Three things small business owners should know about commercial insurance

Business owners need to invest in the right commercial insurance policy to cover any possible damages that come up down the right. Commercial insurance can be a lifesaver and make it possible for a company to survive despite costly accidents.

At Commercial One Insurance Service, we offer commercial insurance policies to business owners in Los Angeles and Burlingame, CA. As a business owner, you should be aware of the following three things when you’re on the market for a commercial insurance policy. 

Commercial insurance is required by law in some cases.

Probably your number one priority as a business owner is to stay on top of any legal requirements your small business faces. Commercial insurance that is commonly required by law includes commercial vehicle insurance as well as malpractice insurance for certain professionals like doctors. 

Do your research and be aware of federal, state, and local legal requirements for commercial insurance for businesses like yours. 

There are several types of commercial insurance to choose from.

Commercial insurance groups together any kind of insurance that a company might need to cover business activities. 

Some of the most important types of commercial insurance to buy are commercial property insurance, liability insurance, business interruption insurance, and workers’ compensation insurance.

It’s a good idea to choose a policy that can grow with your company. 

As a business owner, you’re probably hoping that your company is going to grow through the years. However, you’re not going to want to have to change insurance providers down the road because your original insurance provider isn’t able to offer the coverage that your expanding company needs. Look for an insurance company that offers a range of commercial policies for companies of different sizes.  

If you’d like to learn more about the commercial insurance policies we offer in Burlingame, CA at Commercial One Insurance Service, contact us by phone or email. 

Reviewing Your Warehouse and Logistics Policy

When was the last time you reviewed your warehouse and logistics insurance policy? If it’s been a while, you might want to pull it out and go over it with a fine-toothed comb to ensure you’ve got enough coverage to protect your growing business.

If your business needs warehouse and logistics coverage in or around the Burlingame, CA area, then Commercial One Insurance Service is here to help.

Differences in Coverages

Your business is responsible for the safe storage, packaging and/or transportation of customers’ property. So, it’s in your best interest to have adequate warehouse and logistics insurance. 

Although warehouse and logistics coverage can be purchased as one policy, they are separate coverages. You should review your policy to make all business functions and potential incidents are covered.

Warehouse insurance protects your customers’ property from damage or loss during regular business operations. Processes such as packaging, labeling, storing, etc. are the focus of this type of insurance policy. It may or may not include loading and unloading of cargo.

Logistics liability guards your business against damage or loss during shipping or transporting of property. This can include securing the property, loading and unloading, and other types of package handling. 

If your business is responsible for warehousing and logistics, you’ll want to double-check that your policy covers all of these aspects.

Learn More About Your Insurance Coverage Needs

You don’t want to be caught off guard if a customer’s property is damaged or lost. Carrying the right amount of insurance coverage is the best way to protect your business against liability.

If you’re wondering whether your business has adequate warehouse and logistics insurance, contact Commercial One Insurance Service serving Burlingame, CA.

How Can Commercial Insurance Tie Into Estate Planning

Commercial insurance for your Burlingame, CA business protects your business and can also help you retain your personal wealth. Lawsuits and other risks associated with running a business can result in significant financial risk. That’s why it’s important to create a buffer for your personal assets, such as your home and savings.

It also ties into estate planning and lets you protect your loved ones from any legal or financial matters related to the business after you’re gone. Including commercial insurance as part of an estate plan ensures that your estate retains the financial resources for their long-term expenses. 

What is Commercial Insurance?

A Commercial General Liability (CGL) policy shields your business from financial loss if you are held liable for personal injury, property damage, or advertising as a result of regular business operations by you or your employees. Having this insurance in place lets your family maintain their lifestyle during the transition of a business. Your Commercial One Insurance Service agent can help you plan your commercial coverage to ensure you won’t have to dip into personal resources due to business liability.

Maintaining Your Family’s Lifestyle

Ideally, you want to leave behind sufficient funds for your spouse and kids for living expenses, college, and other obligations. That won’t be possible if your business doesn’t have sufficient coverage and you experience a financial loss that affects your personal assets.

Transitioning a Business

A comprehension commercial insurance plan can cover events like the sudden death of a partner or co-owner. You can name a successor to take over your business interests and help protect both your family and your business partners.

If you have any questions about commercial insurance for your Burlingame, CA business, stop by or call Commercial One Insurance Service today.

 

Does A CDL Distinction Change My Personal Auto Insurance?

New or Current Resident of Burlingame, CA? Let Commercial One Insurance Service Be At Your Service

With a multitude of insurance products that will make your life easier we invite you to get to know us. We provide professional service and can make the chore of acquiring insurance a pleasure. 

