Small Business Owners

Business Insurance Agency in Huntington Beach, CA

Most small business owners will agree on one thing: being in control of your own destiny is incredibly rewarding.

You get to call the shots. You decide when and where you want to work. You get to choose the people you work with. And you have the opportunity to make more money than if you were employed by someone else.

But entrepreneurship also comes with a lot of responsibility.

No matter your industry, owning a small business comes with inherent risks: a customer slips and falls on your coffee shop’s freshly mopped floors, your refrigerator breaks down and you lose your entire inventory due to spoilage, or a long-term employee steals substantial amount of money by writing unauthorized checks. For these reasons and others, it’s especially important to protect your assets.

As a small business owner in Orange County, a commercial insurance policy can protect you from financial catastrophe if something unexpectedly goes awry.

What is a Business Owner's Policy?

A Business Owners Policy (BOP) is designed for small to medium-sized businesses and combines protection for various property and liability risks into a single bundle. On average, it’s cheaper to purchase than a la carte business insurance coverages.

Each standard BOP, which can be customized to fit your business’ unique needs, combines the following six coverages into one policy:

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Building Protection

Helps to cover the cost of fixtures, cabinetry, shelving, and other permanently installed equipment in the event of a loss. (This type of coverage is especially helpful if you own the space where you operate your business. However, it’s equally important if you’re a renter and have either fully remodeled or made minor upgrades to the interior.)

Business Personal Property

Covers the cost of damaged, lost, or stolen business property that isn’t physically attached to the building (e.g., desks, furniture, chairs, computers, printers, phones, TVs, etc.).

General Liability

Protects you if a customer is injured or damages their personal property while on your premises. (If you are liable, this coverage can help pay for a customer’s medical expenses as well as legal costs if the incident leads to a lawsuit.)

Business Interruption

Designed to replace lost net income and fixed expenses while your business is closed and being repaired due to a covered loss.

Equipment Breakdown

Protects from short and long-term consequences associated with sudden and accidental damage or malfunctions (i.e., power surges, short circuits, mechanical breakdowns).

Electronic Data

Pays for the cost to replace or restore eligible electronic data due to harmful code that damages or destroys any part of the computer system.

Upgrade your protection with these optional add-ons:

  • Accounts Receivable
  • Money and Securities
  • Employee Dishonesty
  • Valuable Papers and Records
  • Identity Theft
  • Computer & Funds Transfer Fraud
  • Business Umbrella Policy
  • Employment Practices Liability
*Need multiple add-on coverages? Ask us how you can save money with a premium package plan.

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Do I Really Need Commercial Auto Insurance?

Many small business owners mistakenly believe that their personal auto policy will cover them in the event of an accident. However, there are many business uses and vehicle types that are excluded from personal policies.

Ask yourself the following questions:

  • Is your vehicle primarily used for the purposes of operating a business?
  • Are you using your vehicle(s) to transport goods or people for a fee?
  • Is your vehicle registered under the name of a partnership or corporation rather than an individual person?
  • Do any of your employees drive your vehicle(s) on a regular or occasional basis?
  • Does your vehicle exceed 10,000 pounds or have a load capacity of over 2,000 pounds?

If you answered “yes” to any of these questions, there’s a good chance you need to upgrade your personal auto policy to a commercial one.

5 Standard Coverages in a Business Auto Policy:

Liability

Protects you in the event that you or one of your employees is at fault in an accident and injures another person(s) and / or damages their property.

Collision

Helps pays for damage to your vehicle if you collide with another car or stationary object, or if someone hits your parked vehicle.

Comprehensive

Assists in repairing damage to your vehicle which was not caused by a collision (i.e., theft, fire, vandalism, windstorm, or hitting an animal).

Medical Payments

Helps pay for medical costs or funeral expenses if you and / or one of your employees is injured or killed in an accident no matter who is at fault.

Uninsured / Underinsured Motorist

Helps protect you if your vehicle is damaged in an accident by a driver with little or no vehicle insurance.

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Other Types of Business Insurance Coverage:

Not in the market for a BOP or commercial auto policy? We offer a wide range of business insurance coverages to suit your needs.

A La Carte
  • General Liability
  • Professional Liability
  • Errors + Omissions
  • Workers Comp
Voluntary Employee Benefits
  • Accident & Disability
  • Critical Illness
Homeowners' Association
  • Condominium + Single Family
Bonds
  • Surety
  • Insurance Broker
  • Contractor’s License
  • Probate or Fiduciary
  • Love to save? (We thought so!)

    • When you bundle your business owners policy with your personal policies, you'll automatically receive a multi-policy discount.

      Contact Our Office

SoCal Insurance & Financial Services in HB – Your Trusted Auto Insurance Advisors

  • Providing Top-Rated Service to Orange County Business Owners for 30+ Years
  • Protect your Business with Highly Rated Coverage Tailored to Your Specific Needs
  • Less than 4 Miles from Huntington Beach Pier and downtown Main Street
  • Call Our Office to Get Started on a Quote Today!
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