Category: Commercial Insurance

Some of the most important insurance coverage for small business owners is a kind of policy many small business owners don’t know anything about.

It’s errors and omissions insurance. At QuoteBroker Insurance Services, serving Santa Clarita, CA, we ensure all our business clients know about it.

What Is Errors & Omissions Insurance?

Errors and omissions insurance protects your business from claims for negligence, mistakes, or inadequate work. It also covers when you are accused of inaccurate advice, dishonest advertising, or failure to act in good faith.

If you are a small business owner in California, you know you can be sued anytime for almost any reason. You don’t have to have made an error or an omission to be sued for errors and omissions! 

Even if you win your case, you have to pay your legal fees. Errors and omissions insurance covers your legal fees and allows you to avoid making a settlement just because you don’t have the cash to pay your lawyer.

What Kinds of Small Businesses Need Errors & Omissions Insurance?

QuoteBroker Insurance Services often writes errors and omissions policies for:

• Certified public accountants.
• Realtors.
• Bookkeepers and tax preparers.
• Graphic artists.
• Website designers.
• Interior decorators.
• Photographers.
• Marketing consultants.

Insurance agents also carry errors and omissions insurance. How much coverage you need depends on the price of the services you provide.

The State of California Does Not Require Errors & Omissions Insurance, But Your Customers Might

There is no state or federal requirement for small businesses to carry errors and omissions insurance. But your clients may want you to carry it.

Errors and omissions policies usually have a retroactive date. They cover you 30 or 60 days before you buy the policy. So, if you need coverage, come into QuoteBroker Insurance Services to get your policy today! We are convenient to everyone in the Santa Clarita, CA, area.

California businesses face a wide range of risks, from natural disasters to liability claims. As such, it’s essential to ensure that your business is prepared with the right commercial insurance coverage. QuoteBroker Insurance Services, a trusted provider of commercial insurance in Santa Clarita, CA, can help businesses understand their insurance needs and find the right coverage to protect their assets.

Commercial Insurance in California

One of the most critical types of commercial insurance for California businesses is liability insurance. Liability insurance can protect businesses against legal claims arising from injuries, property damage, or other incidents that occur on their premises. Without adequate liability insurance, businesses could face significant financial losses and even bankruptcy. QuoteBroker Insurance Services can work with businesses in Santa Clarita, CA to determine their liability insurance needs and find policies that provide comprehensive coverage.

Another important type of commercial insurance for California businesses is property insurance. Property insurance can protect businesses against losses resulting from damage or destruction of their physical assets, such as buildings, equipment, and inventory. This type of insurance is particularly important in California, where businesses are at risk of earthquakes, wildfires, and other natural disasters. QuoteBroker Insurance Services can help businesses find property insurance policies that provide the right level of coverage for their specific needs.

Finally, businesses in California should also consider cyber liability insurance. With the rise of cyber threats, such as hacking and data breaches, businesses are at risk of losing sensitive information and facing legal claims from customers or employees. Cyber liability insurance can provide coverage for these risks, including legal fees, notification costs, and other expenses associated with a data breach. Our team understands our clients’ cyber liability insurance needs and can help find policies that provide adequate coverage.

Reach Out To Us!

California businesses must be prepared for a wide range of risks, including liability claims, property damage, and cyber threats. QuoteBroker Insurance Services can help businesses in Santa Clarita, CA understand their commercial insurance needs and find policies that provide comprehensive coverage. By working with a trusted insurance provider like QuoteBroker Insurance Services, businesses can ensure that they are prepared for whatever challenges come their way.

When you own a small business, you are probably watching every penny that you spend. You may try to save money, by doing with less. That being said, it can be a mistake to skimp on your business insurance. 

In order to make sure that you have enough insurance for your business, you need to know more about the types of business insurance. QuoteBroker Insurance Services in Santa Clarita, CA can help you navigate this important insurance coverage.

The most common type of insurance is called the Business Owner’s Policy:

It includes general liability, commercial property insurance, and business income insurance. 

