Commercial Insurance: Protect Your Business

A Santa Clarita, CA business must remain protected at all times. There is no shortage of issues that can come up on an everyday basis, and no company wants to be left playing catch up. Any business that is looking to avoid the usual pitfalls that are associated with a lack of protection will want to make sure that they are meeting with WPL Insurance Services agents. 

The advantages of a commercial insurance policy are numerous. The time has come for a closer look at the protections that they can offer to any business.

Protection of Assets

When a disaster strikes, a business may be left to its own devices for an extended period. This causes their available assets to dwindle. While misfortunes cannot be prevented in most instances, that does not mean that the business should decide to fend for themselves. A commercial insurance policy ensures continued protection of all assets. 

Specific Packages

No two places of business are ever going to be exactly alike, and this is something that the top business owners will always bear in mind. Commercial insurance policies are designed to meet the specific needs of each company and offer proper reassurance. Some may choose an all-encompassing policy. Others may decide on a policy that is a bit more specific. 

Protection From Weather-Related Disasters

These disasters are impossible to avoid and will leave a business without the ability to operate as usual. A commercial insurance policy that protects against fires and earthquakes is pivotal for any California business that is looking to thrive over the short term and the long haul. 

To find out more about the benefits of commercial insurance for a business in Santa Clarita, CA, be sure to contact WPL Insurance Services as soon as possible. Contact our agents for further information and learn how you can get a quote. 

Commercial Insurance is Just Good Business

Owning a business in Santa Clarita, CA for some people might merely be a vocation they chose. For others, it could be about leaving a family legacy but for everyone, it requires a commitment and an investment. Protecting that investment and making a smart commitment to your business is what commercial insurance is all about.

Protecting Your Business

While there are many benefits to business ownership a big concern is the increased risk that is inherent with ownership. Criminals and those will ill intentions now have an even bigger target and one way to dissuade such would-be threats is with commercial insurance from WPL Insurance Services.

When evaluating your business needs, we will sit down with you and discuss your operations and your concerns in detail. Where are your risks, where is your business most vulnerable? Getting the right commercial insurance will mean a policy that covers your assets and your business while offering you peace of mind. Having commercial insurance isn’t merely good business but it is also smart.

It’s Just Smart Business

If you are looking for commercial insurance in the Santa Clarita, CA area or would like to discuss your business insurance needs, we would like to talk to you. Our professional and experienced agents will work with you and your business to find a plan that keeps you protected and your business safe. 

Call or stop by today to find out how WPL Insurance Services can help or to get more information about commercial insurance. It doesn’t matter if you have a family business, a franchise, or work as an independent contractor, commercial insurance is just smart business.

Understanding Renters Insurance in Santa Clarita, CA

When you rent an apartment or home for the first time, you may not be thinking about how to protect your belongings from theft, fire and other events. However, it’s one of the first things you should look into. You can buy renter’s insurance as soon as you move in and may want to compare the cost of insurance before making a final decision on an apartment. Feel free to call your WPL insurance Services agent with any questions you have. In the meantime, here are the basics on renter’s insurance.

What Is Renter’s Insurance?

Renters’ insurance, also called tenants’ insurance, provides some of the same benefits as homeowners’ insurance. However, it doesn’t cover the dwelling structure except for small alterations made by the insured tenant.

What Is Covered by Renter’s Insurance?

One benefit of renters insurance is that it covers you if your apartment becomes damaged by water or fire, as well as any covered peril–you even get temporary living expenses. Similar to many homeowner’s policies, renters insurance includes liability coverage. Liability insurance protects you if someone is hurt while working on your apartment or visiting you. It even pays for legal expenses if you have to go to court.

Damage due to flooding and earthquakes require special policies. They are not covered under renter’s insurance. Ask you WPL Insurances agent about flood and earthquake insurance if you live in an area prone to those hazards.  For flood insurance, check out the National Flood Insurance Program and research whether your apartment lies in a flood zone.

Always review your policy carefully. If a hazard isn’t listed, it’s not covered–don’t assume something is included. For example, If your policy doesn’t say it covers water damage from bad plumbing, you aren’t covered for it.

Who Needs Renter’s Insurance?

