Need Business Insurance In Scottsdale, Arizona
Tatum insurance is an independent insurance agency with an office in Scottsdale, Arizona. We sell business insurance policies from multiple carriers. However, we work for you, not the carrier. Upon request, our insurance experts will give you unbiased advice about business insurance.
We will educate you about business insurance policies and help you to find the right coverage to suit your business. Tatum insurance will also give you information about the law in Scottsdale regarding insurance and business. With us, you will get competitive pricing with adequate coverage.
Tatum insurance sells business insurance policies from multiple carriers, though we work for you, not the carrier. We have an office in Scottsdale, Arizona. Our team of dedicated professionals will educate you about different business insurance policies available.
We will give you unbiased advice with a variety of coverage options and price points. Tatum insurance will help you to find a policy to suit your business and lifestyle.
The Different Types of Business Insurance
There are many types of business insurance policies just like there are several types of businesses. Though there are primary coverages for most businesses, each company has its unique set of risks that require insurance.
Even a business in the same industry can require a different policy. Here are the primary requirements every business needs:
- General Liability Insurance
- Commercial Property Insurance
- Professional Liability Insurance
- Workers Compensation Insurance
General Liability Coverage
This policy is designed to protect you and your company against claims of bodily injuries and property damage. Such claims may arise due to your products, services and business operations. You may also be protected if you are held liable for damaging your landlord’s property.
Commercial Property Insurance
Commercial property insurance is used to protect all types of commercial property. Depending on the terms of your policy, commercial property insurance protects your business against perils such as fire, theft, and natural calamities.
This insurance is also called errors and omissions (E&O Insurance). It is a designed to protect your business against claims that a service or product your company provided caused financial harm to a client. The economic loss may be caused by mistakes on your part (errors) or because you did not perform a service (omissions).
Workers Compensation Insurance
Workers compensation insurance is meant to compensate employees for work-related injuries or disabilities sustained while working. By agreeing to receive workers compensation, employees cannot sue their employer for negligence. This policy is intended to protect both parties.
Why You Need Business Insurance
Business insurance is necessary for a business because it helps to cover the costs of liability claims and property damage. Business owners would have to pay out of pocket hefty sums of money to pay for legal claims and damages. There are other reasons why you need business insurance including:
Its Is Mandated By Law
The law requires businesses with employees to have particular insurance policies depending on the state it is running operations. Failing to run your business without insurance may result in hefty fines.
Makes Your Business Credible
Business insurance makes you appear credible to your clients. If anything goes wrong while you are still working with them, you have a way to pay them.
Our Office In Scottsdale, Arizona
Our office is located in Scottsdale, Arizona. We have been selling business insurance policies for over 60 years. Tatum insurance helps the Scottsdale business community to purchase insurance at competitive prices with adequate coverage.