When you own a Colorado business, you may need several commercial insurance types to protect yourself and your business. Not having the right insurance can leave you vulnerable to several expensive risks. Two types of commercial insurance are required for many businesses in the state, and your business may be one of them. It’s essential to have at least the required insurance policies. You may also want additional policies to protect against specific risks. These include online issues that can be covered by cyber insurance. When you own a business in Littleton, CO, call us at Front Range Insurance Services to get started with commercial insurance.
Workers’ Compensation Insurance
Whether your business is public or private, you must have workers’ compensation insurance. This is true for any number of employees, even if you have only one. Anyone who does work for your business is legally assumed to be your employee. This insurance protects both your employees and you as a business owner. It’s essential to have this insurance because it’s required for compliance and protects you against serious financial risks. If an employee were injured in an accident at work, the policy would pay for the resulting medical bills. This saves your business from having to come up with what could be thousands of dollars or even more.
Commercial Auto Insurance
When your Colorado business owns a vehicle, you are required to have a commercial auto policy for it. This policy must include bodily injury liability and property damage liability coverage in amounts mandated by the state. You can also get additional coverage to pay for damage to your vehicle.
Call Us for Commercial Insurance
To get commercial insurance in Littleton, CO, contact us at Front Range Insurance Services.