Business Insurance Bend Oregon

Bend City residents who are self-employed or work as independent contractors may need to carry business insurance Bend, Oregon on top of their other insurance coverage. Unlike typical Commercial Insurance Bend, OR coverages, this type of coverage helps protect against certain claims which are related to your contracting services.

The benefits of having Business Insurance Bend, Oregon

When you are a contractor, your work exposes you to a variety of risks. You could be held liable for damages caused by your work, Even if the damage is caused by someone else. That’s why it’s important to have business insurance Bend, Oregon.

This type of insurance can help protect you from a variety of risks, including:

-Bodily injury: If you or your employees accidentally injure someone while working, this coverage can help pay for medical expenses.

-Property damage: If your work damages someone’s property, this coverage can help pay for repairs or replacement costs.

-Legal expenses: If you are sued because of an accident that happened on the job, this coverage can help pay for your legal expenses.

Having this type of insurance can give you peace of mind knowing that you are protected in case something goes wrong. Work with Pascal Burke to find a policy that meets your needs and gives you the best protection possible.

What are the different types of business insurance Bend, Oregon policies available?

There are numerous types of insurance policies available to contractors, and the type of policy you need will vary depending on the size and scope of your business. The most common types of contractor insurance policies are:

-General Liability Insurance: This is the basic level of protection for any business, and covers you in the event that you or one of your employees causes bodily injury or property damage to a third party.

-Professional Liability Insurance: Also known as “errors and omissions” insurance, this policy protects you against claims that arise from your professional negligence.

-Business Property Insurance: This insurance protects your business premises and equipment from damage or theft.

-Business Interruption Insurance: This policy provides financial protection in the event that your business is forced to close down temporarily due to an insured event (such as a fire).

-Workers’ Compensation Insurance: This mandatory insurance covers medical expenses and lost wages for employees who are injured while working for your company.

How to assess your needs vs. what you want to pay for?

There are a few things you need to consider when you’re trying to figure out how much contractor general liability insurance you need. First, you have to think about what your business activities will be. Are you doing any work that could be considered high-risk? If so, you’ll need to make sure you’re insured for at least $1 million per occurrence. Next, you need to consider what your clients are going to expect from you. If they’re going to be asking for proof of insurance, make sure you’re covered for the amount they’re requesting. Finally, think about how much coverage you can afford to pay. You don’t want to skimp on coverage, but you also don’t want to break the bank. Talk to Pascal Burke today and they can help you assess your needs and find a policy that’s right for your business and your budget.

What can happen if you lack business insurance Bend, Oregon?

If you lack general liability insurance as a contractor in Bend, OR, you could be held financially responsible for any property damage or personal injuries that occur as a result of your work. You may also be sued by the injured party or their family, which can lead to hefty legal fees and damages.