Commercial Insurance in Oregon

Being an owner or manager of a company in the Clackamas, OR area is a vital role that comes with many decisions that need to be made regularly. One decision that you will have to make from time to time will come when you need to evaluate your insurance needs as a business owner or manager. There is a wide range of factors that need to be considered when building your insurance plan for your business.

Liability Risks

One factor that you need to think about while building your business is your liability risk. Anyone that is going to own a business will take on liability risk regularly. If you are sued for liability, the settlement or judgment costs could be significant. Fortunately, you can mitigate these risks with commercial insurance as it will include a provision for liability insurance.

Asset Coverage

As a business owner, it is also essential that you consider all of your business assets and the investment you made to acquire them. Losing these assets could be devastating, and you should find ways to mitigate the risks associated with theft, vandalism, and other forms of damage. With commercial insurance, you can offset this risk.

Compliance

It would help if you also considered your business insurance needs as it could be required for your business to carry. Those that are in Oregon often have insurance requirements set forth by lenders, investors, and landlords. Further, your business could be subject to workers' compensation insurance rules.

If you are looking to insure your business in the Clackamas, OR area, it would be a good idea to call Choice One Insurance Inc. The team at Choice One Insurance Inc. can give you the guidance you need to understand your options and choose a policy. This will help to ensure that your organization stays properly covered by a full insurance policy at all times.