Sacramento is a great city for small businesses and startups alike. Protect your Sacramento small business with the following popular insurance policies.
A general liability policy pays for legal costs from customer accidents, as well as defamation and copyright infringement claims. Commercial leases in Sacramento often require this coverage.
A professional liability policy covers legal costs related to claims of negligence, such as advice that caused a client to lose money. It's sometimes called errors and omissions insurance (E&O).
Cyber insurance helps small businesses in Sacramento recover after a data breach or a cyberattack. Every business that handles customer information should have this coverage.
A business owner's policy, or BOP, is an affordable way to buy general liability and commercial property insurance together. It's recommended for all small, low-risk businesses in Sacramento.
Workers' comp is required for all California businesses that have employees. It also covers work-related injuries for sole proprietors, which health insurance may deny.
All vehicles owned by Sacramento businesses must be covered by commercial auto insurance. This policy primarily covers injuries and property damage caused by your vehicle.
E&O insurance protects consultants and professional services against legal defense costs from dissatisfied clients. It's also called professional liability insurance.
This policy covers physical damage to a Sacramento business's building and its contents, including any computers and equipment. You can bundle it with general liability in a BOP.
An umbrella policy provides coverage once the limit is reached on your underlying general liability insurance, commercial auto insurance, or employer's liability insurance.
Hear from customers like you who purchased small business insurance.
California state law requires all small businesses to carry workers' compensation insurance if they have employees, even if those employees are part-time.
Specific industries, such as contractors, must carry workers' compensation even if they are independent contractors or don't have employees.
Workers' compensation covers medical costs if you or one of your employees is injured on the job. It also covers disability benefits and expenses if your Sacramento workers need to take time off to recover from an accident or injury that occurred at work.
In California, all companies with commercial vehicles are required to carry commercial auto insurance. This policy covers legal costs, medical payments, and damages resulting from auto accidents that take place during business operations.
Sacramento small business owners need to carry the minimum California auto liability coverage of:
Failing to have the minimum coverage can result in fines, vehicle impound, license suspension, and higher premiums. You may want to consider additional coverage for exceptionally costly accidents or lawsuits.
If you or any of your employees plan on driving a personal vehicle for work purposes, you'll need additional liability coverage called a hired and non-owned auto (HNOA) insurance policy.
Having the proper coverage is essential because personal auto insurance will typically not cover accidents that occur during work-related activities.
Small businesses in Sacramento don't have to pay a lot for commercial insurance. Here are a few average costs for California businesses:
General liability: $42 per month
Workers' comp: $62 per month
Professional liability/E&O: $82 per month
The cost of business insurance depends on factors such as:
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Are you ready to get insurance coverage for your Sacramento business? Complete Insureon's easy online application to get a quote today from top-rated providers.
As a small business owner, you may need to get insurance quickly to sign a contract, a lease, or other business agreement. With Insureon, you can get same-day insurance quickly in three simple steps:
Insureon's agents are licensed in California and will help you get the coverage that works for your business needs. Most California businesses, from San Francisco to Los Angeles, receive their certificate of insurance and an active policy within just a few hours.
Yes, your business can be held responsible for a data breach in California. Unfortunately, small businesses are often the target of cyberattacks because they lack the expensive technological safeguards to prevent them.
Cyber insurance is important for protecting your small business in the event that your customer's information is leaked in a data breach.
Data breach laws in California require Sacramento businesses to notify residents in writing if their personal information has been compromised in a cyberattack. Depending on how many residents are impacted, the business may also need to alert the Attorney General.
Additionally, you may be responsible for providing at least twelve months of credit monitoring services to impacted residents.
A data leak may require you and your business to pay for an investigation, lawsuits, and other related expenses. Purchasing cyber insurance will help cover the costly expenses of managing compromised personal information.
Your industry can determine the type of insurance plan you may need to operate within Sacramento. Some businesses require additional coverage depending on the risks associated with their industry.
Examples of some professionals and industries that may require additional coverage in Sacramento include:
Many small businesses are not required to carry insurance in order to operate in Sacramento. However, each type of business has insurance solutions that would benefit them in the event of a lawsuit, accident, or other risks associated with their day-to-day operations.
If you'd like assistance starting or growing your Sacramento small business, consider the following resources for help with funding, business planning, mentorship, and more.
Saving money on small business insurance is simple with Insureon's easy online application. We provide quotes from the nation's top insurance companies to help you compare coverage and pick the best policies for your small business insurance needs.
Some other ways to save on your insurance coverage options include:
Speak with one of our licensed insurance brokers to discuss the best way to save money on your insurance, or read more about obtaining cheap business insurance.