Commercial insurance is a type of insurance which protects businesses, the owners and even the employees. Just like with other types of insurance, different types of businesses will need different things from their insurance. Here are a few ways in which commercial insurance generally covers businesses.
In most cases, a business owner can opt for a Business Owner’s Policy. This type of insurance will often combine insurance protection for your commercial property, some type of liability insurance and even insurance which will protect you in the event that a crime takes place at your business. A representative at THINK Insurance & Financial Services can help you customize a package that is exactly right for your company’s needs.
Why Is Commercial Insurance Important?
Commercial Insurance is important because you have invested quite a bit of time and money into starting and maintaining your business. Allowing the company to be at risk through damages, injuries and even criminal activity also put your financial security at risk as well.
There are many things which we cannot plan for, which is why commercial insurance is a good idea. You can rest assured that your investment is protected against the unknowns.
What is The Right Coverage?
The right coverage for your company may look different from the right coverage for another company. Your coverage amounts will be determined by details such as the size of your company and property, the number of employees you have, the types of services or products you provide as well as many other factors. Other things to consider are whether or not you rent your property or own it as well as whether or not your business operates vehicles as part of daily work.
Navigating insurance choices can feel tough. That is why THINK Insurance & Financial Services serving Pomona, CA is here to help. Give us a call today to talk about your insurance options.
Unlike driving a motor vehicle, when you own a home in Pomona, CA you aren’t legally required to purchase homeowners insurance. However, if you purchased your home through a mortgage, your lending bank will probably require you to carry homeowners insurance. This is because they need to protect their investment in the event that your home is damaged by a storm, tornado, fire, or another incident. Additionally, if your home is located in an area with a history of flooding or earthquakes, your lender will also require additional coverage. This is generally true whether you own a single-family residence, co-op, or condominium.
What if My Mortgage Is Paid Off?
Once you’ve paid off your mortgage, nobody can force you to purchase homeowners insurance. However, it’s not wise to cancel your ThINK Insurance & Financial Services homeowners policy and possibly risk losing your investment, your belongings, or having a place to live in the event that your home suffers massive damage due to unforeseen disasters.
Here are some examples of why it’s smart to keep your home covered even if your mortgage is paid off:
What if your home and belongings are ravaged by a wildfire? What if your neighbor’s tree falls down and knocks your roof in? What if someone crashed their vehicle into your living room? What if someone was walking on your sidewalk, slipped and fell, and ended up with severe injuries? Without homeowners insurance coverage you will be left to deal with the fallout of loss to your home and possessions or facing an expensive lawsuit for a personal injury claim. Having homeowners insurance will give you the peace of mind knowing that you’re protecting your home, your investment, and your assets in the event of damage or injury claim.
If you have questions when shopping for homeowners insurance for your Pomona, CA home, we’ve got answers. Give THINK Insurance & Financial Services a call today for more information.