Category: Commercial Insurance

For business owners who want coverage they can trust, our team of qualified insurance professionals at Choice One Insurance Inc. in Portland, OR, ensures that every aspect of your business is protected. From the equipment you use to carry out tasks related to producing goods and services to the freight you ship to partners and other businesses, we take covering your company seriously. If you’re not sure whether you should get commercial insurance, cargo insurance, or both, we can differentiate them below. For more specific information, you can always contact our office to discuss potential options with our team.

What Is Cargo Insurance?

Cargo insurance is a specialized kind of policy that covers your freight so you can be reimbursed if your cargo is stolen or lost during certain types of shipment. While every cargo insurance policy is different, you can rest assured that each cargo insurance policy is designed to cover some aspects of your cargo. Different types of cargo insurance cover different aspects of shipment, so you should ensure you have the right one for your business.

What Is Commercial Insurance?

Commercial insurance covers businesses in general. Some policies, like commercial auto insurance, cover vehicles for your business. Other types of commercial insurance, like worker’s compensation insurance, cover your employees and protect you from liability.

Differences Between Cargo Insurance and Commercial Insurance

The most obvious difference between cargo insurance and commercial insurance is the aspects of business they cover. Commercial insurance covers a broader range of business elements. Commercial insurance policies may also pair with umbrella insurance, while cargo insurance might not. It’s best to consult an agent at our agency for more specific details.

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Call Choice One Insurance Inc. in Portland, OR to protect your business.

Obtaining the proper commercial auto insurance policy for your truck and delivery businesses in Portland, OR is essential if you plan to operate your venture for many years to come. If you’re a business owner living in the Portland, Oregon region, choosing the right truck and delivery insurance becomes much easier with the assistance of a professional insurance agency, such as Choice One Insurance Inc.

Coverage Needs

You must consider your business’s size and type and the risk exposure based on your business activity. Legal requirements for transportation, employee vehicles, and commercial deliveries based on the industry and market you operate in should also be considered.

Types of Commercial Auto Insurance in Portland, OR

Common types of commercial auto insurance for those doing business in Portland, OR include:

• Traditional Commercial Auto Insurance: This type of insurance covers general liability, medical bills, underinsured coverage needs, and many instances of collisions.
• Liability: Commercial liability is also recommended for all business types operating in or around the Portland, OR region. Liability insurance protects against damages, injuries, and accidents that occur to others while they are working for you or accessing your commercial property.
• Cargo Insurance: These policies are recommended for businesses that transport materials, products, and goods to different locations.
• Bobtail Policies: Bobtail insurance is ideal for trucks operated without trailers or commercial trucks to transport goods to and from locations.
• Physical Damage Policies: These policies can protect people from accidents while providing comprehensive and collision coverage.

If you’re a business owner living in greater Portland, Oregon, and want to protect your business assets as much as possible, contact Choice One Insurance Inc. We will work with you to find the best commercial insurance policies to protect your assets and investments today.

Review some commercial insurance products that are designed for business owners. Then, select the coverage types you need to protect your warehouse adequately.

Liability Protection

Liability protection covers you against accidents that occur in your place of business. This type of protection also provides relief if a customer sues you after purchasing a product or service.

Flood Protection

Flood insurance covers water damage caused by a flood and the cost of repairing or replacing materials. This type of insurance coverage is optional. It benefits those who operate a business in a region prone to flooding.

Theft and Vandalism

Theft and vandalism protection will replace items that are stolen or destroyed. If any items are stored inside a warehouse, theft and vandalism protection should be considered seriously. It can prevent monetary loss, allowing a business owner to continue operations as normal.

The Inspection

Before you purchase commercial insurance products, have your warehouse inspected. The inspection will unveil any issues that may necessitate additional protection.

Use your inspection report to guide you in choosing how much insurance coverage to purchase. The inspection should be a professional one that a licensed individual performs. Keep a copy of the results that the inspector provides you with.

An Inventory

Take an inventory of the equipment, products, and other valuable items stored in your warehouse. The number of items you own will likely influence the amount of commercial insurance needed.

Contact Choice One Insurance Inc.

Contact a Choice One Insurance Inc. representative for all your commercial insurance needs. One of our agents serving Clackamas and Portland, OR, can assist with any commercial insurance questions or concerns that have been troubling you. 