You may need personal property coverage to reimburse you if something happens to your belongings or to someone else’s property. It depends on how much your belongings are worth and whether you have enough money to replace everything out-of-pocket. Ask your WPL Insurance Services agent to set up an appointment for your renter’s and other insurance needs in Santa Clarita, CA.

Why Commercial Insurance Protects Your Small Business

If you have a small business in the Santa Clarita, CA area or are looking to begin operation on one, you should consider purchasing commercial insurance. Many small businesses have found this insurance to be beneficial when protecting their dream. WPL Insurance Services has a commercial insurance policy to fit your needed coverage. 

Liability

Every year, thousands of small businesses succumb to the financial strains of liability and lack of insurance. Commercial insurance protects your business by providing liability coverage. Generally, these claims are for the unforeseen accident where a client has suffered some form of bodily injury while on the business property or during services.

Take your liability coverage one step further and include cyber liability. With electronic databases being available and stored through online servers, protecting client data requires coverage from hackers who illegally access your sensitive information for malicious reasons. 

Property Coverage

Damages to your business property can also be covered with a commercial insurance coverage policy. In this portion of your plan, all of your furniture, equipment, and any other property associated with your business is covered if damaged during an unforeseen incident. Whether the damage is the result of theft or something else like fire or vandalism, your property is covered under this policy. Attempting to refurbish property without commercial insurance can be an expense that can change the financial stability of your business.

If your business property includes the use of vehicles, including auto coverage on the policy is essential, as your liability and potential for damage can increase with the use of automobiles. 

Get Covered

Protect your small business investment and your dream by purchasing commercial insurance. WPL Insurance Services proudly serves the Santa Clarita, CA area, providing small businesses commercial insurance that gives them security and peace of mind. 

Who will require me to have commercial insurance?

If you are a small business owner, you likely know that many important decisions need to be made regularly concerning the operations of your business. One important decision that you will need to make is when you are deciding on a new commercial insurance policy. Commercial insurance policies are typically required by a variety of different organizations and choosing the right type of policy is essential.

State Requirements 

If you own a business in which you have an employee, you will be required by the state to carry some level of commercial insurance. The state of California will require that you have a worker’s compensation insurance in place. This type of insurance will ensure that your employees have access to the coverage they need if they are injured while at work.

Bank Requirements 

Another situation in which you will be required to have commercial insurance is if you have a lender or a bank loan. Most small businesses today do try to take advantage of working capital lines of credit and other types of loans. If you do take out a loan, there are certain requirements that need to be met. One requirement you have to meet is to maintain commercial insurance. This will typically include having a full liability policy in place. It will also require having property insurance in place if you take out a business loan to purchase the building.

Even if you do not have any employees or have any other obligations to carry commercial insurance, having insurance for your business is always a good idea. If you have a business in the Santa Clarita, CA area, one great company to speak to would be WPL Insurance Services. When you meet with WPL Insurance Services, the team of professionals can help any Santa Clarita, CA area business owner better understand their insurance needs.

5 Things to Know About Commercial Insurance

Understanding commercial insurance is very important for your Santa Clarita, CA area business. Whether you require this type of insurance, need help determining what level of coverage you should have, or are just looking for protection for your new business, you can get the right policy and the information you need at WPL Insurance Services. Our agents are dedicated to helping you get the right coverage for your business, so you can protect yourself and also have peace of mind. Here are five things you should know about commercial insurance before you get your policy.

  1. Not all businesses need commercial insurance but don’t just assume yours doesn’t.
  2. The type of coverage you need can be very different, depending on the kind of business you have.
  3. Your policy needs will change over time, and you should review and update your policy periodically.
  4. You may need supplemental policies to protect your business and customers fully.
  5. Working with the right agency for your policy can make a big difference in feeling secure.

No matter what kind of company you have or how long you’ve been operating, reach out to WPL Insurance Services for your Santa Clarita, CA area business. We can help you find the right policy for your needs. By working with a number of different companies, we can offer you options to consider. Then you’ll have the knowledge you need and want to make sure you’re choosing the best coverage. Your commercial business will be protected, and so will your customers. It’s a great way to have peace of mind and security, and we want to be a part of that. Get in touch with us today to get started on finding the commercial policy that truly meets the needs and goals of your business.

