La Crescenta Business & Small Business Insurance | Crescenta Valley Insurance in La Crescenta, CA

Business Insurance

Whether you operate a home-based business or run a company with hundreds of workers, you need to safeguard your professional and personal assets from risks and losses with reliable business insurance coverage.

California Business Insurance Coverages

All businesses, whether they are small, mid-sized, or large, require protection against possible loss and liability.

At Crescenta Valley Insurance, we provide different types of business insurance coverages. These include:

Commercial auto
Commercial property
Business owner's policy (BOP)
Worker's compensation
General liability
Directors and officers
Commercial umbrella

As a reliable and trusted insurance agency in California, we have the experience and expertise to advise and help you review your insurance options. This way, you'll find the best-value coverage combinations while ensuring you get the insurance protection your business needs.

Commercial Liability Insurance for California Businesses

Commercial liability insurance (aka “business liability insurance” and “commercial general liability insurance”) protects California businesses from financial losses because of claims of injury or damage to others caused by you or your employees.

This type of policy typically covers:

Bodily injury
Personal injury
Advertising injury
Legal defense and judgments

Minimum Business Insurance Requirements

While commercial liability insurance is not mandated for businesses in California, the state puts no cap on liability lawsuit rewards. Also, state courts in California have a reputation for awarding large liability judgments. Therefore, if you own property or other valuable assets in the state, you would do well to invest in sufficient commercial liability coverage to minimize your risk exposure.

As a general rule, the kind of business you operate or products you make should be used as a basis for calculating how much commercial liability insurance you need. For most small businesses, between $500,000 and $1 million may be sufficient.

But for high-risk businesses such as construction or retail businesses, more coverage may be needed. If you operate a business from home, your homeowner’s or renter’s insurance would have limited coverage in terms of business liability and loss.

Crucial Considerations

The cost of California commercial liability insurance premiums is calculated based on certain factors. These include the types of services or products you provide, the number of employees, your length of time in business, and claims history.

There are also mandatory coverages in California, namely:

Workers compensation insurance for employees
Disability insurance as partial wage replacement coverage for eligible employees with non-work-related sickness or injury
Automobile insurance if you use your car or truck for business

Optional coverage you may consider, depending on your business, include: