The Unique Insurance Needs of Warehouses

Storing and moving your products safely from point to point is the most critical part of your business. Commercial One Insurance Service serves the unique needs of our local Burlingame, CA warehouse operations. We’re here to shine a light on the importance of liability insurance for this critical and often time-sensitive industry.

You’re legally culpable for damages. Warehouse businesses are considered bailees under California law. This means that you are held responsible for damages to products and cargo under your care. Without appropriate insurance, your business will pay out of pocket for damages and losses.

Insurance gives your clients peace of mind. When people choose your business for their warehousing needs, they are trusting you with their property. Having a solid legal liability policy tells your clients that you take this responsibility seriously. The robustness of your insurance policy could be what seals the deal with prospective clients.

Insurance protects your business when things go wrong. Even the most conscientious operation can run into problems. Warehouse liability insurance protects you from financial losses due to accidental damage of property, physical loss, or damages that can occur during storage, packaging, or anything else you do in the operation of your business. If you handle the logistics of moving products as well, consider logistics insurance to go alongside your warehouse policy. 

Your needs are unique. Find an agency that’s willing to work with you to find the right fit. Commercial One Insurance Service is here to help with your warehouse and logistics insurance needs. If your business is in the Burlingame, CA area, contact us today by phone, stopping by our office, or use our free, zero-obligation quote tool to see how we can find the insurance that’s right for you. 

What Is Commercial Insurance?

Commercial insurance is insurance designed for businesses. This insurance provides many protections from liability, as well as many other things. This insurance is broad in that it can be structured to meet the unique needs of a business. The agents of Commercial One Insurance Service of Burlingame, CA are committed to helping companies understand the benefits of this type of insurance. 

The Basic Gist

The easiest way to explain commercial insurance is to look at it as insurance for businesses that provides protection from liability, protect company assets, protect employees, and much more. However, no two businesses are alike, and commercial insurance is geared to suit the specific needs of a business or company. Businesses pay a premium, must pay deductibles, and have policy limits, coverage’s and exclusions, just like personal insurance policyholders. 

How Does Commercial Insurance Benefit Businesses?

Commercial insurance is broad in that it can provide many different protections. For example, commercial or business insurance can protect a business from property damage, theft, client lawsuits, and customer or employee injury. However, the benefits don’t end there. This insurance is designed to provide protection from standard risks and liabilities. 

Who Is Covered by Commercial Insurance?

Unlike personal insurance, commercial insurance is designed to cover and protect large groups of people. This includes both the employees and the company’s stakeholders. The coverage limits are generally higher because businesses have more risks to consider. A company’s name and reputations, as well as its financial standing, are areas of protection covered by commercial insurance. 

Different Types of Commercial Insurance

Businesses are as unique as snowflakes. No two are the same. As a result, commercial insurance can be just as widely diverse as the company. However, common types of commercial insurance include Errors and Omissions insurance, which is designed to protect tech companies from mistakes they may make with client projects. Workers’ compensation insurance provides protection from medical bills created from employee work injuries as well as lawsuits that may arise from these injuries. Liability insurance is another common type of commercial insurance. This insurance covers both property damage and injuries.  

Commercial One Insurance Service of Burlingame, CA is committed to helping you choose a policy that will provide your business with the type of coverage that it needs most. Give us a call.

What is warehouse and logistics insurance

The products you manufacture, warehouse, and sell are the backbone of your business. They are an investment you will want to ensure is protected, and the best way to do that is through warehouse and logistics insurance, but what exactly is it and do you need it?

The second question is easiest to answer because it is simple. If you have a business that includes keeping an inventory of products, you will want to obtain a warehouse and logistics insurance policy. The warehouse piece to this type of insurance policy covers your warehouse storage operations. This means if the products are damaged, there is a physical loss due to a fire or other disaster, or if damage occurs during the packaging, storage, cross-docking, or labeling, the cost of the products affected will be covered.

The logistics insurance part of your policy provides commercial insurance coverage for logistics providers of your business. This is a position that gives you management of the flow of your goods and materials between the origination point of travel to their assigned destination. A logistics provider regularly handles tasks, such as shipping, inventory, warehousing, and security, for the shipping process.

Because both of the insurance coverage types are so closely related and very similar, most business owners opt for a warehouse and logistics insurance policy all in one. The products you create are the backbone of your business, which is a substantial investment of your time and money. It is also your livelihood as a business owner, so you will need to protect your products through this type of insurance policy.

A trusted insurance agency with experience in warehouse and logistics insurance policies is the person to contact to assist you in creating the best policy for you and your company in California. The agents at Commercial One Insurance Service in Burlingame, CA have the knowledge and skill to create a policy that will leave your products and business protected. Contact our office in Burlingame, CA for more information.

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.