Small business is the heartbeat of our economy here in Arizona. Every company needs insurance, from single-person proprietorships to locally owned shops with multiple employees and locations. At Neeley Insurance, we consider it a privilege to work for hard-working business owners. We can help minimize risk gaps, make recommendations for coverage, and shop around for the most affordable rates on a commercial policy.
A lot can go wrong when you own a business:
- Employees could accuse you of unfair practices
- A worker could be injured on the job
- A custom could fall in your office
- Your company vehicle could be in an accident
- A fire could destroy all of your equipment and inventory
These are just some of the examples of scenarios that could threaten the financial security of your business without the right coverage. That is why small business insurance is more of an investment in your success than an obligation. Securing the right coverage now can set the foundation for many years of financial health.
Types of Small Business Insurance
As a business owner, your insurance needs are as unique as the company you run. Our goal is to answer any questions you may have about coverage. Some of the most common small business insurance coverage types include:
When employees are injured on the job, workers compensation insurance assures that they have adequate time to heal and recover. It helps pay medical expenses, rehabilitation costs, and lost wages. It also protects you from being sued for a workplace injury.
One major lawsuit could lead to financial ruin if you do not have enough general liability insurance. This type of coverage is designed to shield your business assets from liquidation if you are faced with legal fees, judgments, medical bills, and settlements related to an incident your business is responsible for.
If you operate your business from a physical location or have inventory you need to protect; property insurance can protect you against a wide range of perils, including fire, inclement weather, theft, and vandalism.
Business Interruption Coverage
When a fire or some other covered event forces you to temporarily halt or minimize your business operations, business interruption coverage can help keep the bills paid until you are up and running again.
Commercial Vehicle Insurance
If you or your employees drive a company vehicle for work purposes, you need commercial auto insurance that will protect you, your drivers, and your vehicles from possible accidents.
EPLI (Employment Practices Liability Insurance)
As an employer, you are required to treat your employees equally. If you are accused of unfair hiring and firing practices or harassment, EPLI can help cover your liability.
E&O (Errors and Omissions)
Everyone makes mistakes, but a human error that causes a customer to suffer damages could result in a lawsuit. Errors and omissions insurance covers the cost of these damages, whether you made an error on a client’s tax return or you gave bad advice while providing consultation services.
Small Business Insurance in Arizona
If you own a small business, don’t take a chance with your investment. We here at Neeley Insurance can help you determine which types of insurance you need, and we will work hard to find affordable rates that protect your bottom line. When you trust Neeley Insurance, you never have to sacrifice the quality of coverage for a great deal.
For more information about small business insurance in Arizona or to request your free quote, contact our office today.