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.
Oregon Executive Search Firm Insurance
Oregon Executive Search Firm Insurance. Finding the right people to work in your business is important. This is why executive search services exist. Executive search services research, identify and interview candidates for companies that need executives and senior management personnel. To find the right person an executive research company must identify specific characteristics. Doing this allows them to find the right person for the job.
Unfortunately, just like any other business, many risks come with this type of business. With the different risks involved it's best, you have Oregon executive search firm insurance for your business. In this post, we'll take a look at the different coverages and how you can choose the best ones.
Oregon executive search firm insurance protects your headhunting business from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Executive Search Firms and Liability Insurance
When you're hired as an executive recruiter, you're hired for your expertise in finding the right executive for a company. If something goes wrong during this process, you can be held liable. For this reason, the right Oregon executive search firm insurance is vital to your company's survival. Below we'll take a look at some of the different insurance policies you can get to protect your firm:
Professional Liability Insurance - This provides professionals, their partners or the corporation with protection if they are sued for negligence by a client or even an candidate.
Commercial General Liability Insurance - Having this type of Oregon executive search firm insurance helps when there are lawsuits made against your company. Any lawsuits made against your business for third-party bodily injury or property damage is covered when you have this type of coverage. It helps you with any direct costs that come as a result of the operation of your business.
Commercial Property Insurance - Having this coverage protects the buildings you use for your business and the contents that are in them. Many things can damage your business like fire, smoke or inclement weather and you must have protection from them. This is why having this type of protection is important. Fortunately, most times business interruption coverage is included with OR commercial property insurance. When there's a period that your business is unable to function the way that it should then this coverage helps with any expenses.
Other Headhunting Insurance Coverages To Consider
To keep your firm protected you must ensure that you have protection in every area you could be held liable. To do this, you must have some of these other types of insurances:
Cyber Liability - If there is ever a breach in the system of your business that causes customer information to be leaked, then it's important you have this type of coverage. If there's a need for public relations, then this kind of policy helps to cover any costs associated with it.
Employment Practices Liability Insurance - This type of insurance helps to protect you if an employee or a past employee sues you because they think they've been treated wrong by you.
Commercial Umbrella - Having this type of excess liability coverage is important if you ever feel like you need some extra protection for your business. This insurance helps to keep your business covered when the limits of your other policies have been exhausted.
Workers Comp Insurance - This insurance is mandated by most states for any non-owner employees. If an employee is injured while on the job and needs medical attention, then this insurance helps to cover any cost associated with it. If injury results in a fatality it helps with paying benefits to the surviving family. Also by having this insurance for your business helps your employees to feel safer while they are working for you.
OR Executive Search Firm Insurance
Your goal as an executive search company is to ensure that you give your clients what they need professionally. Although this is what you do there are still may risks that come with it. Without insurance, you stand the chance of losing everything that you own in your business. The last thing you want is everything in your business being lost all because you didn't take the time to get the right protection for your headhunting business.
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 2019.
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 2019 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 Professional Services 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
- Detective Agency
- Electrical Engineering
- Environmental Consultant
- Executive, Career & Life Coaching
- Executive Search Firm
- Expert Witness
- Financial Services
- Financial Planner
- 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 Oregon Executive Search Firm insurance 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, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.