Is Your Business Properly Covered? Understanding Different Types of Business Insurance

Running a business in California comes with unique opportunities and risks. Business insurance can help you financially safeguard your assets, support your employees and keep your operations running smoothly when unforeseen events happen. Understanding the different types of coverage available may lead you to make more confident decisions for your company.

Essential Types of Business Insurance

While every business is different, organizations often benefit from a combination of the following coverage:

• General liability insurance is a foundational policy for many businesses in various industries. This can cover claims related to bodily injury, property damage or personal injury.
• Commercial property insurance may cover damage to your building, equipment, inventory and other physical assets caused by fire, theft, vandalism or certain natural disasters.
• Workers’ compensation insurance can help pay for medical expenses and lost wages if an employee is injured or becomes ill due to their job. California law requires employers to carry this type of coverage.
• Professional liability insurance, or errors and omissions (E&O) insurance, is crucial for businesses that provide professional services or advice. It can help cover legal costs if clients claim your work caused them financial harm.
• Commercial auto insurance can offer financial support if company-owned vehicles are involved in accidents, property damage and liability claims.
• Business interruption insurance may help reimburse lost income and ongoing expenses while your company recovers from unexpected events that can temporarily halt your operations, such as wildfires or earthquakes.
• Cyber liability insurance can help manage losses related to data breaches, cyberattacks and other digital risks.

Find the Right Coverage in Pomona, CA

Choosing the right mix of business insurance solutions can feel overwhelming, especially with California’s specific regulations and risks. Our team at Beezo Insurance works closely with business owners to assess their needs, explain coverage options and tailor policies that fit their unique situation. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.