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business insurance Details

Whether you own a small business or a large one, the benefits of business insurance are numerous. And many business owners don’t take the time to assess their insurance needs.

With the many types of business insurance available, determining which coverages will best protect the enterprise makes for a complicated and difficult process. But the consequences of not being properly insured can be disastrous, not only for the business but also for the business owner personally.

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Commercial Property

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General Liability

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Commercial Auto

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Professional Liability

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Cyber Liability

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Umbrella Insurance

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Business Income

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Workers' Compensation

Business Insurance Culver City, CA

Although policies can vary based on the type of business that you own, the basics of business insurance include the following:

General Liability Insurance is highly recommended, regardless of the type of business that you own. This coverage protects you against injuries that may occur to customers or the property that they own.

If a customer is injured in some way, this coverage will offset the costs associated with lawyers, courts, settlements, and judgments.

Professional Liability Insurance, also known as Errors and Omissions (E&O) insurance, is also an important part of any business’s insurance portfolio. This coverage protects the business against any work that causes harm or financial loss.

As with general liability insurance, costs covered include any expenses resulting from a lawsuit, including unfavorable judgments. The difference between general liability insurance and E&O insurance is that general liability protects you if someone is physically injured whereas professional liability protects you if your client claims damages from the services that you provide.

Commercial Auto or commercial truck insurance is another aspect of business insurance that should be considered if using vehicles as part of your business.

Private passenger insurance will explicitly exclude any coverage for claims arising from the use of these vehicles for your business.

One common misperception regarding business insurance is that sole proprietors who incorporate as a Limited Liability Company (LLC) are protecting their personal assets from any lawsuits. And while this is generally true, there are some cases in which an LLC doesn’t protect the business owner’s finances from an unfavorable judgment.

As a result, it’s recommended that sole proprietors purchase the different types of Business insurance that would cover the services that their business provides.

The best way to determine what type of business insurance you should purchase is to ask a licensed agent in our office. We can assist you with assessing your insurance needs and provide you with some quotes from several of the top insurance companies.

Get A Quote For Your Business Insurance Today

Our licensed staff is ready to help you get multiple business insurance quotes. Because we’re an independent insurance agent we can shop from multiple insurance companies to help you find the right coverage at the right price.

Tower Insurance Associates, Inc represents the top-rated insurance companies in California. We will compare pricing and coverage options finding you the best policy for your needs. Call us at: 310-837-6101 or click the get a quote button to have an agent start your quote.

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Frequently Asked Questions

Who needs business insurance?

If you own and operate a business, you need insurance coverage that is catered to what you do. Without business insurance, you put yourself and your business at risk of financial disaster. 

How do I get a business insurance quote?

Our independent insurance agency offers insurance from many top insurance companies. To get a quote, simply fill out a form below, or give one of our licensed agents a call. 

What does business insurance cover?

Depending on the type of coverage you purchase, business insurance can cover a multitude of claims. To find out more about what coverage options are available browse our various business insurance products in the menu, or reach out to an agent for specific coverage scenarios.  

How Much Is Business Insurance?

The cost of business insurance varies depending on your claims history, driving history, and how much coverage you’re requesting. Your premiums can also be impacted by the deductible you decide to select. To get an exact premium quote, request a quote from our office. 

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