Commercial Business Insurance in Bend, Oregon
I can help you protect your small business assets. Below is the definition of a general liability as it applies to businesses in Oregon:
By definition, this type of insurance is a standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.
We have several carriers that specialize in covering your small business in Central Oregon.
I can help answer any questions and ensure that we cover your small business with the right policy.
Various Types of Business Insurance
Business insurance covers a variety of areas including lessors risk insurance, contractor insurance, commercial property insurance, workers compensation insurance and professional liability insurance.
What Is Lessors Risk Insurance?
This is another type of coverage that covers your commercial property for liability and property coverage when you’re leasing your property to others. I can help you design a plan that will protect your assets.
What Is Commercial Property Insurance?
This insurance protects your commercial property whether the property is being leased or vacant. I can help you protect your assets.
What Is Workers Compensation Insurance?
This type of insurance is important if you have employees, since legally, if you do have employees, they need to be covered by workers’ compensation. The premiums vary based on the industry. I can help you set up a plan that will protect you and your employees in case of an incident.
What Is Professional Liability Insurance?
This is a type of insurance that is often overlooked but is very important if you are a person that makes recommendations or professional services. Some examples of people needing professional liability would be a consultant, a web developer, a contractor or a doctor. Whatever your profession is we can ensure you are covered for professional liability.
What Is Commercial Umbrella Insurance?
This is a type of insurance that protects your commercial business. It covers in excess after your commercial insurance has been exhausted. For example, if you were in a lawsuit, it would give you added protection.
What Is Commercial Auto Insurance?
This type of insurance protects all of your commercial auto policies and gives you higher limits for your physical damage and liability coverage for your vehicles. Commercial insurance is designed to cover all vehicles that you use in your business including the trailers and oversized commercial vehicles. It is important to insure your commercial vehicles correctly to avoid liability issues in the future.
Oregon Small Business Insurance
No matter the industry you operate in, your business faces risks every day. Commercial insurance is designed to protect businesses and corporations, including business owners and their employees after an unexpected event. Whether you operate a restaurant, auto repair shop or retail store in Oregon, we can help tailor a suitable coverage that suits the small business you run.
Why Would Individuals Sign Up for Commercial Insurance?
It takes a significant amount of time, effort and resources to build a business. That said, it only makes sense to protect the entity you’ve worked so hard to grow with adequate commercial insurance coverage. Commercial insurance helps protect your small business from financial costs associated with property damage and liability claims.
Without it, business owners run the risk of paying out-of-pocket for costly damages and legal claims against their companies, which can be a financially devastating scenario for any business. For instance, if a customer is injured at your premise and you’re legally responsible, the medical bills and legal fees could be challenging to afford without some form of coverage, eventually crippling your business.
Insurance for Trucking Companies in Oregon
Additionally, trucking companies in Oregon require a commercial insurance policy for their vehicles. Not only does the driver need to be insured, but the trucking company will want to have liability insurance. Learn more about commercial trucking insurance here.
What Can a Customer Expect From a New Insurance Policy Like This?Since every business is different, there isn’t a one-size-fits-all solution for business owners. Many businesses operate under a business owner’s policy (BOP) which combines business property, business liability, business interruption coverage and other coverages into one convenient package. As a small business owner, you can expect to get additional insurance coverages to customize your policy based on your specific industry and business’s level of exposure to certain risks.
What Does a Commercial Insurance Policy Cover?Commercial insurance provides essential coverage like liability, property insurance and loss of income but it can also include many more. General liability coverage covers claims of bodily injury or property damage while property insurance protects your business’ physical location and other property like equipment, inventory, etc. Business income insurance helps replace lost income due to covered loss e.g. fire, wind damage, theft, etc. Other types of commercial insurance include:
- Commercial auto insurance
- Workers’ compensation insurance
- Professional liability insurance
- Commercial umbrella insurance and many more
Business Insurance Agent in Bend
Choosing the right business insurance coverage is one of the most important choices you’ll make as a business owner. A critical part of this is working with the right independent insurance agent to help you tailor a business insurance solution to your company. At Bend Insurance, we have relationships with multiple, top-rated insurance companies and can help you find a policy that best fits your business needs.
Whatever the size of your business, we work hard to provide customized commercial insurance coverage your business needs, at a great price. Don’t hesitate to contact us to learn more about these coverages and determine the right bundle and limits for your company.
How Can We Help With Your Insurance Needs?
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