For businesses based in Portland, OR, cargo insurance is integral to their day-to-day activities. This is where Choice One Insurance Inc. steps in. We help local Portland businesses understand the importance of cargo insurance in their operations. Continue reading to discover more about the significance of cargo insurance for your business.

Consistent Provider Presence

In the event of any hitches, businesses need the reassurance that they are in capable hands and their insurance provider is readily available. With a cargo insurance policy, you’ll enjoy this peace of mind. Companies that don’t consider a provider’s consistent presence essential expose themselves to more challenging circumstances in the future.

Sufficient Coverage

If the cargo’s commercial invoice value is not covered, a business might have to bear the full value if issues arise. Is the policy under consideration littered with exclusions and caveats? If so, it might be a good idea to consider other options. The ideal policy should not only cover the apparent costs but also provide coverage for potential additional expenditures.

Limited Downtime

Businesses without cargo insurance are likely to encounter significant challenges when things go wrong. However, having a cargo insurance policy can speed up the claims process, allowing the business to remain operational. Without such a policy, businesses are left to navigate these complex situations alone.

If you have any more questions or concerns regarding a potential cargo insurance policy, the Choice One Insurance Inc. team is ready to assist. Portland, OR business owners are always welcome to give us a call or stop by our offices. We are ready to help whenever you’re ready to find out more.

Protect Your Small Truck Delivery Fleet in Portland, OR

Comprehensive coverage from Choice One Insurance Inc. can protect your fleet from collision-related accidents and non-collision-related events like theft, vandalism, and the aftermath left over from devastating natural disasters and powerful storms.  

#1. Get Comprehensive Coverage

The most foolproof way to protect your small truck delivery fleet from unexpected perils is to get comprehensive insurance coverage for small trucks and delivery vehicles.

#2. Implement Driver Training Programs

Implement driver training programs to help your drivers and employees reduce the number of collisions and mishaps that can happen along their delivery routes. 

#3. Develop Risk Management Protocols

Develop risk management protocols to add a layer of protection to your small truck delivery fleet. Protocols like route planning strategies to avoid high-risk areas, driver security measures, and monitoring local weather conditions can go a long way toward safeguarding your small truck fleet. 

#4. Update Policy Coverage 

Remember to revisit and update your policy coverage as your business scales and takes on new customers and employees. A trusted insurance agent can help you navigate the complexities of small truck delivery fleet insurance and choose the best options based on your current circumstances. 

#5. Protect Your Fleet with Advice from Trusted Professionals 

Please don’t wait until it’s too late to protect your small delivery fleet from unexpected perils. When in doubt – seek advice from trusted local insurance professionals – our team of insurance agents and experts can provide insurance advice and offer you a small truck delivery fleet insurance quote to help you get started. 

Contact the knowledgeable and friendly Choice One Insurance Inc. insurance agents in Portland, OR, to protect your small fleet today! 

When you have a business that employs anyone, it’s important to have the coverage of a workers’ compensation insurance policy. These policies are helpful both for you as a business owner and for the employee who works for you. No matter what the number of employees you have is, you’re safer with a workers’ comp policy. Even if this policy wasn’t so helpful, it’s also required for your business by the state. Oregon requires this coverage for any business with any employees, even if they are part-time. 

Protecting Your Business

If one of your employees were to have an accident while at work that included injuries, the result could be some very expensive medical bills. The same is true when an employee comes down with a work-related illness. In either of these cases, your business would likely be liable for paying all of the bills that come as a result of the accident or illness. That’s where workers’ comp insurance comes in. It pays for the medical bills and can even pay for the disability benefits to the employee in cases of serious injuries. A small business in Portland, OR without this coverage could face serious problems if they had to pay huge medical bills. 

Protecting Your Employees

Your employees also benefit from your business having this insurance. With this coverage, they will know that if an accident were to happen, they would be covered. The funds would be made available to pay for the medical bills, treatments, etc. This can give them peace of mind, especially when the business is a small one. This can take away some of their worry so that they perform better. 

Choice One Insurance Inc. Is Here To Help

When your business needs a workers’ comp or other commercial policy, contact us at Choice One Insurance Inc. in Portland, OR to get started. 

Commercial Insurance and LLCs have slight similarities as they are meant to protect investments and are meant for registered businesses. However, LLCs cover more of the personal side as it separates business from personal affairs. Commercial insurance protects the company by insuring workers, company assets, and investments. 

In Portland, OR and throughout the state, businesses that wish to become Limited Liability Companies should file through the Secretary of State to register their business for the Articles of Organization. From there, getting commercial insurance for additional coverage is a good idea. 

