Commercial Insurance in California
If you own or operate a business in California, you may already be aware that the state does not have a law-making commercial insurance mandatory. But that doesn't mean you shouldn't get coverage
While California doesn't have commercial insurance laws, it does have a law that puts no cap on rewards in liability lawsuit judgments. Even worse news for businesses, our state courts have developed quite the reputation over the years for awarding large amounts in damages to those who file suit.
The truth is that damaging incidents can happen at a moment's notice. Get caught unprepared, and the cost of a lawsuit or other damages could mean forfeiting significant profits, losing employees, or even losing your business.
How Commercial Insurance Works
At Dynamic General Insurance Services, we work closely with businesses around the Cathedral City, CA area, and beyond to make sure you have the coverage you need. With the right commercial insurance policy, you can avoid having to pay for the hefty costs of a liability judgment by yourself.
Here are some of the areas that a commercial policy typically covers:
- Personal Injury - Refers to libel, slander, copyright infringement, etc. that someone feels they have suffered as a result of your business. Advertising Injury may be included here or in its own category.
- Bodily Injury - Any physical harm that a customer or other visitor to your business property may have suffered.
- Legal Costs - Even when you're not the person filing the lawsuit, your legal costs can quickly add up. Many policies can be set up to include coverage of your legal expenses (up to a pre-determined amount).
How Much Commercial Insurance Coverage Should Your Business Carry?
Every business and situation are different, and therefore the amount of coverage you need will be unique. Because California does not mandate commercial insurance, there is no coverage minimum here for businesses in the Cathedral City, CA area.
Our experts at Dynamic General Insurance Services will help you assess the amount of coverage you need based on your business size, the number of employees you have, the type of property you have, and your line of work.
Ready to learn more about your commercial insurance options and how it can help protect you?
Give us a call today!