What Kind of Commercial Insurance Do You Need in California?

In California, there are specific types of commercial insurance that are needed for various businesses. There are two types that are mandated by the state, and there are also countless other policy types that can be extremely helpful in protecting your business. If you are interested in commercial insurance for your California business, contact us today at Armorcrest Insurance Services in El Centro, CA.

Workers’ Compensation Insurance

When you have a business that has any number of employees, whether they are full or part-time, you are required to have workers’ compensation insurance. Having even one part-time employee makes this coverage mandatory. If someone gets injured at work, or develops a work-related illness, the business is generally liable for all of those medical bills as well as the injured party’s lost wages during recovery. With workers’ comp insurance in place, it is the policy that pays- not your business. This can keep a business from going under due to high medical bills to pay. 

Commercial Auto Coverage

If your California business owns a vehicle, it has to be covered by a commercial auto insurance policy. There are a few types of coverage that the policy is required to have as well as minimum amounts for each of those coverage types. There is a mandatory minimum amount for property damage liability coverage. There is another amount required for the injury or death of one person in an accident and another for everyone who was injured in the vehicle’s accident. All three of these amounts are very low when compared to other states, and it’s a good idea to get more than the required minimum for coverage. 

Get Your Commercial Insurance

It’s always best to have enough insurance, and your business can suffer without it. To make sure you have the commercial policies you need, contact us at Armorcrest Insurance Services in El Centro, CA.