What Does an LLC Cover?

LLCs are registered through the state and offer an Employer Tax ID Number (EIN) for tax purposes that separate them from a Doing Business As (DBA) company. If the company undergoes the litigation process, only the company and the company’s assets are affected. The personal belongings of the business owner, such as home, private vehicle, and other personal belongings, are not affected, and the suing party cannot go after those items. 

What Does Commercial Insurance Cover?

Commercial insurance goes more in-depth when litigation becomes a factor. Workers are covered under Workers’ Comp for work-related injuries. Commercial insurance also covers buildings, facilities, and business vehicles during damage or natural disasters. If a business owner is DBA and not registered as an LLC or INC., personal belongings, and assets may get caught up in litigation.

Get In Touch with Choice One Insurance Inc. 

If you are in the Portland, OR area and have questions or concerns, we can offer commercial insurance for your business. Come and join one of our agents here at Choice One Insurance Inc. to find out more information and find out the benefits of our services. We will be happy to explain how commercial insurance can protect your business. 

Workers’ compensation insurance from Choice One Insurance Inc. is an important form of insurance coverage for employers. It helps protect employers in the Portland, OR area from financial losses in the event of an employee’s illness, injury, or death that occurs during the course of their employment. 

Why Workers’ Compensation?

Workers’ compensation insurance covers a variety of medical costs associated with work-related injuries and illnesses, including medical bills, lost wages, rehabilitation costs, and more. In some cases, it also offers benefits to surviving family members if an employee is killed in a work-related accident or incident. 

For employers, having workers’ compensation insurance provides peace of mind knowing that they are protected in the event of an employee’s injury or illness on the job. It also serves to encourage safe working conditions and practices within an organization as employers strive to avoid potentially costly workplace accidents and incidents. 

For employees, it is a source of comfort to know that your employer cares enough about your well-being to carry it. You can go to work each day and do your best work, knowing that your family will be covered in case an accident occurs. Employees are much more likely to want to work for a company that carries workers’ compensation insurance and then stick with them, than one that doesn’t. In a time of labor shortages, this can be an effective recruiting and retention tool for talent.

Ultimately, workers’ compensation insurance safeguards both employees and employers alike by ensuring that any financial losses due to workplace injuries or illnesses are covered appropriately.

Reach Out To Us

If you have additional questions about your coverage, give us a call at Choice One Insurance Inc. today. We proudly serve the Portland, OR area. 

Commercial drivers are at a higher risk for occupational accidents than many other professions. As a result, they are often required to have occupational accident insurance to protect themselves and their families in the event of an accident. There are a few different things that can affect whether or not a commercial driver is eligible for this type of insurance. Consult with Choice One Insurance Inc. in Portland, OR for expert insurance advice. 

Eligibility Requirements for Occupational Accident Insurance for Commercial Drivers:

1. The Driver Must Be Employed by a Company That Requires Insurance. 

For a commercial driver to be eligible for occupational accident insurance, their employer must require it. This is typically done to protect the company from liability in the event of an accident.

2. The Driver Must Be Driving a Commercial Vehicle.

 This type of insurance is designed specifically for accidents that occur while operating a commercial vehicle. As such, only drivers of these vehicles are eligible for the coverage.

3. The Driver Must Have a Valid License. 

To be eligible for occupational accident insurance, the driver must have a valid commercial driver’s license. This is necessary to ensure that the driver is properly trained and qualified to operate the vehicle.

4. The Driver Must be a U.S. citizen. 

This type of insurance is typically only available to drivers who are citizens of the United States. This is due to the fact that the coverage is regulated by federal law.

5. The Driver Must Meet the Minimum Age Requirement. 

Most insurers require that drivers be at least 21 years of age to be eligible for occupational accident insurance. This is because younger drivers are considered to be riskier and therefore more likely to be involved in an accident.

6. The Driver Must Have a Clean Driving Record. 

To qualify for this type of insurance, commercial drivers must have a clean driving record. This means that they should not have any accidents or violations on their record. Insurers typically check this by pulling the driver’s Motor Vehicle Report.

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These are the eight eligibility requirements for occupational accident insurance for commercial drivers. If you meet all of these requirements, then you should be able to get this type of coverage. Contact Choice One Insurance Inc. in Portland, OR today to get started. We can help you find the right policy for your needs and budget.