It is exciting to own, manage, and operate your own business and you will want to ensure that it is properly protected. You can do that by obtaining a commercial insurance policy and the agents at Insure It All in Idaho Falls, ID are ready to assist you in creating your policy.
When it comes to commercial insurance for your Idaho business, there are certain requirements you must meet to comply with the state’s laws. For example, you must have worker’s compensation and business auto insurance.
Workers’ Compensation Insurance
State law in Idaho states that all businesses must have workers’ compensation insurance on all employees whether they are full-time or part-time. This type of coverage will cover your employees if they are hurt on the job or become ill due to their work environment, including their medical bills and wages, while they are off work.
Commercial Auto Insurance
If you use business-owned vehicles for your Idaho business, you must obtain a commercial auto insurance policy. This type of coverage will ensure that your business vehicles, or personal ones used for business purposes, are in compliance with the state’s minimum insurance requirements of liability insurance. This will protect your business if you or one of your employees causing an accident while driving.
General Liability Insurance
This is an important type of coverage you should have in place for your business in case one of your products or services causes a person to become injured. You can also include the physical location of your business in the event someone comes into your business and becomes injured due to a slip and fall incident or some other incident.
Professional Liability Insurance
This type of coverage will help protect your business interests if there are any lawsuits filed against you and your business that are due to mistakes that are made and or even if major deadlines are missed.
Cyber Liability Insurance
This type of commercial insurance coverage helps protect your business in the event there is a data breach or a cyberattack. It can help you pay for the legal fees, client notification expenses, and any other related expenses incurred due to a security breach of information.
To get your commercial business insurance in place with the coverage you want and need right away, call or visit the commercial insurance agents at Insure It All in Idaho Falls, ID today!