What Commercial Insurance Do I Need In Arizona?

From Tuscon to Phoenix to every city and town in between, Arizona businesses must carry both workers’ compensation and commercial auto insurance policies. The first, workers’ compensation insurance, is needed for any business that employs at least one person – full-time or part-time – and is used to pay the medical bills and lost wages of an employee that suffers a workplace injury or illness. Some coverage exceptions exist for contractors, casual workers, and domestic workers employed at home. The second, commercial auto insurance, is needed for any business-owned vehicles with the below minimum liability requirements:

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $15,000 property damage liability per accident

While not legally required, if you subject employees to using their personal vehicles for work-related job functions, such as a delivery driver, you should insure their vehicle with a hired and non-owned auto policy as most personal policies will exclude business use. 

Although not required, small businesses in Arizona may also want to consider additional coverage to protect their corporation better. For example, cyber liability insurance can help businesses recover from cyber-attacks and data breaches by paying for the costs of notifying impacted customers, regulatory fines, and any other legal fees that may arise. At Giles & Iten Insurance in Surprise, AZ, protecting your business is our top priority. Our friendly and knowledgeable team of insurance professionals will take the time to learn about your business so that we can make personalized recommendations that best safeguard you, your employees, and your company. Give us a call today to schedule a no-obligation consultation. 

How will commercial insurance protect my business?

Owning a business comes with risks, regardless of the industry you operate. As a business owner, your main goal is to suppress these risks that may interfere with the success of your business. One sure way of achieving this goal is investing in commercial insurance. Commercial insurance is that safety net that protects you financially against unfortunate occurrences like vandalism and fire.

To that end, procuring commercial insurance for your business is a worthwhile decision. At Giles & Iten Insurance, we are committed to helping our clients get the right insurance that suits their needs. If you are in Surprise, AZ, here is why you should invest in commercial insurance.

Protects your assets

If you are a business owner, you must value your assets like equipment or furniture. One unthinkable event could destroy all your assets. But commercial insurance offers the required coverage that replaces your assets.

Protects your employees

An ailment or work injury from a worker can cause a substantial financial constraint to your business. Luckily workers’ comp insurance covers such incidences, protecting your finances. 

Offers liability protection

Your customers could get injured at your workplace or maybe get sued due to a product or service defect. Legal fees don’t come cheap. That’s why commercial insurance is crucial for everyone in business, regardless of the industry.

Protects the image of the company

Most people are more likely to associate with a business that has insurance than those without one. They want to be sure of compensation in case of an unfortunate event. Commercial insurance gives you that added advantage when pitching for business. 

The law requires it

Most states, including Michigan, require that every business with employees invest in some aspects of commercial insurance. Operating without the state-required business insurance could lead to hefty fines that could damage your finances.

Commercial insurance near me

Commercial insurance is a no–brainer for every business owner. Make sure you get the right insurance to be well protected. If you are in Surprise, AZ, and its environs, don’t hesitate to get in touch with Giles & Iten Insurance for an affordable quote.

How Commercial Insurance Protects Your Business

Your business is undoubtedly very important to you. One of the best ways to protect it is through a commercial insurance policy you can rely on. When you work with Giles & Iten Insurance, your Surprise, AZ area company can have the level of protection you’re looking for so you can enjoy more peace of mind. You don’t have to settle for less than you want when it comes to the level of coverage your business really deserves. Our dedicated and trusted agents can help you with a policy that’s going to give you security so you can get back to operating your company.

Having a commercial policy protects your business by making sure you have protection if something should go wrong. That could be a natural or man-made disaster, as well as an issue with a customer or an employee. No matter what types of concerns your business faces, knowing you’re covered can really add to your level of comfort. But in order to have that information, you need to work with knowledgeable agents who can provide the insight you want and the policy you actually need. Then you can make coverage choices you feel good about.

Reach out to Giles & Iten Insurance today and let’s talk about your commercial insurance needs. If you have a business in the Surprise, AZ area, you’ll be able to get the type of policy you’re looking for and see what specific choices you have. Depending on the type and size of your business, you may need more or less coverage than you would typically expect. Either way, it’s important to work with a company that can provide you with answers to your questions and a policy you can rely on in the event that a problem should occur.

Do all businesses benefit from commercial insurance?

In the Surprise, AZ area, people continue to benefit from a strong local economy. A growing population base and a good economy also make this a great place to start a business. If you are in the market for a new business here, it would be a good idea for you to also think about your insurance needs. There are several reasons why businesses here can benefit from getting a commercial insurance policy.

