Whether you are just starting out with your first business or have many years of experience behind you, we here at Maki Insurance Group understand the challenges, frustrations, and vulnerabilities that come with commercial ventures. We offer comprehensive business insurance solutions that are customized to fit the unique needs of your business and industry so you can spend less time worrying about your financial risks and more time growing your company’s revenue.
What Coverages Does Your Business Need?
With so many coverage options available to business owners, it helps to have someone you can consult with about your unique needs. We know the ins and outs of Arizona commercial coverages and can help you pinpoint which ones are right for you.
What would it take to destroy your business? A major storm? A break-in and burglary? A building fire? As it turns out, there are a lot of hazards that can threaten your business property. Commercial property insurance helps cover your equipment, furnishings, fixtures, inventory, machines, signs, and even the structure of your building if you own it.
Business Interruption Insurance
If a covered event forces your business to close or to relocate your operations elsewhere temporarily, business interruption coverage can help pay for the costs. It is designed to ensure the continuity of your business by temporarily paying the necessary ongoing expenses despite an interruption of business revenue.
General Liability (GL)
Important for virtually every business, general liability insurance helps protect your company against third-party accusations of negligence leading to injury, property damage, and other loss. It pays for legal defense fees and court costs if your business is sued, and it can also pay for your company’s financial liabilities if you lose your defense case. Having the right general liability policy and coverage limits can help protect the future of your business and safeguard your income and assets against loss.
Workers Compensation Insurance
Nearly all Arizona employers must purchase workers compensation insurance in compliance with state laws. This coverage protects workers against the costs associated with on-the-job accidents. It can pay for medical bills and rehabilitative costs, as well as provide compensation for the loss of income during the recovery period. In addition, workers compensation insurance helps lower the risk of an employee injury-related lawsuit against your business.
Commercial Vehicle Insurance
If you operate a vehicle for commercial purposes, you need insurance that protects your car and your business against the potential for accidents. If one of your drivers causes a collision while driving your company vehicle, the victims could sue your business for compensation of damages for medical bills, vehicle damages, and more. Make sure your commercial coverage includes adequate coverage to pay for damages to your vehicle and also cover any potential liability your business may have for the accident.
Employment Practices Liability Insurance (EPLI)
As an employer, you are required to maintain a safe work environment and follow certain guidelines for hiring and firing your workers. EPLI helps protect your business against accusations of wrongful employment practices.
Commercial Data Breach Coverage
In an increasingly connected and data-centric society, cybersecurity is more important than ever. If you are responsible for safeguarding sensitive customer data, you need insurance that can protect your company against the financial repercussions of cybercrime.
Some businesses rely on special equipment to perform certain services. If your machinery goes down due to a covered reason, this type of insurance can help cover the cost of repairs or replacement so you can resume normal business operations as quickly as possible.
Commercial Umbrella Insurance
When general liability coverage limits are still not enough to pay for your company’s financial responsibility, commercial umbrella insurance can provide backup protection with extended coverage limits worth millions of dollars. In the event of a major lawsuit, this coverage could mean the difference between continued operations or filing for bankruptcy.
If your business operates in a specialized field with unique risks, chances are we have coverage that can minimize your exposure. Occupational coverages are available for restaurants, contractors, wholesalers, professionals, and businesses operating in many other types of industries. We can help you assess your risks and build a coverage portfolio that meets your needs both now and in the years to come.
Streamlining Your Coverage with BOP Insurance
Some businesses qualify for a consolidated coverage option known as a Business Owners Package (BOP). This type of insurance takes several of the general risk coverages that are common to many business types and combines them into a single policy with a single premium. This not only simplifies the coverage and the process of purchasing it, but it can also reduce the cost of combined premiums compared to purchasing coverages separates. Not all business owners are eligible for BOP insurance, and not all coverages are included in these policies. Talk to your agent to find out if this type of coverage could be a fit for your business.
Arizona Business Insurance Consultation and Quotes
If you own a commercial business of any kind in the greater Anthem area, we want to talk to you. Let us show you how working with an independent agent can provide you with greater coverage selection, quality protection, and affordable premiums that protect your bottom line.
Contact us today to schedule your commercial insurance consultation or to request your free quotes. We look forward to serving you soon.