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Small Business InsuranceYour small business deserves unique small business insurance coverage.

Navigating the ins and outs of business insurance can be complicated. This is why our associates work to tailor a plan to fit your individual needs. There is no such thing as a one-size-fits-all approach to insurance. We synchronize our process to fit your business needs.

As a small business owner in Santa Barbara or Ventura, you know what will work the best for your company. And when it comes to your small business, we know how valuable it is to protect what is most important to you.

Small Business Insurance Coverage

The first thing you must know about small business insurance are the basic types of insurance available. These include property insurance, general liability insurance, commercial auto insurance, and worker’s compensation insurance. You may need one or all these policies in your comprehensive plan.

Small businesses — even home-based businesses – need at least property insurance and general liability insurance. Property insurance protects the value of your assets in the case of a damaging event like theft or a fire. This type of coverage protects more than the physical belongings of a company. It also provides compensation for operating losses during catastrophic events during which the business is forced to close.

Any type of business, large or small, can be sued. This is where general liability insurance comes into play. A customer may allege that your product caused harm or created a hazardous environment for them. General liability insurance pays damages you are liable for up to the policy limits. This type of insurance also covers legal defense fees and medical bills for the plaintiff.

Many small businesses choose to own a company vehicle. Personal car insurance plans often do not provide enough coverage for business use. For this reason, it is a smart choice to explore commercial auto insurance. This type of coverage offers compensation for any damages or injuries caused by the company vehicle up to policy limits. The policy may also repair or replace your vehicle if it is damaged in any way.

Depending on whether or not you have employees, you may need worker’s compensation insurance for your small business. This type of coverage provides employees with reimbursement for lost wages and any injuries if they are hurt while on the job. Worker’s compensation insurance provides recompense regardless of who was at fault for the accident.

Of course, there are many more types of coverage you can get for your small business. These include directors and officers liability, professional liability, errors and omissions, health coverage, employment practices liability, and cyber liability. We will work with you to determine how much coverage your business needs based on our synchronistic approach.

Business Insurance for Home-Based Businesses

Now, if you run a business from your home, you may consider any of the following plans for your coverage. You could get an endorsement on your homeowner’s insurance for your business to protect assets. Or you could get in-home business insurance, which has the same features as a commercial business plan with lower limits and premiums.

Whatever your Santa Barbara or Ventura small business needs, at Brashears Insurance, we’ve got you covered. Contact us today for a customized plan.