Required Commercial Insurance in California

California businesses have two types of commercial insurance that are required for them under certain situations. If you aren’t sure which types of commercial insurance your business needs, contact us today at Voi Insurance Solutions LLC in Glendale, CA to find out more about them. 

Workers’ Compensation

Workers’ compensation insurance is an insurance type that covers the medical bills and lost wages for employees who become injured or sick while at work. This can help to save your business a significant amount of money by paying those bills instead of your business having to pay them. It’s an important protection for any business that has employees, whether they are part or full-time workers. 

Commercial Auto

If your California business owns a vehicle, it’s up to your business to keep a commercial auto insurance policy. This policy is required to have a set minimum amount for property damage liability for an accident, a bodily injury or death coverage for each person and bodily injury or death for the entire accident. With these protections in place, your business is protected from having to pay for medical and property bills that come from an accident that you or your employees are liable for.

If you use a vehicle for work tasks, but your business does not own it, there is a recommended (but not required) insurance policy that is called hired and non-owned. If you have an accident that you are liable for while doing business tasks with your vehicle, the insurance policy will generally not pay for the resulting bills. 

Get Your Business Insured

Insurance protection is one of the most important things to put in place when you begin your business. If your business isn’t yet insured, or you want more coverage, call us now at Voi Insurance Solutions LLC in Glendale, CA.