Coverage Will Protect Assets and Investment

One way that a business will benefit from having commercial insurance is by getting coverage for their investment. When you start a business of any kind, you will have to invest to get it moving in the right direction. Losing these assets could be financially devastating. When you get a full commercial insurance policy, it can ensure that you have the insurance protection needed to replace your business assets if you incur a loss.

Liability Protection

Being sued for liability is a risk for all businesses. Not only are you at risk of losing money, but the cost of fighting a claim can be significant. Fortunately, you can mitigate all of these risks by getting appropriate insurance. With a liability commercial insurance policy, you can get direct protection against your liability risk. 

When you are shopping for commercial insurance in the Surprise, AZ area, you may find that choosing a policy is complicated. There could seem to be many different options and choosing the right policy for your organization is complicated. When you are looking for your next policy, it would be a good idea to call Giles & Iten Insurance. If you do call the team at Giles & Iten Insurance you will get personalized support that can help you understand your needs and options and pick a new policy.

Do E-Commerce Businesses Need Commercial Insurance?

If you are considering opening an e-commerce store, you probably have thought about insurance and what type works best for your situation. Commercial insurance is also crucial for an e-commerce business to have to protect them from risk, but working with an insurance agent can help identify the types of policies that work for an online company.

Thinking About Starting an E-Commerce Business?

One of the key ways to protect an online business is to have adequate insurance designed to protect yourself from a variety of unique threats these types of business endeavors face. There are unique commercial insurance policies that are tailored made to offer this type of coverage. The best way to find an ideal policy is to work with an experienced insurance agent who can provide helpful advice and common sense insurance solutions. 

Insider Know-How

The insurance agents at Giles & Iten Insurance, serving Surprise AZ, have insider knowledge of the industry and can identify insurance products that work for your specific needs. Our agents are committed to helping clients get the coverage that protects them from loss and gives them peace of mind in an e-commerce setting. Not only can they assist with the insurance policy selection, but they can also help with filing claims in the future. It is a smart way to find commercial insurance that can give you comprehensive coverage.

Don’t guess when it comes to finding commercial insurance for an e-commerce business situation. Call or stop by Giles & Iten Insurance in Surprise, AZ. The resident of Arizona and California can count of their agents to steer them in the right direction and answer all fo their questions.

How will commercial insurance protect my business

The Surprise, AZ area is an excellent location for anyone to start a small business. Due to population growth and other good employment factors, there is plenty of opportunity in this area to grow a company. However, if you are going to start a business in this area, you do need to realize there are a variety of business risks. One way that you can mitigate many of these risks is by getting commercial insurance as it can protect your business in many different ways. 

Gives Liability Protection

All businesses take on a lot of liability risk at all times. If you ever have a customer that becomes sick or injured as a result of using your services or consuming your product, you may be considered responsible. Because of this unpredictable risk, you need to make sure that you are covered at all times by commercial insurance, as it will give you coverage for this liability risk. 

Protects Assets

Commercial insurance will also preserve all of your business assets. Owning and starting any company does require a significant asset investment at some point. When you have a commercial insurance policy, you will get coverage for all of your business assets, which could keep you solvent if a fire, theft, or other incident occurs. 

If you want to purchase commercial insurance for your Surprise, AZ area company, you should speak with the team at Giles & Iten Insurance. Choosing a commercial insurance policy is a huge decision, and the team at Giles & Iten Insurance can help you to pick the right policy for your situation. When you do work with us for your commercial insurance needs, we will help you to understand your options and find a policy that provides the best type and level of coverage. 

How a comprehensive Arizona commerical insurance policy can help protect your inventory

Business owners in the Surprise, AZ area often ask the team at Giles & Iten Insurance about protecting their inventory. A business’ inventory can fluctuate quite a lot depending on the time of the month or the time of year. If your business carries a lot of inventory that needs protection, we recommend a thorough review of your current commercial policy to ensure that you have the coverage you need. If you are concerned that your commercial policy does not meet your needs for inventory coverage, it’s a good idea to find out for sure.

Shifting Inventory Levels Can be Protected with a Comprehensive Policy

At some times during the year, your inventory may be at a low level due to the seasonality of your business. At other times, you may have a warehouse full of product. Depending on where you were in the business cycle, you may have underestimated the value of your inventory. When your comprehensive commercial policy is written to account for the variances in your inventory levels, you will be covered.

It is advisable for your commercial policy to provide protection at the highest level of inventory that you carry. Many people work out an average of the value of goods that they store throughout the year rather than at their highest level. The use of this calculation can create problems for the policyholder in the event that there is a coverable loss. Many businesses have a lot of capital dedicated to inventory, and protecting this investment is an important part of an insurance portfolio.

Want to make sure that your inventory is covered? Contact the team at Giles & Iten today to learn more about your comprehensive commercial insurance options in the greater Surprise, AZ area.