Commercial Insurance In Arizona
Taking on the Arizona west as a business owner is something that many residents have been successful with over the last few decades. It is important to make sure that your commercial insurance is compliant with Arizona requirements and know what additional options you do have.
What is required?
In the state of Arizona, any business with more than one employee is required to carry worker's compensation coverage. This protects the employee financially if they are hurt on the job. Their medical expenses are covered, and they receive a portion of their weekly pay until they are able to return to work. This is also beneficial for business owners because it keeps the employees from creating a lawsuit and adversely affecting the business.
Any business that requires the services of a vehicle for delivery or transportation must have commercial auto insurance on the vehicle(s). Any time an employee drives and is involved in an accident, they will have full coverage, even if the accident was their fault.
What can I add?
Outside of the state requirements, you can add any of the following to your commercial insurance policy:
- General Liability Insurance
- Commercial Property Insurance
- Business Interruption Insurance
These are the most common additions selected by our Arizona business owners. They provide additional liability coverage if anyone is hurt on the property, not just employees. There is also coverage for business property that may be damaged in an accident or theft.
Business interruption insurance protects payroll and other costs that may be affected if your business has to close. If natural disasters or other events out of your control keep your business from operating, this coverage allows you to continue covering payroll while you are not working.
Get Your Policy Today
If you are an Arizona business owner looking to update your current commercial insurance policy or get one, our agents at Proactive Risk Services LLC are ready to assist you with all of your insurance needs. Give us a call today for more information.