Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Adult Novelty Insurance Oregon
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Adult Novelty Insurance Oregon. Also known as adult novelty liability, it is a specialized product liability insurance service offered to the manufacturers, wholesalers and/or retailers of specialty adult products.
It is designed to cover the holders of adult novelty insurance Oregon policies against possible legal action resulting in the failure of their products causing someone injury.
Adult novelty insurance Oregon protects your business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Who Needs Adult Novelty Insurance?
If you are a manufacturer of adult products, including but not limited to Anal beads, Anal vibrator, Aneros, Arab strap, Ben Wa balls, Borghild Project, Bread dildo, Butt plug, CandyGirl, Cock ring, Dildo, Double penetration dildo, Erotic electrostimulation, Erotic furniture, French tickler, G-Spot vibrator, Genital jewellery, Hitachi Magic Wand, Love egg, MysteryVibe, Nipple clamp, OhMiBod, Orgasmatron, Passion Dust, RealDoll, Roxxxy, Sex dice, Sex doll, Sex machine, Sex pillow, Sex robot, Sex swing, Sinulator, Strap-on dildo, Sybian, Tantus, Teledildonics, Vibrator, Violet wand, Virtual reality sex or other adult related paraphernalia, you should definitely consider getting some kind of coverage.
The thing about this industry is that the claims are far lower in frequency than other business; however, they are generally higher in severity. This is because of the potential embarrassment factor in coming forward about product faults. People tend only to complain when things go so seriously wrong, their anger or pain is able to outweigh any reservations they may have. The same goes for retailers; for you to get complaints that something has gone wrong, it has had to have gone very wrong indeed.
Adult novelty insurance Oregon should cover you for most incidents related to use of a product against its original intention, but do make sure you know exactly what situations you are covered for before you buy a policy. The last thing you want to happen is someone making a claim, then finding out you aren't covered.
Why Get Adult Novelty Insurance?
Just like any other kind of business, if you value the long-term viability of your business, you should have some sort of commercial liability insurance. If you are looking into getting adult novelty insurance Oregon, you have taken the greatest care as a manufacturer, wholesaler or retailer when bringing your product to the public. You've made sure that your products are safe before being released into the market place. You spent your weekends researching the companies that provide your stock.
It only takes one slip up on the factory floor, one failure of quality control, one person in the chain to turn up with a hang-over once, and you have the potential for a financially devastating situation, not to mention the damage to the way your brand is viewed by the public. When it comes to adult products there is no room for human error due to the nature of their use. That is why you need adult novelty insurance Oregon.
Another point that should be noted is Duty of Care. Just because you have the insurance, that doesn't mean you can now get away with a negligent approach to customer welfare. You still need to make sure the clients are aware of the limits to with their adult novelties can be used for example anything electrical should not be used in the bath, anything that can restrict the airway should be used with utmost care, ensure any restraints aren't cutting off adequate blood circulation and so on.
This will ensure that you've fulfilled your duties as a responsible manufacturer or retailer so that when someone uses something wrong, and they use it in a way it's not designed, you are less likely to be liable for it. If you don't warn them against it first though, you can be on the hook for the injuries caused by their stupidity.
What Types Of Adult Novelty Insurance Are There?
Adult businesses need adult novelty insurance Oregon just like any other type of business does. The first step is to register the business and then obtain insurance. Any type of OR adult novelty business has to go through vigorous licensing requirements when it is being set up. But in general there are three different types of insurance you will need to get:
General Liability: Every business no matter what needs this type of insurance. This policy provides you with defense should you, your employees or your products cause harm or damage to any third parties, along with other coverages that you will need. GL protects your business from 3rd party's claims of bodily injury, associated medical costs and damage to property.
Worker's Compensation: This will cover your business should any of your employees or you get injured while working on the job. OR workers comp is required for any non-owner or partner employees.
Data Breach: As you can imagine, privacy extremely important in the adult novelty business. This type of business will more than likely be storing sensitive information about its clients and this type of adult novelty insurance Oregon coverage will provide protection in the event of data being leaked out or going missing. It can be the difference between an easy solution and a large and expensive lawsuit.
