Colorado Springs Commercial Insurance
If you are a business owner or about to become one it is a difficult job to keep up with everything. Thats why we want to help explain business insurance in detail for you wil be able to easily make a decision once you go to a local insurance agent in Colorado Springs.
Type of Small Business
For almost everytype of business in Colorado Springs you will be able to get insurance. However every insurance plan differs depending on the type of business, amount of employees, and vehicles the company owns.
Here are the most common companies insured in Colorado Springs
Plumbers, Electricians, Roofer, Coffee Shops, Carpenters, Exterminators, Cleaning Services, Interior Decorators, Parking Areas, Chauffeur, Taxi Services, Real Estate, Churches, Events, Retail Stores, Gas Stations, Music Stores, Restaurant, Bar, Hotel, Bed & Breakfast, Gyms, Car Dealers, Car Rental, and so much more.
Different Business Insurance Options
There are a wide range of commercial and business insurance options in Colorado Springs, depending on the type of business you own will depend on the type of insurance that you will need. We want to go through the different types of commercial insurances offered in Colorado Springs and break them down for you know what type of insurance fits your company best.
Commercial Liability Insurance
This is the most basic level of insurance in Colorado, this covers the general liability exposures of a business. It is recommended that every business would have at least commercial liability insurance.
Different Types of Liability insurance options
Professional Liability Insurance This is an insurance for certain type of businesses that could injure their clients or a third party’s data. Most type of businesses who would need this insurance is accountants, attorneys, insurance agents, architects, engineers and technology companies
Employment Practices Liability Insurance
This covers all employment related issues from hiring to firing. So if you or your business are accused of wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights this will help cover the legal costs. If your business has lots of employees this is a recommended business insurance.
Directors and Officers Insurance
This is if you are the owner of the company or a high person within an organization this will protect you if your doings could cause the company harm. This will help pay for the legal help and protect you from the company you work at.
Is insurance that will cover any damages done to your store or the products in your store. So if you are robbed or a fire burns your product you will be covered to replace some or all of your products.
Commercial Auto Insurance
If you have a business vehicle or offer your employees vehicles, then it is a good idea to get commercial auto insurance. This will cover all of the vehicles that you or your employees drive while working. You will need some type of insurance for every vehicle you have on the streets. You will be able to choose from liability, personal injury, medical comprehensive, uninsured motorist, collision coverage, window coverage. And much more you will be able to see all of the different types of coverages for auto insurance here. If your employees use their own vehicles to perform work tasks your company could also be liable for any accidents which could occur.
Commercial Auto Insurance Options
- Bodily Injury
- Property Damage
- Personal Injury
- Uninsured motorist
Other Business Insurance Options in Colorado Springs
The insurance policy that you decide to get depends on the business that you operate as well as how much coverage you would like to have.
Questions an Insurance Agent Will Ask You?
- How many employees do you have?
- What type of business do you own?
- What is the value of your inventory?
- Do you have company vehicles?
- Do your employees work off location?
Major Business Insurance Companies in Colorado Springs
- State Farm
- American Family