{"id":38,"date":"2019-09-30T02:00:00","date_gmt":"2019-09-30T14:00:00","guid":{"rendered":"https:\/\/www.commercialoneinsurance.com\/blog\/?p=38"},"modified":"2019-09-30T16:28:35","modified_gmt":"2019-09-30T22:28:35","slug":"how-can-commercial-insurance-tie-into-estate-planning","status":"publish","type":"post","link":"https:\/\/www.commercialoneinsurance.com\/blog\/how-can-commercial-insurance-tie-into-estate-planning\/","title":{"rendered":"How Can Commercial Insurance Tie Into Estate Planning"},"content":{"rendered":"<p>Commercial insurance for your Burlingame, CA business&nbsp;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&#8217;s why it&#8217;s important to create a buffer for your personal assets, such as your home and savings.<\/p>\n<p>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&#8217;re gone.&nbsp;Including commercial insurance as part of an&nbsp;estate plan ensures that your estate retains the&nbsp;financial resources for&nbsp;their long-term expenses.&nbsp;<\/p>\n<h2><strong>What is Commercial Insurance?<\/strong><\/h2>\n<p>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&nbsp;during the transition of a business.&nbsp;Your Commercial One Insurance Service agent can help you plan your commercial coverage to ensure you won&#8217;t have to dip into personal resources due to business liability.<\/p>\n<h3><strong>Maintaining Your Family&#8217;s Lifestyle<\/strong><\/h3>\n<p>Ideally, you want to leave behind sufficient funds for your spouse and kids for living expenses, college, and other obligations. That won&#8217;t be possible if your business doesn&#8217;t have sufficient coverage and you experience a financial loss that affects your personal assets.<\/p>\n<h3><strong>Transitioning a Business<\/strong><\/h3>\n<p>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.<\/p>\n<p>If you have any questions about commercial insurance for your Burlingame, CA business, stop by or call Commercial One Insurance Service today.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial insurance for your Burlingame, CA business&nbsp;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&#8217;s why it&#8217;s important to create a buffer for your personal assets, such as your home and savings. It also ties into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7,8],"class_list":["post-38","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-burlingame-ca","tag-commercial-one-insurance-service"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/38","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=38"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/38\/revisions"}],"predecessor-version":[{"id":39,"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/38\/revisions\/39"}],"wp:attachment":[{"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=38"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=38"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialoneinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=38"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}