Your husband would do best in seeking out commercial property insurance of an all-risk policy, which covers those problems known to be common with small business.
A small business would need health insurance coverage to offer peace of mind to the owner and workers as it means if something happens they are covered and do not need to worry about expensive hospital bills.
In Oregon that would be Workman's Compensation.
Yes, you will need insurance coverage. In most instances, your business insurance will cover equipment leases.
A Business owners package policy should cover your studio for some property and the liability of your product and premesis. You might need to add on property coverage for your products if they are expensive or you maintain a lot of inventory and I would be careful about how you value it for insurance purposes. If your business has employees you need work comp, if you have vehicles for the business you need to get commercial auto insurance.
A certificate of insurance is necessary to show coverage limits. Any business you plan to deal with should hold a current certificate of insurance to be sure coverage is current.
You need small business in any state. Business insurance is purchased to help you protect the business from lawsuits, damages, claims, etc so it doesn't matter what state you are in. If you have a business that has a location, sales, employees, assets, or good ideas, you need insurance.
Forget he is your son. You must treat him like any other employee you would hire in respect to insurance coverage requirements. <><><> California law requires any business with even ONE employee have Worker's Comp insurance. If your son is an employee of the business, then yes, you need it.
5 TYPES OF INSURANCE YOU NEED TO PROTECT YOUR BUSINESS 1.BUSINESS AUTO INSURANCE 2.COMMERCIAL PROPERTY INSURANCE 3.COMMERCIAL UMBRELLA INSURANCE 4.GENERAL LIABILITY INSURANCE 5.WORKERS’ COMPENSATION INSURANCE Workers Compensation Insurance provides coverage for both work related injuries and some lost income. We also represent several top rated workers compensation insurance companies and can get you the right coverage that fits your business insurance budget.
Small businesses need insurance policies to protect themselves from financial losses due to unexpected events. A business insurance policy can cover losses due to property damage, liability, employee injury, and other risks. Having an insurance policy can also help a business to remain compliant with laws and regulations, as certain types of insurance are required in order to operate. Additionally, an insurance policy can help a business to attract customers, as customers may be more likely to do business with a company that is insured.
Insurance definitions found on the web can explain property and liability insurance more in detail. However the type of business you have will tell you what type of coverage you will need.
The coverage you need will be specific to your own needs. The best way to asses the coverage you'll need is to speak with someone at the insurance agency that holds your policy. They can help you decide what kind of coverage you'll need.
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile