When you have a business in Arizona, you are required by state law to have a certain amount of insurance coverage for it. Above that minimum required, there are also other insurance policy types that you might want to add to get even better coverage. If you are interested in commercial insurance, give us a call today at Insurancewide Company LLC in Phoenix, AZ to find out more.
Workers’ Compensation Coverage
This type of insurance pays for the medical bills and lost wages of people in your employ who are injured on the job. Without this coverage, you could face fines, fees and worse. You would also have to come up with all of the money to pay for the medical bills after an accident. If your Arizona business employs even one person, you are required to have this coverage. Your company may be exempt if you hire independent contractors to do the work, you have casual workers, you hire occasional workers or you have domestic workers that work inside a home.
Commercial Auto Coverage
If your company owns a car or truck, you are required to cover that vehicle with a commercial auto insurance policy. These policies must have at least the minimum amounts of coverage that are required by law. This includes one minimum amount for a single person who becomes injured in an accident. Another amount is required for two or more injured people from an accident. There is also an amount of property damage liability required to pay for damages to another person’s vehicle in an accident that you caused.
Get Your Business Covered
If your business needs commercial insurance, it’s now time for you to get it. Give us a call today at Insurancewide Company LLC in Phoenix, AZ to find out more about it.