Be Proud of Your CDL 

Chances are you’ve worked hard for your CDL- Commercial Drivers License. It’s a sure bet that you don’t want to have added financial burdens to your insurance policy as a result of your CDL. Your CDL distinction does not necessarily mean that your automobile insurance is going to be increased or change in any way. As it is with most things that are insurance related – it all depends on your individual situation. Come in and speak with us today.

Unfortunately, you do not get a decreased insurance rate due to your advanced driving distinction. You may qualify for defensive driving credit however because of your professional status. It is something that should be shared with your agent as soon as you acquire the distinction in order to ascertain how it will affect your insurance.

If you are insured through your employer and use your personal vehicle only for personal use, then your auto insurance does not have to change at all.

Some drivers use their personal vehicle for commercial use. An honest conversation with your insurer will alleviate the anxiety caused by this risky behavior. The type of business you are engaged in, the amount of commercial use you use your personal vehicle for and the level of insurance your employer has taken out for you are determining factors.

If you are in the Burlingame, CA area stop by Commercial One Insurance Service today. 

Does Logistics Insurance Cover Your Facility?

A large number of Burlingame, CA facilities need logistics insurance to ensure that they are protected. However, this policy type isn’t always appropriate for all businesses. So if you aren’t sure whether or not you need it, please contact us at Commercial One Insurance Service or read on to learn more. 

What Logistics Insurance Covers 

Logistics insurance is an inclusive category that provides many different protection types for you and your company. Just a few coverage options that you are likely to get with these policies include the following choices:

  • Freight forwarder liability 
  • Errors and omissions in shipping 
  • Property and other items 
  • Contingent cargo 
  • Crime coverage for your shipment 
  • Warehouse legal liability 
  • Customer booking 
  • Business interruption caused by logistics problems 

Although logistics insurance will vary based on your state and needs, these policy options should all be available. Most will let you tweak your options to select a detailed and fine-tuned coverage that you can more easily afford. But what kind of companies need this insurance? Many, including:

  • Retailers
  • Shipping experts 
  • Rental fleet professionals 
  • Medical facilities 
  • Trucking companies 
  • Online brokers 
  • Anyone who ships items 

Logistics insurance, in essence, protects all of these businesses by ensuring that their delivery of goods goes as smoothly as possible. Just as importantly, these policies also protect a company by covering any liability that they may incur. For example, if you ship medicines to the wrong facility and somebody is injured as a result, your logistics policy should help protect you from lawsuits and other problems. 

Let Us Help You 

If your facility in Burlingame, CA needs logistics insurance, but you aren’t sure where to turn, you should contact us at Commercial One Insurance Service to get the help that you need. Our experts will find a policy that works for your needs and help you run your company more successful.

Smart Business Starts With Commercial Insurance

If you want to open your own business, there are several key considerations to keep in mind. Smart business requires making smart business choices. You will need a solid business plan in place, strategic marketing strategies, and much more. Here at Commercial One Insurance Service serving the Burlingame, CA area, we like to see all of your business clients succeed. That’s why we have put together three key ways to establish a successful business.

It Starts With Commercial Insurance

First and foremost, you will need commercial insurance to establish a successful company. Commercial insurance increases the legitimacy of your business in the eyes of consumers and makes it seem more professional. This type of insurance also adds valuable protection during instances relating to lawsuits, slander, and employee issues.

Create a Business Plan

All successful businesses begin with a business plan. Your business plan outlines your mission, your goals, your values, and much more. It also states how you plan to achieve your goals, and will include lots of information on how you to plan to approach the marketing mix — product, price, promotion, and placement of what it is that you’re selling.

Use SEO Marketing

Starting a successful company also begins with using SEO marketing. With this type of marketing, you will increase organic traffic to your company’s online website, which means you are attracting people to your site who are already interested in what it is that you are selling.

If you would like to learn more about starting a successful company, please reach out to Commercial One Insurance Service serving the Burlingame, CA area today. We are ready to assist you with all of your commercial insurance needs.

 

How driver assistance features can help prevent accidents

Driverless car technology is not yet ready for the market. However, many vehicles have driver assistance features that can help you avoid accidents and reduce much of the stress out of driving. Commercial One Insurance Service, serving Burlingame, CA would like to explain.

The National Highway Traffic Safety Administration has a list of common driver assistance features you can have included:

  • Braking assistance can include everything from having the car automatically apply the brakes if you are about to rear-end the vehicle in front of you to braking to avoid hitting a pedestrian. Some systems will sound an alarm if a crash is imminent and then kick in if the driver has not taken action.
  • A backup camera is a standard feature in many late-model vehicles. It eliminates the danger of running into something or someone that is behind you that you can’t see by looking in the rear-view mirror or turning your head.
  • Lane assistance features come in two models. One will alert the driver if he or she is starting to drift out of the lane the vehicle currently occupies. Another model will automatically apply the steering wheel, the brakes, the accelerator pedal, or a combination to keep your vehicle in your lane.
  • A blind spot detection system will sound an alarm if you are about to change lanes, and another vehicle is in your blind spot.
  • A 911 notification system will automatically alert emergency responders if it detects a sudden deceleration or an airbag deployment.

