While a simple business owners’ policy may seem sufficient for small companies, many business owners would be surprised at how many gaps there are in their insurance policies.
Covina, CA (PRWEB) November 11, 2011
The experts at PTL Insurance Brokers, Inc. know that many people and businesses are struggling to stay afloat during these tough economic times. Unfortunately, many companies have found themselves to be the subject of lawsuits filed by unhappy customers or commercial clients. Even in cases in which companies are found not guilty of the offenses they are accused of, legal defense costs alone can cost thousands and lead to a serious financial setback. For this reason, it is more essential than ever to obtain the California business insurance local companies need.
While a simple business owners’ policy may seem sufficient for small companies, many business owners would be surprised at how many gaps there are in their insurance policies. Here are just a few of the options that all local companies should consider:
- Errors and Omissions: Companies that provide professional advice or services may be subject to a lawsuit stemming from a simple mistake in data or investment advice that led to a loss for a client. Errors and omissions coverage will protect these types of businesses from the enormous costs they could face due to seemingly small mistakes.
- Business Interruption: Many companies rely on the timeliness and accuracy of outside vendors and employees, as well as the cooperation of the weather in order to keep things running smoothly. Any number of things could go wrong and disrupt the productivity of a business, which is why business interruption insurance is a good investment for companies that want to keep money coming in, even if they have to shut down for a few days.
- Key Person: Some small businesses rely very heavily on their leaders and if this person were to become ill or unable to work, the company may not be able to continue operating. Key person coverage is a type of life insurance that names a business as the beneficiary.
The team at PTL Insurance Brokers, Inc. understands that California business insurance can be extremely complex at times, which is why the agency’s experts are committed to lending their professional advice in order to ensure that their personal and commercial lines clients obtain comprehensive coverage. These days, being caught off guard by an unexpected lawsuit could easily land a company in serious financial trouble, so it’s best not to risk it at all and instead seek help from agents with extensive experience, like those at PTL Insurance Brokers, Inc.
About PTL Insurance Brokers, Inc:
Established in 1976, PTL Insurance Brokers, Inc. of Covina, CA has provided its neighbors in California with vast insurance services. From Covina to LA, insurance is their main focus. For over 35 years now, PTL Insurance Brokers, Inc. has been dedicated to finding affordable, comprehensive lines of insurance that allow its customers to feel secure. PTL Insurance Brokers, Inc. operates based off of a single mission—to match each client with a cost-effective insurance package that caters to their unique needs and lifestyle. With such strong roots in the California insurance industry, there’s no wondering why the agency’s customers keep coming back for more.
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