If you have never heard of commercial insurance and want to get. Basic information about this kind of insurance plan then you have land in the right place. In this post we are going to tell you about the common types. Of insurance plans you can find for your commercial assets. You also go to find out about the commercial insurance price in California. The first thing that you need to know is that this is the insurance that would give protection to your business against any losses. To your property assets or even injuries to employees. Now there are different types of commercial insurance plans. Below we have discussed the four common ones!
Property insurance
The commercial property insurance California plans are the ones that can provide you coverage. For any damages your business property faces. Now you must know that this insurance plan doesn’t cover all the property costs. But it would surely provide basic coverage for structure and inventori. Now the basic commercial insurance for the property would cost you around $700 annually. If you want to get coverage that is not include in the basic plan then you need to get addons.
Liability insurance
The commercial liability insurance California is the type of insurance plan which covers all sorts of damages. That the policyholders cause to third parties. Now you must know that this kind of insurance is very important for large businesses and the main reason behind is that it covers all common risks. Like coverage for accidents and injuries caused to your customers on your premises.
The company liability insurance cost is around $1000 for a year. This is not high if you see the benefits you would get against it! All top commercial insurance plans would include liability coverage!
Workers compensation insurance
This is another type of insurance plan which gives. You coverage for medical bills in case your workes get hurt during their work. Mostly construction companies mill and factory where human labor is majorly use would get this kind of commercial insurance. In simple words this insurance compensate your workers for losse they face on your premises due to assigne work.
Commercial auto insurance
You must know that the business property insurance cost is just for the structure and inventories. If your business has cars register in its name then you to get the best commercial auto insurance. This type of Commercial insurance is very much important and this is because it provide you coverage. For not only your vehicle but also any package you are deliver in the car. If you have a van truck or car that you use for deliveries customer service or any other purposes. Then need to get the commercial car insurance.
Usually, umbrella commercial insurance which provides basic coverage for everything would cost you around $500 a month. Now you must know that the cost of commercial insurance plans would depend on many factors. The size of your business and the risk level are commonly consider factors by insurance provider.
