Arnold, Bruce & Doerfler Insurance Blog
Almost half of businesses every year face a lawsuit, as mentioned by the Small Business Administration. Having insurance, such as a business owner's policy, can be crucial to continue your business's success and growth. Here are added coverages for 2020.
Buildings are sometimes more than only one. Your insurance company will pay for any direct damages or physical loss to listed premises or property provided on the contract. However, the costs must be due to the following covered cause of injury:
The contract requires the insurer to pay particular amounts that the insured needs to legally pay out of obligation, including property damages, advertising or personal injury, and damages due to bodily injury. Other types of accidents are also death, loss of services, and care. Due to this obligation, the insurance company has a duty to any lawsuit that pursues damages.
Common Policy Conditions Coverage
The amount you will have to pay for your business owners policy will depend on the number of employees you have, the type of business you run, and the sales you typically earn. Other factors include your business location and claims history. Always work with a licensed commercial agent to get the right advice you need.
At Arnold, Bruce & Doerfler Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (503) 222-1951. Get your free quote today by CLICKING HERE.