Commercial Insurance in Arizona
Commercial Insurance coverage is a basic requirement for most businesses. Depending on the type of business, there are numerous Business Insurance Products available. Consequently, whether a new business is in the process of starting up or a business has been in operation for several years, it is of utmost importance that the business owner seeks insurance counseling from an experienced Insurance Agent. Let Lifetime Investments, LLC counsel and provide the Business Insurance Products needed to properly insure your business.
Types of Business Insurance
There are numerous commercial insurance products and the type of business will determine the insurance requirements. The following include a wide-range of available business insurance products.
- CGL (Commercial General Liability Insurance) protects the company and its employees from many types of incidents. This insurance covers bodily injury, property damage, product-completed liability, contractual liability, liquor liability and damages from fire, lightning and explosion. Medical payments for personal injury, coverage for advertising injury and legal defense costs also fit under the umbrella of a general liability insurance policy.
- Commercial Building Insurance covers structures built for businesses to inhabit and create profit. The product fulfills the needs of a variety of functions and structures, such as offices, medical centers, schools, retail shops, restaurants and even a hospital. A general definition is: any premises that are not residential and are used by a business for the intention of creating a profit.
- Personal Business Property is the equipment an individual uses for his or her business. The main characteristic of personal business property is that the equipment can be moved from one location to another.
- Business Auto Policies provide coverage for company vehicles that are used to run business errands, make deliveries, or meet clients. It protects companies from financial losses if a business vehicle is involved in an accident and causes property damage or injuries, offering high limits of liability and other coverage to protect the business when a claim occurs.
Working with an experienced independent insurance agent who will analyze the insurance needs of your business and provide a competitive proposal with all the necessary coverage should be a significant part of any business plan. The Agents at Lifetime Investments, LLC have the experience and work with numerous insurance companies that offer necessary business insurance protection.
Call today for an assessment of your commercial insurance coverage and needs.