Known as the Beaver State, Oregon is home to over 387,000 small businesses that provides jobs to as much as 900,000 people. As a huge contributor to the state economy, it is a must for OR business owners to protect their business against unexpected circumstances with a cheap small business insurance.
The most important thing you must know when shopping around for the best commercial insurance rates is that there is no one-size-fits-all approach to buying insurance. Therefore, you cannot compare the best quotes for general liability insurance without knowing your business needs first.
The best low cost policies will depend on the type of business you run, your location in Albany, the number of employees you have, and other variables like deductibles. Plus, it is worth knowing that there are a variety of coverage options to choose from and some of them are industry-specific.
You should always start within your business first before you explore your options, whether you are providing business as professionals or contractors, or as franchise owners.
Commercial general liability insurance is the most common type of policy obtained by business owners in Albany, Oregon. This type of policy covers protection whenever a third-party sues you, usually a customer.
This is when your business directly or indirectly caused bodily injury or property damage. It can also be used to cover for the expenses of advertising and personal injury. The insurance policy can pay for the legal expenses, settlements, and other costs involved in this process. When you compare the best quotes for general liability, it is important that you have adequate coverage so you don’t have to pay extra for these liabilities.
There are more types of coverage that you can purchase to protect your business in Albany, OR. As mentioned earlier, the type of risks your business is exposed to can vary depending on the type of industry and the nature of your business. Here are additional coverages that you might want to consider adding to your policy:
You can check out other cities in your state to compare rates: 1, 2, 3, 4.