Business & Commercial Insurance
Commercial Auto Insurance
As a business owner, you need the same kinds of insurance coverage for the car you use in your business as you do for a car used for personal travel — liability, collision, and comprehensive medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the business owns the vehicle, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will ensure possible clarity if you need to file a claim or a claim is filed against you.
Whether you need to buy a business auto insurance policy depends on your driving. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them, and whether employees if you have them, will likely be driving their own cars for your business.
While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.
If you have a personal umbrella liability policy, there’s generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.
Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.
General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations, including:
- Property Damage coverage for the physical damage to the property of others or the loss of use of that property
- Products-Completed Operations provides liability protection (damages and legal expenses up to your policy’s limit) if an injury ever resulted from something your company made or service your company provided
- Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual liability extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types
Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.
In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.
Do I Need Workers Compensation Insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and provide medical care and compensation for lost income to employees hurt in workplace accidents, businesses must buy workers compensation insurance in almost every state. Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere or in auto accidents while on business. It also covers work-related illnesses.
Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states, some regulations cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don’t include coverage for workers’ injuries.
Learn why Orange County businesses call Zeinali’s for their commercial insurance needs
Does Zeinali's offer employee benefits packages?
Absolutely. Call us today about our medical, dental, vision, life, and disability insurance plans.
Should my business invest in group health insurance?
Offering a comprehensive benefits plan provides a competitive advantage to compete when the labor market is tight. It also improves employee morale and may be required depending on the size of your company.
Why do I need a liability policy?
Liability insurance helps cover your business in the event of lawsuits or other claims from injuries or property damage. In some cases, your customers may also require you to carry liability insurance.
Do you offer workers compensation insurance?
Yes! Call Zeinali’s to protect your business from claims by employees who incur work-related injuries.
What other insurance products do you offer?
We sell a full range of personal and commercial insurance plans, from homeowners policies to individual medical plans. Click here for more information on the types of insurance policies we offer.
What makes Zeinali's different?
We are known for our hassle-free service, affordable options, and friendly and experienced staff. Schedule an appointment or stop by our Tustin, CA office and experience the Zeinali’s difference.
Zeinali's Delivers Peace of Mind
Contact us today and learn why Orange County businesses trust Zeinali’s for liability, health, interruption, and commercial vehicle insurance.
Orange, California 92865