Understanding Business Insurance Coverage in Portland, Oregon
If you own a business, you know firsthand how important it is to protect your assets. Your business is much more than a product or service; it is yours and your employee’s livelihoods. For this reason, you need to do everything you can to protect your business from financial setbacks. Business insurance coverage in Portland, OR is the best way to protect your business from financial harm.
Here at Mt. Hood Insurance, we share the same passion you have for your business because we know what it takes to run a successful one. That is why we take pride in our ability to build you the perfect insurance policy that protects your business while also respecting your budget.
If you want to learn how having the right business insurance coverage can help your business, please contact us today!
Call us today at 503-808-1111
What can be Covered under a Business Insurance Policy
Every business is unique. As a business owner, only you know the unique challenges and risks that your business faces. That is why you need to seek the services of an independent insurance agent to customize your business insurance policy to fit your needs. Here are a few things a business insurance policy can cover.
Business Property Insurance
Your place of business is perhaps the most important thing to protect for your business. Business property insurance covers your building in the event of damage due to natural disasters, fire, or flooding. You can also have business property insurance that covers any personal item damage, including furniture, equipment, and inventory.
Professional Liability Insurance
Professional liability insurance protects your business from any claims your business would receive due to errors in providing your services. An example of this is a clerical issue that causes one of your clients to lose money. Professional liability can also cover any legal fees you incur due to a lawsuit.
Workers’ Compensation Insurance
Accidents happen. If one of your employees can’t work due to a work-related injury or illness, your business could be out thousands of dollars in medical bills and lost production. Getting worker’s compensation insurance will protect your business from any costs associated with a workplace injury or illness.
Data Breach Insurance
As we continue to move more into the digital landscape, data breaches are becoming more and more common. It seems you can’t turn on the news anymore without hearing about a data breach. These data breaches can cause businesses to lose thousands of dollars due to data loss or loss of confidence from clients. Data breach insurance will cover any costs you incur from a data leak. Data breach insurance can also cover costs relating to the investigation into a data leak.
Are you looking for business insurance coverage? Do you want a policy that is customized to meet your needs? Here at Mt. Hood Insurance, we want to help you protect your business and help it grow. Let us take the stress out of finding you a business insurance policy to focus on running your business.
How to Get the Most Out of Your Business Insurance Coverage in Portland, OR
As a business owner, you always need to keep one eye on the budget. That is why seeking the services of an independent insurance agency is so vital. Here at Mt. Hood Insurance, we pride ourselves in doing extensive research on your policy. This allows us to find any discounts or other incentives you may qualify for.
A great way to reduce insurance costs is by applying any discounts you may qualify for. Discounts are monetary benefits for meeting certain standards prescribed by an insurance company. Here are three of the most common discounts offered by insurance companies.
Your business can receive safety discounts if the insurance provider sees you take good care of your company. This includes keeping your place of business well maintained. You can also receive safety discounts by installing burglar alarms, fire alarms, and a sprinkler system.
Many insurance providers offer bundle discounts whenever you own several policies through the insurance provider. For example, if you were to bundle your personal auto insurance coverage with your business insurance coverage, you could receive a hefty discount on both.
Who doesn’t love loyalty? Insurance companies highly value loyalty and often will offer discounts the longer you are with the same company
Want to learn more about discounts? Contact us today, and one of our trained insurance agents will help guide you through the process.
Business Insurance Coverage FAQ
How Much is Business Insurance Coverage?
With like most insurance policies, the overall cost will vary from business to business. You need to consider what you need to be covered and any risks associated with your business.
Why Do I Need Business Insurance?
Starting a business is always a risky endeavor. Getting a business insurance policy will ensure your business is protected from any unforeseen risks your business will face.
Where can I Purchase Business Insurance?
Finding the right insurance policy can be a frustrating and time-consuming prospect. It is highly recommended you seek the services of an independent insurance agency to help guide you in the right direction.
Can I Get a Quote for my Business Insurance?
Yes, absolutely! Just get in touch with us today, so we can set up a time to speak about your business goals.
Call us today at 503-808-1111