What Does Adult Novelty Insurance Cost?
Depending on the exact nature of the product you sell, you may end up paying slightly higher premiums than the shoe store next door or the factory producing tissue paper. Annual premiums are very dependent on your location, gross sales, product mix etc.
You will need to work with a insurance broker to help you find the best fit policy for your business.
Oregon Adult Novelty Store's Risks & Exposures
Premises liability exposure comes from slips and falls due to public access to the premises. Floor coverings must be in good condition, no frayed or worn spots on carpet, and no cracks or holes in flooring. Steps and uneven floor surfaces should be prominently marked. Sufficient exits must be provided and be well marked, with backup lighting systems in case of power failure. All goods should be kept on easily reached shelves so that customers do not pull down items on themselves.
Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. If the business is open after dark, there should be adequate lighting and appropriate security for the area.
Personal injury exposures are from apprehending and detaining shoplifters. Shoplifting procedures must be fully understood and utilized by all employees.
Products liability exposure is normally low. Direct import of foreign products can be a concern, particularly as it relates to adult toys. Foreign-made items should come from a domestic-based wholesaler. Any direct importer should be considered as a product manufacturer.
Workers compensation exposures are from lifting that can cause back injury, hernia, sprains, and strains, and from slips and falls. Employees should be provided with safety equipment, trained on proper handling techniques, and have conveying devices available to assist with heavy lifting. Shelves should be easily accessible for storage. Stepladders should be available. Housekeeping in storage areas, especially during peak times, is vital in preventing trip and falls. In any retail business, hold-ups may occur. Employees should be trained to respond in a prescribed manner.
Property exposures are low since ignition sources are limited to electrical wiring, heating and cooling systems. The material, fabrics and plastic goods on hand can create a tremendous fire load and be extremely susceptible to damage by fire, smoke and any type of moisture. If high-value items are carried, theft may be a concern. Appropriate security measures must be taken, including physical barriers to prevent entrance to the premises after hours and an alarm system that reports directly to a central station or the police department. Breakage is a concern as items may be made of glass or pottery.
Business interruption is a concern since sales may peak at particular times during the year.
Crime exposures are from employee dishonesty and theft of money and securities either from holdup or safe burglary. Background checks should be conducted on all employees handling money. There must be separation of duties between persons handling deposits and disbursements and handling bank reconciliation. Money should be regularly collected from cash drawers and moved away from the collection area, preferably to a safe on premises. Bank drops should be made throughout the day to prevent a buildup of cash on the premises.
Inland marine exposures are from accounts receivable if the store offers credit, computers to transact sales and monitor inventory, and valuable papers and records due to customers' and vendors' records. Backup copies of all records, including computer records, should be made and stored off premises.
Business auto exposure is generally limited to hired and non-owned liability for employees running errands.
OR Adult Novelty Insurance
If you make or sell adult products, you should have adult novelty insurance Oregon to meet your business protection needs.
Oregon Business Economic Outlook & Commercial Insurance Regulations
If you are thinking about doing business in the Pacific Northwest, you might have your sights set on Oregon. However, before you set up shop, it's important for you to have an understanding of the economy - so that you can make the best decisions possible. It's also important for you to know what type of business insurance policies you are legally required to carry in order to do business in OR.
In order to help set you up for success, below, we highlight some of key information regarding the economy in Oregon, as well as the regulations regarding commercial insurance.
The Economic Outlook In Oregon
In 2018, Oregon is projected to see an increase in their economy. The unemployment rate was 4.1 percent at the end of 2017, and it is expected that it will either stay the same or drop even lower by the end of 2018.
