My Account
Commercial insurance typically includes commercial auto, general business, and more. Many businesses choose additional insurance to protect against natural disasters. The legal requirements can vary based on the asset and type of business.
Business Regulations
Generally, businesses are only legally required to have workers’ compensation insurance to protect employees. Businesses can opt out of other types of insurance, such as liability insurance or building coverage, but this is not advisable. Liability insurance from Old Pueblo Insurance can shield you in a lawsuit; other coverage will safeguard your other assets.
General Contractors
General contractors in Oro Valley, AZ, have slightly different requirements. The state mandates that they have workers’ compensation insurance and general liability insurance. General liability insurance provides coverage for incidents that occur on the job. For instance, if a roofing contractor accidentally drops debris onto a vehicle, the insurance should compensate the owner for damages.
Commercial Auto Insurance
Arizona law requires auto insurance for all vehicles, including business vehicles. Contractors and companies are legally required to have commercial auto insurance for any vehicles on the road. The state mandates that all cars have minimum liability insurance, covering the other person’s property damage or medical bills if an accident occurs.
Although Arizona doesn’t require commercial insurance, it’s crucial to understand your risks and protect your assets. Insurance policies can help you pay for damage from a flood or burglary. Without protection, you may be out of business because you can’t afford to pay for damages during a natural disaster. Agents at Old Pueblo Insurance can help you find insurance that meets your needs. We’re currently serving the Oro Valley, AZ area.