If you have any other questions concerning auto safety or insurance, feel free to contact Commercial One Insurance Service, serving Los Angeles and Burlingame, CA.

Let Warehouse and Logistic Insurance Protect Your Reputation with Clients Today

If you have a business in the warehouse industry, maintaining a quality reputation among clients is essential. Entrusting products with your warehouse is only part of your reputation. While accidents can happen in any department, an insurance policy for warehouse and logistics allows protection for the products stored within your facility. Your reputation is also built around how you handle accidents in which your company is liable. Commercial One Insurance Service specializes in such policies for business in and around the Burlingame, CA area and community. 

Damages During Packaging

One of the major areas prone to accidents in a warehouse is the packaging department. Sometimes products being housed for clients in your warehouse may be accidentally damaged by employees within your employment. When packaging a product, employees can potentially damage items accidentally. If so, the Warehouse and Logistic Insurance policy will cover the products damaged during the accident, and allow you to replenish products for your client successfully. 

Damages During Storage

Sometimes the employees are not responsible for damages, but the warehouse equipment is at fault. Faulty forklifts can accidentally damage products. Also, forklift drivers can potentially mishandle the forklift and drop products, ultimately damaging them. From forklift malfunctions to employee fails, liability for these damages are your responsibility as the company. Again, accidents can happen in these situations, but this policy will cover any damages and allow products to be replaced, protecting your liability and your reputation as a company to correct any damages suffered from your clients. 

Choose the Responsible Coverage Plan Today

No company wants to experience mistakes and accidents, but unfortunately, accidents do happen. Your company’s reputation is developed based on your services provided as well as your responsibility. Protect your reputation today with a Warehouse and Logistic coverage policy from Commercial One Insurance Service proudly serving the Burlingame, CA area. 

Do I need commercial insurance if I operate my business from my home?

Working from home has so many advantages, and if you do it, you probably wonder why everybody doesn’t. If your small Burlingame, CA business is located in your home, though, you need to make sure you understand the rules about how to protect it.

At Commercial One Insurance Service, we help small businesses find the coverage they need based on their circumstances. Every policy is tailored to make sure the company’s assets have a level of protection the owner is comfortable with.

Business Property Insurance

Even if you already pay rent or a mortgage, there is special coverage you can get to make sure your business equipment is covered. This will protect your computers, printers, or whatever else you use to run your business.

Liability Insurance

This is often the most important kind of insurance because even a relatively small lawsuit can have a significant impact on your business finances. Liability insurance will protect you from damages to people or property when those damages arise from dealing with your business. For example, a courier could fall while making a delivery, or a client could be injured during a consultation.

Professional Liability

If you are a professional with clients or patients, a professional liability policy could protect you for any alleged acts or omissions you make.

Products Liability

If you designed, manufactured, or even just supplied a product, products liability insurance can protect you from any accidental harm that causes.

Business Automobile Coverage

Even if you already have auto insurance, you may need to add coverage if you use your vehicles for deliveries or picking up clients.

If you need more coverage or want to discuss the options for your California business, call Commercial One Insurance Service in Burlingame, CA today, and we can give you a free quote on a commercial insurance policy.

Is Your Inventory Protected? It May Be Time to Update Your Warehouse and Logistics Insurance

For many companies, their main inventory is in a warehouse waiting to be set to use. This is why additional warehouse and logistics insurance may be a wise choice for your business, whether you have one warehouse or many. At Commercial One Insurance Service we want to help you keep your business’ inventory protected with a full policy. We serve Burlingame, CA and the surrounding areas. 

How This Policy Can Protect Your California Warehouse Inventory

Protection of your stored physical assets in inventory is key in today’s world. Even if you take all the precautions to make sure everything runs smoothly, you cannot predict every possible occurrence from weather extremes to human error, and even malicious intent and crime. But you cannot let what may happen to keep you up at night, you have enough to think about when it comes to running our business effectively. This is where a warehouse and logistics insurance comes in. We can help you recoup your losses in many scenarios from negligence, damage, and even workers comp in some situations. When it comes to storing your inventory and planning the movement of it, we can help you reduce your risks. 

Contact us to Discuss Your Current Insurance Policy to Find Out if Your Business is Fully Covered

Call us at Commercial One Insurance Service to discuss the specific insurance needs of your business. We will help you choose a policy and policy add-ons that are a perfect fit for your company. We serve Burlingame, CA and the surrounding areas with quality insurance services, so call today for your quote to make sure you are protected in the coming year.