California’s economy is tremendous. The economy of this state is diverse, with 58% of its revenues coming from finance, government, real estate, and professional, scientific, and technical business services. This state is home to the world’s entertainment capital and the technology industry.
As of 2019, California had a gross state product of $3.2 trillion, making it the world’s largest sub-national economy. In California, small businesses account for 99.8% of all companies and employ 48.8% of the workforce, making them an integral part of the Golden State’s economy.
California offers companies a very conducive business environment due to its large population and consistent, calm weather. Business owners in California can protect their businesses from financial ruin by finding a trusted insurance provider.
General liability insurance provides the best protection for your business and assets. Business operations are most likely to be disrupted by accidents. A business owner needs to be prepared for accidents that can occur on the premises.
Your California business can be protected from unexpected expenses with comprehensive general liability coverage. We can assist you in finding the right policy for your budget at Stampede Insurance.
Liability insurance for businesses protects them in case of injuries to customers, damage to their property, and advertising injuries. Additionally, it enables you to qualify for contracts and leases that require proof of insurance.
Small-business commercial insurance is ideal for businesses that have direct contact with customers and clients. It is commonly referred to as a Commercial General Liability (CGL). This insurance protects your finances if you are sued by a customer or competitor.
Although California doesn’t mandate businesses to carry general liability insurance, many landlords, mortgage companies, prospective employers, and clients do. Their contracts frequently detail the coverage types and limits you must carry in order to start work.
It can be reassuring to a property manager, bank, or customer to have a certificate from your insurance company. Through this document, your business can handle property damage lawsuits and personal injury lawsuits.
Contractors in California might not require commercial property insurance or business owners’ insurance unless they have a physical location or expensive equipment; however, they would still need general liability insurance.
Our complete coverage protects California businesses from operational disruptions and financial trouble. With Stampede Insurance, you can obtain a free general liability insurance quote online. Contact our customer service representatives in Los Angeles, Pasadena or Irvine today!