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All-Star Insurance Brokers Inc

2821 S Parker Rd Suite 455
Aurora, CO 80014

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Why home-based businesses need commercial insurance

More and more people are opting to operate a home-based business. Using your home requires less outlay of cash initially since you don’t need to pay rent or buy a building. But there is a temptation when your business is located in your home to assume that your home insurance will protect your business the same way it protects your home. All-Star Insurance Brokers Inc. in Aurora, CO has the expertise to help you make sure that you have the coverage necessary to protect your business.

Home property insurance protects your home from lots of perils. It is designed to be personal, not commercial. If your business located in your home were destroyed, you would find that a lot of the things you rely on for your business operations would not be covered by your home policy. Commercial insurance is designed to protect your inventory and any tools or machinery you might need to do business. You might get some coverage with home insurance, but not what you need. 

Home liability insurance protects you from injuries that a visitor might incur to your home. If you have customers or vendors who come to your home on business and are injured, your home insurance will not cover you. It would be best if you had commercial liability insurance to offer you the correct liability insurance. 

If your business cannot operate because of a covered peril, the insurance will provide the money you need to meet normal expenses with business interruption insurance. That includes paying bills and meeting the payroll, even paying yourself. Nothing on your home insurance would do this for you. 

If you have even one employee, you need to have workers’ compensation coverage for them.

Contact All-Star Insurance Brokers Inc. in Aurora, CO when you need commercial insurance information.

Business Owners and Commercial Insurance

As a business owner, you’re going to find yourself wearing many different hats. The list of responsibilities and duties which you must perform each week can sometimes feel overwhelming. At All-Star Insurance Brokers Inc., serving Aurora, CO, we want to help take off some of that stress. One of the biggest responsibilities felt by business owners is the stress of knowing it is up to you to protect your business from disaster or financial hardship. We are here to help with that. A solid commercial insurance policy can relieve this stress and strengthen your company. 

What Is Commercial Insurance?

Commercial insurance is a type of bundled insurance policy that can help business owners rest easy. This type of insurance product will have everything you need to make sure your money and time investments are well protected in your business. 

What Does Commercial Insurance Cover?

Although a knowledgeable insurance representative will customize a policy that suits your particular needs, there are a few general areas of coverage included in most commercial policies.

  • Property damage– Property damage insurance will assist if there is damage to your property or equipment because of fire, natural disaster, or burglary. The policy will help to pay for the repair or replacement of these things. 
  • Auto coverage– You must provide automobile insurance for any vehicles you use in your business’s operation. A commercial policy can cover this. 
  • Liability– Liability is a vital type of insurance coverage. If an employee or a customer is injured at your business or because of your goods and services, you and your company could be held responsible for any medical bills or legal fees which resulted. Expenses of this magnitude can leave a business owner financially vulnerable. A solid liability policy can protect you from this. 

If you would like to learn more, please contact us at All-Star Insurance Brokers Inc., serving Aurora, CO. 

 

3 Tips for Understanding Commercial Insurance

Whether you live in Aurora, CO or Dallas, TX, your business plays a huge role in how you interact with the city. From its people to its weather, you’re influenced by countless local forces. And when so many things can go wrong in a commercial enterprise, it’s worth examining how your policy works in real-life. All-Star Insurance Brokers Inc. is here to tell you more. 

1. The Minimums Are Not the Same As What You Need 

You may need a certain degree of coverage to stay in compliance with state law while you’re officially operating your business. But like so many other things in life, you may not want to let another person dictate terms for you. Business owners may want to consider adjusting their policy, so it fits their expectations as opposed to someone else’s. 

2. Liability Counts 

An employee harasses a customer, a patron slips and falls, one of your products malfunctions: all of these are everyday events that can be solved with the help of liability coverage. But your commercial policy may have limits on your liability, which can ultimately have a lot to do with how you handle an accusation. 

3. You May Need a Little Extra Help 

It’s impossible to research everything you need online. Even going line by line through your policy may confuse matters more than it helps. If you’re looking for someone who can explain your policy, without using technical jargon, it’s not a sign of weakness or ignorance. On the contrary, it can prepare you for what’s really to come if something goes wrong. 

If you don’t want to guess about your commercial insurance policy, All-Star Insurance Brokers Inc. in Aurora, CO is here to be of service. When you give us a call, we can help you decipher it all.