• General liability insurance protects you if someone is injured on your property. It will cover medical expenses and other fees. General liability also covers damage that may occur to someone’s property. 
• Commercial property insurance covers your building where your business is. It will cover your office whether you rent or buy the building. It also covers the equipment that you have in it. 
• Business income insurance protects you if you are unable to run your business due to property damage. It will help you pay your bills, even though you aren’t able to make any money. 

You may also want to look into professional liability insurance

This is also called errors and omissions (E&O) insurance because it will cover your legal fees if you have made a mistake in your business. 

If you have a vehicle that you use for your business, you will need commercial automobile insurance

This works like regular automobile insurance. 

In order to be fully protected, you may also want umbrella insurance

This simply picks up where your regular insurance stops. 

Give Us A Call

In order to make sure that your small business is protected, you need to contact us today at QuoteBroker Insurance Services in Santa Clarita, CA.

Commercial insurance is vital for any business venture in Santa Clarita, CA. It safeguards business entities against liabilities culminating in their daily activities like an injury at the workplace, property damage, and prevailing damage to reputation. Generally, commercial insurance covers mishaps and accidents which can transpire during ongoing business operations. Nonetheless, it’s also prudent to understand what commercial insurance excludes. With this in mind, QuoteBroker Insurance Services is here to share standard commercial insurance exclusions.

Liquor liability

When a given business entity engages in manufacturing, selling, and serving alcohol, it’s exempted from getting protection as there is no liquor liability. Therefore, a company must obtain a separate policy underwritten explicitly for the liquor risk.

Expected or intended damage

This risk is excluded when a given action is undertaken intentionally, and there is a high expectation of damage or injury from the activity. Commercial insurance won’t cushion you when you consciously engage in an action that is susceptible to a claim. For example, when you try to maneuver a forklift through a parking lot to load materials, you accidentally damage a motorcycle blocking your path.

Breach of contract

Your insurer is likely to dishonor any claim arising from a breach of contract. So, honor your contracts to avoid financial losses.

Pollution

When a given company releases contaminants due to its operations, there will be no compensation against such a claim. This exclusion stands irrespective of whether the pollutants get emitted gradually or abruptly.

Flood damage

Flooding isn’t covered by typical commercial insurance. However, you can purchase stand-alone insurance from private carriers or the National Flood Insurance Program (NFIP).

Are you a business owner in Santa Clarita, CA searching for commercial insurance? Please get in touch with QuoteBroker Insurance Services. We will help you navigate commercial insurance by educating you on what it covers and excludes.

QuoteBroker Insurance Services is here to help businesses in the greater Santa Clarita, CA area with all of their insurance needs. If you have questions about commercial insurance or issues with worker’s comp protection, give us a call today.

Make sure you have the appropriate worker’s comp insurance in place

When an employee gets injured on the job there will likely be some financial impact on your company. Even if you are not at fault, a worker’s comp case may determine that you must bear some of the financial impacts. In most cases, your insurance will kick in and you will have some protection from the financial implications.

Because every situation is different, it can be difficult to determine the exact level of coverage that you should have in place. This amount can be determined in a number of different ways. Because of the variability of the amount you will need, along with the importance of this protection, it is a decision worth a lot of consideration.

Meeting with an insurance agent who understands the complexities of commercial insurance is advisable. By turning to a professional, local agent, you will be able to discuss your unique needs. If you find out that your company does not have adequate protection and needs to increase the amount of worker’s comp insurance that your firm carries, they will be able to help. 

Finding the right policy with the appropriate levels of coverage is very important. 

Don’t overlook this important part of protecting your business

Having the right amount of worker’s comp protection is an important part of business insurance. QuoteBroker Insurance Services is here to help business owners in the greater Santa Clarita, CA community with all of their insurance needs. Call today!

When you are running a business in California, you will have a number of worries on your mind on any given day. At the same time, you will be updating and upgrading your business on a regular basis in an effort to increase your revenue stream. When you are doing this, you’ll want to think about updating your California commercial insurance policy.

But when?

