Business Insurance in California
California is a busy state with plenty of room for entrepreneurs to make their living. There is no such thing as a risk-free business, though, which is why ANA Insurance Brokerage Inc. in Southgate, CA can help you thrive with a commercial insurance policy.
Commercial insurance is divided into two basic categories. These are property insurance and casualty insurance.
Property Insurance includes Commercial Property, Inland Marine, Boiler and Machinery, and Crime.
Commercial Property Insurance is broadly for your business's building and smaller equipment, and it can cover the personal belongings of others for businesses like hotels or apartments. Inland Marine insurance is helpful for companies that frequently engage in transport, even if they don't ship over the water. If your business has heavy, permanent equipment, it may need Boiler and Machinery coverage. Finally, Crime Insurance covers losses from a set of defined crimes that you can adjust according to your risk.
Casualty Insurance is the other main category of commercial insurance, and it is divided into Commercial Auto, general commercial liability, commercial umbrella, and workers compensation.
As you might expect, Commercial Auto and Commercial General Liability are like the personal insurance varieties with modifications better suited for a business. Commercial Umbrella insurance is a final safety net when damages reach your liability limits. Workers Compensation covers employees who suffer a condition due to their workplace activity, and it is the only legally obligated form of commercial insurance in California.
The Business Owners Policy
The Business Owners Policy is designed for small businesses. While your business will have to meet the qualifications of the policy, it will receive multiple types of coverage at a premium that is typically lower than expected.
Let Us Help You Grow
Whether you are starting a new business in California or looking to protect the one you've already made, ANA Insurance Brokerage Inc. in Southgate, CA can help you navigate your options and find the right policy for your needs.