Insurance Services in Arvada, CO, we specialize in helping businesses to make the right decisions about the types of commercial coverage the state of Colorado requires and the types your business needs to survive.
Commercial property insurance
Commercial property insurance has a much broader function than home property insurance. It covers the physical structure of your business if you happen to own it, but it covers all the things you use to do business. Depending on your business, this can be electronics, machinery, tools, display units, office equipment, and various other items.
Commercial auto insurance
If your business owns vehicles, they need to be covered by commercial auto insurance. The minimum coverage required is 25/50/15.
Commercial liability insurance
All businesses don’t require commercial liability insurance, but certain professionals are required to have professional liability coverage. This includes health professionals and doctors. Other businesses can benefit from liability coverage since every year, one in three companies will be involved in a legal action that has the potential to scuttle their business if they don’t have the money to pay a judgment against them.
In the state of Colorado, any business that has employees is required by the state to have workers’ compensation insurance. This protects workers who are injured in the performance of the job, and it also protects employers from being sued.
Contact Alliance Insurance Services in Arvada, CO for all your commercial insurance requirements.