If you own a business, you want to protect your investment, which can be the result of years of dreaming and working hard. That’s why we at Allco Insurance offer an array of business owners insurance products to give you the coverage you need. 

Whether you’re a startup or an established company, the right business insurance can protect you from liability, help you get back on your feet after a disaster, and assist employees in the event of a workplace injury or disability. 

Commercial Property Insurance

Commercial property insurance covers your workplace similar to the way homeowner insurance covers your home. If your property is damaged due to a fire or natural disaster, you don’t have to use your savings to rebuild and replace. This insurance covers your buildings, contents of any structures, equipment and tools, and business inventory. 

You can add extra coverage for more protection from electrical power surges, cyber events like viruses, property used off the business premises, damage from earthquakes and floods, and loss of income due to service interruption. 

General Liability Insurance

This coverage, also called commercial liability insurance, protects you from broad business liabilities that could result in a legal judgment against your company. Rather than having to sell your business or use your personal assets, business liability insurance shoulders the cost of protection. 

When you talk to us at Allco Insurance about your business insurance needs, we can advise you about more specialized liability insurance you might want, such as: 

• Errors and omissions insurance: for businesses where mistakes have serious or even fatal consequences, such as attorneys, engineers, and accountants
• Employment practices liability insurance: to protect against lawsuits related to wrongful termination, discrimination, violation of employee rights, or sexual harassment
• Directors and officers insurance: for the business’s leaders or board of directors

Business Umbrella Insurance

Business umbrella insurance takes your general liability insurance one step further. Since your liability insurance has a cap on it, an umbrella policy can take over where liability leaves off, giving you additional coverage. 

Based on your business size, your industry, and your budget, our agents will help you evaluate the amount of business umbrella insurance that’s right to reassure you. 

Commercial Auto Insurance

If you operate vehicles as part of your business, you need commercial auto insurance. Commercial auto insurance protects you and your employees from liability in the event of an accident. It can also help you get back to business as usual after an accident where repairs are involved. 

In addition to coverage for liability and collision, you may also wish to add comprehensive coverage for theft or weather-related damage. Commercial auto policies can also cover the use of personal vehicles for work or rental vehicles used while on the job. 

Workers Compensation Insurance

To protect you and your employees, workers compensation insurance is a smart addition to your business insurance portfolio. This coverage provides lost wages and medical care to employees if they are injured while working. It also protects you from lawsuits in this case. 

Bonds

If you work in an industry where your promise is part of your day-to-day business doings, you may wish to purchase bonds. These protect you if someone goes back on their word, which in turn affects your ability to do business, such as if a subcontractor fails you as a general contractor. However, there are many other types of bonds for different professions, including court and probate officers, public officials, and people who work with license and permits. 

Don’t run the risk of operating your business without the proper insurance coverage. Call Allco Insurance at 714-992-2390 today to chat about your business insurance needs. With so many insurance products available to us, we’re sure to have the right combination of coverage your business needs. To put your mind at ease, we are happy to say we are a Dave Ramsey Endorsed Local Provider (ELP).

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