There are several industries that are expected to contribute to the job market and the economy overall in the state of Oregon. The industry that is expected to see the most gain in this state during the 2018 calendar year is construction, with an increase of 10.5 percent. The manufacturing industry is also expected to see significant growth, with a forecasted increase of 4.3 percent. Other industries that are expected to see growth in OR in 2018 include:
- Financial Services
Insurance Requirements For Oregon Businesses
The Division of Financial Regulation oversees the insurance industry in Oregon. Here workers compensation insurance is mandated. If you employ one or more person, whether that person is full-time or part-time, or is hourly or salaried, you are legally required to carry this type of coverage. Additionally, you must carry commercial auto insurance if you operate vehicle for any business-related purposes, whether it's meeting with clients, making deliveries, or transporting goods.
While commercial general liability insurance is not required in OR, it is highly recommended. This type of coverage will protect you from any lawsuits and the accompanying settlements that may arise in the event that some slips and falls, or claims that you damaged their property. You should also consider investing in commercial property insurance, as it can help to offset the cost of any property losses that you might experience.
Additional Resources For Miscellaneous & Non-Profit Insurance
Find informative articles on small business commercial insurance for miscellaneous and non-profit 501(c)(3) businesses.
- Adult Novelty
- Agriculture, Forestry, Fishing & Hunting
- Employment / Staffing Agency
- Engraving Business
- Facility Support Services
- Mail Order
- Parking Lot
- Personal Concierge
- Photofinishing Lab
- Private Water Districts
- Process Server
- RV Parks & Campgrounds
- Social Work Services
- Unmanned Aerial Vehicles (UAV) Drone
- Wedding Planner
For 501(c) Non-Profits - Directors And Officers Liability Insurance has become an increasingly important policy to have. D&O coverage protects insured directors or officers against claims involving allegations of wrongful acts occurring while performing their duties as such. The insurance is divided into two separate coverages:
Side A coverage reimburses the individual directors and officers for payments made for loss each has incurred because of wrongful acts.
Side B coverage reimburses the corporation for the payments it has made on behalf of the directors or officers themselves.
General Liability is a foundational policy for almost any business. Most companies do not have any control over the final cost of injuries to a person injured because of their operations, products, or services. The person injured may be a young child, a blue-collar worker, a surgeon, or a homeless person.
The cost of the injuries may be comparatively minor or run into the millions of dollars, depending on the person and the extent of his or her injuries. Do you have sufficient assets to pay such a loss?
Commercial general liability insurance is designed to help you protect your assets with three main coverages:
- Coverage A: Bodily Injury and Property Damage Liability
- Coverage B: Personal and Advertising Injury Liability
- Coverage C: Medical Payments
Request a free Adult Novelty Insurance Oregon quote in Albany, Ashland, Astoria, Aumsville, Baker, Bandon, Beaverton, Bend, Boardman, Brookings, Burns, Canby, Carlton, Central Point, Coos Bay, Coquille, Cornelius, Corvallis, Cottage Grove, Creswell, Dallas, Damascus, Dayton, Dundee, Eagle Point, Estacada, Eugene, Fairview, Florence, Forest Grove, Gervais, Gladstone, Gold Beach, Grants Pass, Gresham, Happy Valley, Harrisburg, Hermiston, Hillsboro, Hood River, Hubbard, Independence, Jacksonville, Jefferson, Junction, Keizer, King, Klamath Falls, La Grande, Lafayette, Lake Oswego, Lakeview town, Lebanon, Lincoln, Madras, McMinnville, Medford, Milton-Freewater, Milwaukie, Molalla, Monmouth, Mount Angel, Myrtle Creek, Myrtle Point, Newberg, Newport, North Bend, Nyssa, Oakridge, Ontario, Oregon, Pendleton, Philomath, Phoenix, Portland, Prineville, Redmond, Reedsport, Rogue River, Roseburg, Salem, Sandy, Scappoose, Seaside, Shady Cove, Sheridan, Sherwood, Silverton, Sisters, Springfield, St. Helens, Stanfield, Stayton, Sublimity, Sutherlin, Sweet Home, Talent, The Dalles, Tigard, Tillamook, Toledo, Troutdale, Tualatin, Umatilla, Union, Veneta, Vernonia, Waldport, Warrenton, West Linn, Willamina, Wilsonville, Winston, Wood Village, Woodburn and all other cities in OR - The Beaver State.
Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.