Many small businesses avoid insurance costs because their profit margins are low. And in bad economic times, many more companies try to conserve as much money as possible. Don't let yourself fall into this trap. Imagine an employee succumbing to heat stroke in the blistering Arizona summer, and the lawsuit that might result. The truth is, any little thing that goes wrong might have disastrous consequences for your business, whether it's a defective product that harms a child or a misleading advertisement that leads to a class-action lawsuit. The danger of avoiding Arizona business insurance is as big as the Grand Canyon. But if you search diligently for Arizona business insurance quotes, you can find excellent coverage for a great price.
Arizona Workers' Compensation
If you have employees in the Copper State, you must provide workers' compensation insurance for them. Before you look into Arizona business insurance quotes, make the following determinations: Do you have employees or contract workers? How many employees? What are their wages? All of these facts influence your premium. Then there are options for providing coverage: you can self-insure, provide insurance through a competitive state fund, or find a private carrier. One advantage of a private insurance carrier is the ability to easily compare premiums online, which helps you find low-cost Arizona business insurance.
Arizona Business Liability Insurance
There are a lot of things to think about to protect yourself from liability. Let's say you own a golf course in Scottsdale. First, you'll need workers' compensation for your employees. You may also have contract workers who handle seasonal upgrades. But then consider the guests and their relationship to Arizona business insurance. What happens if a stray ball strikes another golfer? What if teenagers sneak onto the course at night and someone suffers a serious injury near a sand trap? This might even happen to a visitor touring the course. Or maybe a delivery man dropping off containers of liquor for the clubhouse slips in the storage room. The point is, even a business that seems relatively safe might encounter a range of accidents. And when people get hurt, they sue. You might have waivers in place for golfers, or think that anyone sneaking onto your course took a risk that isn't your fault. And maybe you're right. But court costs, even for the winner, are expensive, and liability insurance will cover those as well. Make sure general liability coverage is part of your search for Arizona business insurance quotes.
The same golf course operator will need to purchase an Arizona business insurance policy that covers damages to the clubhouse, the course, and maybe a restaurant and bar. This would include weather damage, vandalism, fire, and other common hazards. And you may need to protect yourself against damages incurred in the line of business, such as a grounds maintenance crew accidentally causing thousands of dollars of damages to the sprinkler system. For any business owner, run through every piece of equipment you use and every place your business occurs. Calculate the replacement costs. The amount you come up with is a good starting point for Arizona business insurance quotes for property protection.
It's tempting to do things at the speed of a Steve Nash fast break, but your business needs a little more contemplation. To save money on Arizona business insurance, it pays to review offers from as many insurers as possible. Ask what kind of coverages you can include in a single policy. A business owner's policy, for example, generally includes all of the basic coverages except workers' compensation and company automobiles--and for less money than you'd spend on these policies separately. Figure out which combinations make sense for your business, then let a service like NetQuote.com compare Arizona business insurance quotes. You'll find a lot of Arizona insurance offers without much effort. That makes Arizona business insurance as friendly as a Tucson smile.