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.
California Interpreter Insurance
California Interpreter Insurance. If you are an interpreter, then chances are you're the person professionals call on when they need to translate verbal or written communications from one language to another. As a translator you're hired by individuals, corporations, lawyers, government entities and even medical professional to translate speeches, interviews and other forms of communication into another language.
Although this job may seem simple, there are many risks involved. For instance, if there's an error in something you translated or you cause damage to a business with your errors you make you can be held liable. For this reason, you must have protection. In this post, we'll take a look at some of the risks and the types of California interpreter insurancepolicies you can get to protect your business.
California interpreter insurance protects your translation business from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Translator Insurance Basics
Although it might be hard for you to cause bodily harm to a third party, you still should have California interpreter insurance to keep your business and personal assets covered. It's possible for a person on your property to sue you if they get hurt while being there. Following are some basic types of translator insurance:
Commercial General Liability Coverage - A client can always sue you if they are injured while on the premises of your business. With this coverage, you get a broad range of protection against lawsuits made against you by a third party for bodily harm or property damage. Commercial general liability insurance covers any cost associated with any harm done by your business. If you have to pay medical bills or replace damaged property this insurance will help you. In the event, you're sued then having this California interpreter insurance helps with the costs associated.
Having CA commercial property insurance protects the building and the contents in those buildings that you use for your business. Your computers, office furniture, and other office supplies will be covered when you have this insurance. Any property damaged by fire, severe weather, theft or vandalism is repaired and quickly replaced with this type of insurance coverage. Interruption coverage is also a part of this protection. If there is ever a time in your business where you are unable to operate for a period because of relocation or some other issue you are covered when you have this insurance.
Professional Liability Insurance For Translators - The biggest risk you face as an interpreter is an error caused by an oversight on your part that results in damages to your clients' business. Let's say you're required to translate an important document like medical lab results, and an error in translation leads to the patient getting the wrong treatment or even death you can be sued. A situation like this could result in you losing lots of money in your business if aren't adequately protected.
When you are translating it your job to get the accurate translation to the person or company that needs it. If you make a mistake, then you can be held liable for the damages caused. With interpreter professional liability insurance (also now as errors and omissions), you'll have protection if a client sues you for negligence. This coverage helps with legal defense fees, settlements, and judgments. Speaking with an experienced insurance agent will provide you with the information you need to find the right California interpreter insurance policies for your business.
Other Insurance Policies To Consider For Your Translation Business
CA Commercial Auto Insurance - Vehicles you use for your business needs to be covered. While driving on the road, there is always the risk of getting in an accident. When you are an employee of your business causes damage to a third party while using a business vehicle you can be held liable. Luckily with this type of insurance in your business, you will be protected.
CA Workers Compensation Insurance - Workers comp is required in most states for any non-owner employees. While on the job there's always the chance of an employee being injured. If they need medical attention because of the injury, they will be covered when you have this insurance.
CA Interpreter Insurance
As an interpreter, you may think there aren't that many risks to your business, but you're wrong. To ensure the success of your business you need to have protection. The last thing you want happening is a lawsuit against your business that results in a huge financial loss for your business. Find the right insurance and keep your translation business protected today.
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 Lone Star 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 Resources For Professional Service Insurance
Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.
- Answering Service
- Attorney Lawyer
- Business Consulting
- Corporate Wellness
- Court Reporter
- Debt Collection Agency
- Electrical Engineering
- Executive, Career & Life Coaching
- Executive Search Firm
- Expert Witness
- Financial Services
- HR Consultant
- Mediator - Arbitrator
- Medical Billing
- Music, Drama & Dance Therapy
- Project Management
- Temporary Staffing
- Tax Preparer
Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.
Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.
In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.
Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.
Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.
Request a free California Interpreter Insurance insurance quote in Alameda, Alhambra, Anaheim, Antioch, Apple Valley town, 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.
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