If you own a business in Nevada, commercial insurance is essential for your safety. Without the proper coverage, a single calamity could bring the company to its knees. Fortunately, simply purchasing the right amount of commercial insurance can protect your company and its assets from loss.
With so many types of coverage available, many businesses need a skilled insurance agent to help them make the right decision. If you need insurance for your business, consider contacting an independent agency like Leo Insurance Group. Currently serving customers in Henderson, Las Vegas and Pahrump, Leo Insurance group can answer all of your questions and provide you with the individualized attention you need.
Below is some basic information about the most common types of commercial insurance to help you get started.
Commercial auto insurance protects your company's vehicles, whether they are cars, vans or trucks. Policies may offer liability coverage, collision coverage, personal injury coverage, uninsured motorist coverage and more. Prices vary, so compare quotes to make the best choice.
CGL insurance protects your company from situations in which an individual claims that the company caused property damage or injury. This type of insurance protects you regardless of whether you are at fault. Liability policies usually pay all of the costs associated with your defense in court, as well as any damages the court awards to the person who filed the lawsuit. Some liability policies may also protect you against sexual harassment or wrongful termination claims from employees.
Most commercial insurance covers your company's property, which includes the buildings, supplies, inventory, automobiles, equipment and intangible property, such as trademarks. Most policies cover against losses due to vandalism, fire or lightning, but you can also purchase additional coverage for rare events, such as floods and earthquakes.
Nevada requires most companies to purchase workers compensation insurance for anyone who qualifies as an employee. Workers compensation insurance is a policy that covers your workers if they sustain job-related illnesses or injuries. The policy may provide for the employee's rehabilitation and medical care, and it may also offer disability income.
Many insurers allow business owners to purchase BOP policies, which combine liability and property coverage into one comprehensive policy. With a BOP policy, all of your business's most important assets, such as its buildings and equipment will be covered, and you will also receive liability coverage to protect you from claims of injury or property damage. To make the best decision for your company, compare quotes for BOP insurance to quotes for individualized property and liability insurance policies.