Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business 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. (read more)
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. (read more)
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.
California Commercial Insurance Brokers
California Commercial Insurance Brokers. One of the critical factors to consider in business is insurance. Beyond meeting legal requirements, insurance comes in handy in case something happens to the business - like a lawsuit or product liability claim. Getting the right insurance company and terms may be quite a task, but luckily California commercial insurance brokers can take away the hassle of shopping for business insurance, by connecting you to the best fit insurance company.
The question then is - How to the right insurance broker? Here are some steps to help you with this task.
California commercial insurance brokers can help protect your business from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Finding The Best CA Commercial Insurance Broker
1. Commercial Insurance Needs: Depending on the kind of business, you can narrow the number of potential California commercial insurance brokers to those who can meet your insurance needs. An commercial broker who understands your kind of business is more to deliver you the right insurance company and negotiates better coverage than a general insurance agent.
2. Listing of Potential Commercial Insurance Brokers: When you know what type of insurance you are looking for, you can draft a list of the potential brokers. The internet is currently a great place to start to find licensed California commercial insurance brokers. Referrals are even better because they tend to connect you to brokers who have a proven track record in your kind of business - from someone you may know.
3. Vetting The Brokers: Before you contact any brokers, do your homework. How well they can handle your insurance matters? Below are key things to look at:
- Knowledge and Experience: How well do they understand your kind of business? The CA commercial insurance broker may have listed your business type as one of the kinds they can deal with but have they had results, and are people who have used their services been satisfied?
- Quality of customer service: How responsive they are to clients will determine how best they can serve you. The right broker can go a long way in satisfying a client's wishes as opposed to putting their own first. Google reviews and other 3rd party websites might help your evaluation.
- Flexibility: There are a lot generic commercial insurance brokers, but few may be flexible enough to adjust to the demands of your growing business.
4. Meeting: When you have a small list of less than three remaining California commercial insurance brokers, you can contact them and arrange a meeting either by phone or in person. While at the meeting you should observe the minor details which often reveal how they will handle your business if you hire them. How well they listen to you wants is a good indication.
5. Make Your Decision: After meeting brokers it's time to go over their premium quotes and decide which one you want. Going over coverages before picking your policy is important in avoiding any misunderstandings in the future.
CA Commercial Insurance Brokers
Attention to key details when choosing a commercial insurance broker can help you avoid issues with insurance companies that may arise in future. The right broker will help give you piece of mind for any risks your business faces. When these steps are followed, finding the a good broker should be easier ad this will allow you to focus your energy on growing your business.
California Economic Data, Regulations & Limits On Commercial Insurance
If you are an entrepreneur and you considering having your operations located in California, it's essential that you have a full understanding about the economy of the state, as well as the regulations and limits that are in place for commercial insurance.
If you are considering opening up a business in the Golden State, you first want to make sure that it is a sound location for your operations. That means that you should understand some key information related to the state's economy, as well as the types of insurance coverages that businesses are legally required to carry.
Economic Trends For Businesses In California
In terms of job creation, the state of California exceeds rate of job growth in the United States; however, as the state's metropolitan areas are reaching employment capacity, job growth is starting to slow. In 2017, the rate of growth was 2.1 percent, which is the slowest rate of growth since 2011; but it is still expected to increase by 1.8 percent by the end of 2018, and 1.2 percent by the end of 2019.
In the month of April, the unemployment rate in California dropped to 4.2 percent, which is a record low. This unemployment rate is expected to remain consistent for the rest of the calendar year; however, it's forecasted that the rate will start to increase in 2019.
The strongest labor market in the state is in the Bay Area, where the unemployment rate was 3.4 percent in 2017. Southern California follows, with an unemployment rate of 4.5 percent in 2017. In the Central Coast region, the rate was 5.4 percent and in the Central Valley, it was 6.6 percent. While the unemployment rate is considered high in these areas, they have decreased dramatically over the last 12 month period.
The industries that are expected to see the most growth in CA include:
- Information Technology
CA Commercial Insurance Regulations And Limits
The California Department of Insurance regulates insurance in the Golden State. In the state of CA, commercial liability insurance is not required; however, since the state does not cap rewards for liability law suits, business owners are wise to invest in this type of coverage. The amount of coverage recommended varies depending on the size of the business and in the industry.
Workers' compensation insurance is the only type of coverage that business owners are required to have. This applies to any organization that employs a salaried or hourly staff, even if that staff only consists of one employee. Furthermore, if an employee is injured or becomes ill as a result of work, business owners must pay for CA workers' comp benefits.
