Business Insurance in Peoria AZ: Protect Your Investments With Commercial Coverage, Part One


Business insurance in Peoria, Arizona can protect your business from many different threats that can potentially ruin your investment. When accidents occur that affect your employees or customers, your company can be held liable and have to pay damages. Sometimes, these expenses would bankrupt a business if not for commercial coverage policies that take care of legal fees and liability for damages to people and even their property. Knowing a little bit about your policy and what it entails can help you understand what you are covered against and what types of incidences you may face in the future. Here are a few things that these important policies can help your company with…read on!

Worker’s Compensation Claims
When an employee is injured on the job, your company may be held liable for their medical costs and even a portion of their compensation while they cannot work, depending upon the situation. You can work with your underwriter to have protective clauses built into your commercial coverage policies so that you can require a drug and alcohol test be administered and, should the test be positive, your company is not liable for the damages. Your business insurance specialist can protect you from fraudulent claims or from accidents where substance abuse was at play, thereby helping your company not be taken advantage of during a worker’s compensation dispute. Your policy will also help take care of your employees that suffered a legitimate injury and meet the requirements set forth in your documents, most of the time without having extra expenses above the policy’s coverages.

Customer Related Incidences
Companies can be held liable for injuries sustained to customers who have slipped and fallen on their property. If you have a brick and mortar business and there is an injury in your store, your business insurance policy will ensure that a full investigation of the accident will take place, thereby protecting you from false claims. You can also expect that your coverage will take care of accidents involving customers where your business is held liable, paying for medical expenses and other damages that may occur during the incident.

Other Potential Suits
When a customer receives a product or service from you and an incident occurs that is related to your offerings that damages them or their property, your company may have to compensate them. These clauses can cover defective merchandise or oversights when administering services. These specific commercial coverages can help your company avoid serious litigation that can put an entrepreneur out of business. Your business insurance can help by offering you professional legal help and mitigation services that can help you settle these types of problems quickly and to the satisfaction of both sides of the issue.


For more information about business insurance in Peoria AZ and how commercial coverages can protect your company, call 623-322-5955 or click on the provided link.

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