Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you. Small businesses account for over 99% of all businesses in Idaho, according to the US Small Business Administration . They employ 325,294 workers, which equates to more than half of the state’s workforce.
We’re a national commercial insurance agency appointed to represent more than 35 insurance carriers throughout the U.S. We return business insurance quotes quickly with more efficient technology, highly trained insurance Specialists and dedicated underwriters servicing our agency. Although Idaho General Liability Insurance is an essential coverage, it does not provide every type of coverage that a business might need. In addition to ID general liability insurance, businesses will typically need commercial auto insurance, workers’ compensation and other key coverage types. Depending on the size and scope your business, you may also need directors and officers liability insurance, employee practices liability insurance, and additional coverage types. However, general liability insurance provides a fundamental layer of coverage that most businesses should not go without.
This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage. A BOP combines property and liability coverage into one easy-to-manage policy through here idahotvscore.org
Is a form of coverage that helps protect small businesses from accident damages that occur in vehicles not titled to the company. Businesses that sometimes request staff members to drive their own automobiles for work or rent them should strongly consider this add-on. Errors and omissions (E&O) coverage, helps pay for damages if someone claims that your company made an oversight that caused financial losses. Luckily, finding protection is easy with the Progressive Advantage® Business Program. Our insurance experts can help businesses of all sizes find the types of coverage they need including workers’ compensation, cyber insurance, and general liability.
The policy may cover medical costs without the need for time-consuming and expensive lawsuits. If a lawsuit is filed, the commercial general liability insurance policy can cover the defense costs and damages, as well. Even if you’re just starting up, you can find Idaho business insurance coverage that’s right for you. Though it’s not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner’s policy. Idaho state law requires businesses with one or more employees, full-time or part-time, to carry workers’ compensation insurance.
Progressive Advantage Agency, Inc. attempts to quote each applicant contacting us for a quote with at least one of these insurers. Certain Progressive companies may be compensated as licensed agencies for performing services on behalf of these insurers. One of the most important cost factors is the type of work your business does.
If someone falls as a result, your business could be held accountable. And this is just one common scenario – bodily injury can occur in many different ways. In order to simplify coverage and reduce your insurance costs, you may be able to purchase a Business Owners Policy . This insurance product combines general liability insurance with other commonly needed insurance types, such as property insurance and business interruption, and it is ideal for many small businesses. As a specialized professional, you have unique needs, and what works for one person may not work for you.
Even if you don’t have a physical location where clients, customers or vendors enter, you may still have many exposures that necessitate general liability insurance coverage. One common scenario involves workers who go to customers’ property. If your worker inadvertently injures someone or causes property damage, your business could be held liable. Once again, commercial general liability insurance can provide the protection you need to keep your business going strong. It’s important to remember that executive and professional liability insurance is different from general liability insurance. While they may sound similar, E&O insurance covers damages or harm that arise from your direct actions.