Additional Small Business Commercial Insurance Resources
Read informative articles on small business commercial insurance including costs and coverages.
- Best Business Insurance
- CGL Policy Coverage
- Cheap Small Business Insurance
- Commercial General Liability Insurance
- Commercial Insurance Brokers
- Commercial Insurance Premium Financing
- Commercial Insurance Quotes
- Commercial Liability Insurance Quotes
- Directors and Officers Liability
- Do I Need Insurance As A Subcontractor?
- Does My Business Need Commercial Flood Insurance?
- Fire Legal Liability Insurance
- General Liability Class Codes For Commercial Insurance
- General Liability Insurance Cost
- General Liability Insurance Coverage
- General Liability Insurance FAQ
- How Does General Liability Insurance Work?
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- How Much Is Insurance For Contractors?
- How To Comapre Small Business Insurance Policies
- How Will Artificial Intelligence Change Commercial Insurance?
- Liability Insurance
- Liability Insurance Quotes
- Non-Owned Hired Auto Liability
- Premises Liability
- Public Liability
- Understanding Primary And Non-Contributory Liability Insurance
- What Is A Waiver Of Subrogation?
- What Is An Additional Insured Endorsement?
- What Is Business Interruption Insurance?
- What Is Excess And Surplus Lines Insurance?
- What Is General Liability Insurance?
- Who Is An Insured Under A CGL Policy?
Get useful tips and information about how much commercial insurance costs, small business risks and exposures, how insurance regulations effect your businesses' and detailed descriptions of coverages and exclusions and more. Most small businesses need to buy the following four types of insurance at a minimum to cover their operations from every day risks:
Property Insurance: This policy covers a business if the property used in the business is damaged or stolen as the result of common perils like fire or theft. Commercial property insurance covers the buildings, structures and also business personal property - which includes furniture, inventory, raw materials, machinery, computers and other items.
Liability Insurance: Any company can be sued. Slip-and fall lawsuits are very common and be costly. Customers can claim you injured them or damaged their property - and lawsuits are very expensive. Commercial liability insurance pays damages and can include attorney's fees and other legal expenses. It also ca pay for the medical bills of injured third parties
Commercial Auto Insurance: For vehicles owned by the business. Commercial auto insurance pays bodily injury or property damage costs for which the business is found liable - up the the policy limits for liability and property damage.
Workers Compensation Insurance: In almost every state employers must provide workers comp when there are W2 employees. Workers compensation pays for the medical care of employees and can replace a portion of lost wages - regardless of who was at fault for the injuries.
Request a free California Commercial Insurance Brokers quote in Alameda, Alhambra, Anaheim, Antioch, Apple Valley, Bakersfield, Baldwin Park, Bellflower, Berkeley, Buena Park, Burbank, Camarillo, Carlsbad, Carson, Chico, Chino Hills, Chino, Chula Vista, Citrus Heights, Clovis, Compton, Concord, Corona, Costa Mesa, Daly City, Davis, Downey, El Cajon, El Monte, Elk Grove, Escondido, Fairfield, Folsom, Fontana, Fremont, Fresno, Fullerton, Garden Grove, Glendale, Hawthorne, Hayward, Hemet, Hesperia, Huntington Beach, Indio, Inglewood, Irvine, Lake Forest, Lakewood, Lancaster, Livermore, Long Beach, Los Angeles, Lynwood, Manteca, Menifee, Merced, Milpitas, Mission Viejo, Modesto, Moreno Valley, Mountain View, Murrieta, Napa, Newport Beach, Norwalk, Oakland, Oceanside, Ontario, Orange, Oxnard, Palmdale, Palo Alto, Pasadena, Perris, Pleasanton, Pomona, Rancho Cordova, Rancho Cucamonga, Redding, Redlands, Redondo Beach, Redwood City, Rialto, Richmond, Riverside, Roseville, Sacramento, Salinas, San Bernardino, San Buenaventura, San Diego, San Francisco, San Jose, San Leandro, San Marcos, San Mateo, San Ramon, Santa Ana, Santa Barbara, Santa Clara, Santa Clarita, Santa Maria, Santa Monica, Santa Rosa, Simi Valley, South Gate, Stockton, Sunnyvale, Temecula, Thousand Oaks, Torrance, Tracy, Turlock, Tustin, Union City, Upland, Vacaville, Vallejo, Victorville, Visalia, Vista, Walnut Creek, West Covina, Westminster, Whittier, Yorba Linda, Yuba City and all other cities in CA - The Golden 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, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.