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Business Insurance

where do I get business insurance

Having the proper business insurance coverage at an affordable rate can make the difference between the success or failure of your business. Allow our commercial insurance experts to guide you.

What is Business Insurance?

Business insurance protects your investment by minimizing financial risks associated with events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster.

Business Insurance is a broad name for different coverages available to business owners to protect against losses and insure the continuing operation of the business.

Major Types of Business Insurance

· General liability insurance is a standard insurance policy issued to protect businesses against liability claims for bodily injury and property damage arising from premises, operations, products, completed operations, advertising, and personal injury liability.

· Commercial auto insurance covers cars, trucks, motorcycles, and other road-worthy vehicles owned or operated by a business. It is used to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against associated liability. Commercial auto insurance may also offer financial protection against theft of and damage to the vehicle sustained from events other than traffic collisions.

· Commercial property insurance covers the risk of loss to an organization’s buildings or personal property. Usually includes buildings, personal property of the covered business or business owner, and personal property of others on site and in the insured’s possession. Coverage can be provided on an all risk or specific perils basis.

· Commercial umbrella insurance is liability coverage in excess of other specified commercial insurance policies and possibly primary insurance for losses not covered by other policies. When an insured business is liable to someone, the insured’s primary insurance policies pay up to their limits. Any additional amount is paid by the umbrella policy up to the coverage limit of the umbrella policy.

· Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the United States, is a form of liability insurance that protects companies providing professional counsel from bearing the full cost of defense against a negligence claim made by a client and damages awarded in a civil lawsuit. Professional liability coverage may also provide for the defense costs, including when legal action turns out to be groundless.

· Business owner’s package (BOP) is an insurance policy that combines protection from all major property and liability risks plus basic coverages required in one package. It is usually sold at a premium less than the total cost of the individual coverages. Business owner’s policies usually target small and medium-sized businesses and typically contain business interruption insurance, which provides reimbursement for up to one year of lost revenue resulting from an insured property loss.

· Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured while working in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence.

· Group health insurance is a policy purchased by an employer and offered to eligible employees (and often to the employees’ family members) as a benefit of working for that company. A group health insurance plan is a major part of many employee benefits packages that employers provide.

· Group life insurance, also known as wholesale life insurance or institutional life insurance, is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration during underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group.

· Group disability insurance is a type of group insurance that provides regular income replacement payments to an insured member of the group in the event of an eligible disability resulting from illness or injury. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).

· Supplemental insurance is additional insurance that helps pay for services and out-of-pocket expenses that your regular insurance does not cover.

Contact us to learn more about the right business insurance for you.

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Company information

CJT Insurance Services​
​CA License #: 0M25434

700 2nd St. Suite C
Encinitas, CA 92024

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Contact details

E-mail address:
info@cjtins.com

(760) 230-1125​

Weekdays: 10:00am - 5:00pm
​Saturdays: By appointment
Online 24/7