California Business Insurance: Protect Your Venture
California businesses need insurance to mitigate risks and protect assets. Here's a quick overview:
- General liability: Covers damages or injuries to others (e.g., slips, trips, or product issues)
- Professional liability (E&O): Protects against claims of errors, omissions, or negligence in your services (e.g., consultants, contractors, or medical pros)
- Property insurance: Protects business property (equipment, inventory, buildings)
- Workers' compensation: Required for employees (covers work-related injuries)
California-specific:
- Workers' comp: Required for most businesses with employees.
- Liability limits: and requirements vary by industry and business type.