Types of Commercial Insurance

From the day you start a business as an entrepreneur, you expose yourself to specific risks. A firm is at risk even before the first member of staff is hired. Therefore, the right insurance is needed to protect your company from these risks.

Professional insurers like WPL Insurance Services located in Santa Clarita, CA offer a wide range of commercial insurance coverages that can protect you from different dangers. Listed below are some insurance types your company should acquire as soon as possible.

Property insurance

Whether you own or lease your business working space, you need property insurance to cover your inventory, furniture, signage, and equipment against theft, storm, or fire. Massive destruction events such as earthquakes are not covered in this policy.

Professional liability insurance

This plan protects the business against negligence claims as a result of performance mistakes. There isn’t a one-size-fits-all plan for this coverage. All industries have their own concerns usually considered when making a custom policy.

Workers’ compensation insurance

A workers compensation insurance coverage is designed to cover the disability, medical treatment, and death benefits in case an employee gets injured or dies due to their work. Even if you provide low-risk work, problems like slip-and-fall injuries can result in a pricey claim.

Product liability insurance

In case your company manufactures products for selling on the general market, it’s a must to have product liability insurance. Your company will be protected against damages caused by your products when someone files a lawsuit and is claiming compensation.

Business interruption insurance

When a catastrophic event occurs, business operations can be interrupted. Your business suffers from income loss because the staff wouldn’t be able to work in the office, make sales calls, or manufacture products. The policy compensates your company for its lost income due to these events.

By having suitable insurance in place, your company can avoid financial loss due to catastrophic events or lawsuits. Contact WPL Insurance Services, your Santa Clarita, CA insurer, today for more information. You can also visit our office or reach out to us by phone.

 

 

What A Commercial Policy Covers In California

When you start a business in Santa Clarita, CA, there are a lot of insurance concerns to wrap your head around. Commercial insurance is only a starting point. Beyond that, you also might need to look at other forms of insurance relevant to your industry. Do you need professional liability? Additional auto policies? It depends on your field and the type and scale of your business.

What does commercial insurance cover? When you call WPL Insurance Services for a policy, what do they cover?

It covers three things: property, general liability, and your employees with things like workers’ compensation. For some businesses, maybe that’s all you need. For others, it’s more than you need, and you might need a full commercial coverage plan. But generally speaking, this is going to be the foundation for your insurance package.

Maybe the most important one is a general liability policy. When someone gets hurt on your property and decides to take the issue to court, their lawyer is going to look at your holdings and assets vs. your business’s holdings and assets, and chances are your business is a juicier target than you are. Without general liability, one slip and fall can completely sink your business.

If you call WPL Insurance Services in Santa Clarita, CA, we can advise you on exactly what kind of commercial insurance package you need, whether it’s basic liability policy or something more robust. You can’t do business without getting covered, so make sure your plan is sufficient enough to cover all of your assets and risks.

3 Commercial Insurance Policies Every Business Needs

Depending on your industry, services, and legal structure, you could need a variety of insurance policies to fully cover your assets. Only a professional agent can help you assess your requirements. However, there are three commercial insurance policies every business owner should have for basic protection.

General Liability

These policies protect you if you or your employees are responsible for damage or loss to someone else’s property. This can include medical expenses due to bodily injury, lawsuits involving slander or libel, and other legal fees.

For businesses related to the construction trades, general liability insurance can give you an advantage over your competition. Potential clients are more likely to choose a business with coverage. Many are willing to pay more for services when they know they’ll be protected if something goes wrong.

Property Coverage

Whether you run a one-man operation from your basement or you command an empire that covers several city blocks, commercial property insurance protects your business real estate. Your equipment, inventory, and furniture may also be covered from loss and damage.

For home-based business owners, your homeowner’s policy may not be enough to protect your commercial assets. The insurance experts at WPL Insurance Services in Santa Clarita, CA can help you decide if you need additional coverage.

Professional Liability

If you or your business is accused of negligence that results in loss or damage, professional liability insurance will help cover your costs. Coverage varies depending on many factors.

Medical professionals are often required to carry professional liability insurance. Financial advisors, tax professionals, and even beauty professionals can benefit from these policies.

Contact the agents at WPL Insurance Services in Santa Clarita, CA for more information on specific policies to protect your livelihood.