California Business Insurance

In California there are many different types of commercial business insurance to consider. These forms of business insurance can be for legal and financial reasons. As well as many work related issues. For example an employee may get injured in a commercial auto accident. This could result in costs and fees that could be detrimental to the business. 

How much is commercial insurance in Sacramento California? 

The amount you pay for business insurance in California will depend on many factors. Those factors can be things such as the industry, size and location, business needs, to name a few. For example a business with zero employees may receive a lower rate than a company with 1,000 employees. As well a very risky industry may experience higher rates than an industry that poses less risk. 

Level of risk a business carries may be the most influential component in the premiums cost. A business that is known for dealing with heavy machinery may experience higher rates than a company where most of the employees are behind a desk. 

California business insurance requirements

In California most commercial insurance is not a requirement, except for workers compensation insurance. If your business has employees, you more than likely will be required to carry workers comp insurance. 

The state doesn’t require some coverages such as general liability, although many businesses decide to carry it anyways. This is due to this and many other forms of commercial insurance having the ability to save a company from financial ruin. As well, some potential clients of the business may require a basic general liability policy before they will hire some businesses. 

California businesses we have helped secure commercial insurance

At Beacon Business Insurance we have helped many small business owners get the coverage they need to protect their business. Below are a few examples of industries we have led to great coverage;

• Contractors
• Landscapers
• Technology / IT specialists
• Cleaning services
• Construction workers
• Handymen
• Restaurants
• And many more

Small business insurance in California

Small businesses in California make up 98% of the states businesses and employ close to half of the total workforce. Which makes protecting the small businesses in California vital. 

California is the largest economy in the US and the with largest in the world. Which makes it ideal to build and run a business. This makes it even more important to know the laws and regulations that surround it. There are several reason a new business can be at risk and having the right commercial insurance can mean all the difference. 

California laws which increase business liability rates

There are many government regulations, laws and restrictions that may affect a business in California. The state comes in 5th in the nation for the most at risk to be sued by employees. The high number of employee lawsuits are the result partly due to incredibly strict regulations revolving around anti-anti-discrimination and fair employment practices. This can create higher scrutiny from employees. 

California workers compensation insurance

If your business has at least one employee in California, you will be required to carry workers compensation insurance. Workers comp insurance is coverage that will help to cover the costs or fees if an employee is injured or becomes sick on the job and is unable to perform their job. Some of the benefits workers compensation insurance can provide are medical care, permanent disability benefits, temporary disability benefits, supplemental job displacement benefits, death benefits, and return to work supplement. 

The National Federation of Independent Businesses (NFIB), notes that executive officers and directors of businesses are required to be covered by workers comp insurance. The exception would be if the business is fully owned by those same officers and directors. If the owner of a company does not have employees, they can opt out of coverage. 

With the amount of different coverages when it comes to commercial insurance, it’s always best to speak to a professional agent to explore all of your options. This is where Beacon Business Insurance can help! We have a team of expert business insurance agents standing by to answer your questions and help you get the coverage you need to fully protect your business. 

To get a free business insurance quote, please give us a call at 916-273-8391