Californa Small Business Insurance Policies (Part 2)

In our previous blog article, we talked covered three important business insurance policies: General Liability, Commercial Property and Professional Liability. In this article, we’ll continue on to three other important policies. Every type of business, regardless of the size, requires its specific type of insurance.

Cyber liability insurance

yber liability insurance can help your business manage the cost of data breach recovery by paying for:

  • Data breach notification costs when a cyberattack hacks your point of sales systems and steals customers’ credit card information.
  • Forensic investigation into the cause of a breach.
  • Credit monitoring for customers affected by a breach.
  • Legal expenses if your customers sue you for not preventing the breach.

Business owner’s policy (BOP)

A BOP bundles general liability and commercial property insurance. Businesses may qualify for this if:

  • A business is considered low risk.
  • Fewer than 100 employees work at the business.

Commercial auto insurance

All business-owned vehicles must have commercial auto insurance. When you’re involved in an accident, this policy can help pay for:

  • Repairs to the other driver’s car and medical expenses.
  • Legal expenses if you’re sued over the accident.
  • Repairs to your vehicle if it’s damaged by theft, windstorms, or vandalism.

California workers’ compensation insurance

Workers’ comp is required by California law so employees at work are covered in case of an injury.  This policy can help pay for medical expenses and lost wages when an employee:

  • Slips and falls on a wet floor at your business.
  • Suffers a burn while working at your restaurant.
  • Develops repetitive motion injuries from office furniture that is not ergonomically correct.

 

If you are shopping for business insurance let Uniamericainc.com help you today!