At QuoteBroker Insurance Services, we help Santa Clarita, CA business owners keep their commercial insurance policies up to date, and thorough. Here’s when you need to update yours.

Upgrades to Locations or Property

If you are making any updates at all to your space or building, you will need to make sure that those changes will be insured. Your existing commercial policy is covering a certain amount of space and buildings, and any changes will need to be covered as well.

When you are renovating, changing address, downsizing or upsizing in any way, or even adding a new computer system or network, you need insurance. 

You’ll need to update your commercial insurance policy when you update anything in your building or contents because you’ll want them covered. If you own the property, your insurance company may require it.

You Change the Plan of your Business

When you change the entire scope of your business, you’ll need to update your policy. Your California commercial insurance policy covers certain things. When those things change, you need to update the policy, or at least update your insurance broker.

If you are selling new products or doing something entirely different from what you started out with, you’ll need a new commercial insurance policy. Should you change management, add a board of directions, or alter the function of the business in any way, you should update your policy or purchase more insurance.

Get a Quote

When you are making changes to your business, you’ll need changes to your California commercial insurance. At QuoteBroker Insurance Services, we want Santa Clarita, CA business owners to feel secure with thorough commercial insurance policies. Call us for a quote to update your plans today.

If you are looking for a policy to protect your business, commercial insurance should be your first choice. But with the various requirements and coverage options for companies based within Santa Clarita, CA, a simple consultation can be a tricky ordeal, especially for first-time policy seekers. QuoteBroker Insurance Services highlights some essential items covered by commercial insurance to help with this.

Work-Related Injury

Accidents at the workplace often happen when you least expect them to, with some resulting in lawsuits. If your employees suffer any work-related injuries, workers’ compensation coverage offsets any medical costs for treating injuries and any legal fees you incur after unexpected mishaps.

Property Damage

If you or your employees get into an accident, commercial policies such as auto insurance will help pay for the costs of repair or replacement of your business vehicle. Other options such as commercial property insurance will offset any expenses you incur when your office equipment and items, such as furniture, get destroyed during events such as fire outbreaks.

Cyber Threats

Data breaches are a growing concern for businesses who store their data online, with cyber hacks estimated to cost businesses massive losses. To help keep your business out of such threats, cyber insurance provides coverage to companies that experience data breaches while also covering data retrieval costs. If you also experience legal damages from such an incident, cyber coverage takes care of your legal fees, along with any costs related to securing your site.

General Liability

Businesses may occasionally need to combine property damage and bodily injury into a single policy, an area that general liability insurance covers. In addition to this, general liability will also provide coverage when slander and libel claims occur, making it a worthwhile option for Santa Clarita, CA businesses.

For more information on how to protect your business from the above-listed emergencies, consider giving QuoteBroker Insurance Services a call. Our agents will take you through our vast range of commercial insurance options and guide you to your desired selection.

Updating your commercial insurance in Santa Clarita, CA starts with asking some pivotal questions. Too many business owners will renew their insurance, never stop looking at the policy’s terms and how they might not mesh with their current operations anymore. QuoteBroker Insurance Services has a few tips so that you can get your policy up to speed. 

What’s Changed?

A new policy means that you need to factor in what might have changed between the last time you looked at it. What’s your customer volume like these days? More people means more chances for liability, so it helps to be prepared in that area. You may need to increase your liability limits or even check into an umbrella insurance policy to keep yourself protected. If you’re ordering more inventory or changed your business practices in any way, these are also good things to keep in mind when you’re creating a new contract. 

Who Are You Working With?

Some insurance companies are more communicative than others. They take the time to learn more about your business and how coverage can keep it protected. But others don’t have that same agenda. If you find yourself dreading the idea of reaching out to your carrier, then updating your commercial insurance could be as simple as switching companies. 

QuoteBroker Insurance Services is here to serve the many business owners of Santa Clarita, CA, and keep them protected from any number of potential events. Whether it’s an unexpected storm or a cybercrime, we can discuss several scenarios and what you can do to prepare for them. Give us a call today if you’re looking to update your commercial insurance coverage, so we can get the ball rolling.