When you own a business in Oregon, there are certain types of commercial insurance that you may need. Two types are required for many types of businesses. Several non-mandatory insurance policies can help you protect your business. When you want to ensure that your business is following the law, you need to ensure you have the required policies in Colorado. You can call us at Oliver Insurance in Canby, OR to learn more.
Workers’ Compensation Coverage
When your Oregon business has employees, you’re required to have workers’ compensation insurance. This is required no matter how many employees there are. It’s also required whether the workers are part-time or full-time. This coverage will pay for the bills that result from a worker having an accident at work. It also covers workers who get an illness related to their work. The coverage pays the medical bills along with any therapy needed during recovery. It also covers disability benefits. Every business with employees needs to protect themselves with this coverage.
Commercial Auto Insurance
If your Oregon business owns any vehicle, you’re required by law to have a commercial auto policy for it. Several types of coverage have to be in these policies. One of these is bodily injury liability. One amount is required for one person injured and another for everyone injured in an accident. Then, there is an amount for property damage liability that’s required. In addition to these, coverage for uninsured motorists must be in these policies. And finally, there is a small amount of personal injury protection required. This will pay for your own medical bills after an accident.
Call Oliver Insurance for Commercial Insurance
Call us at Oliver Insurance in Canby, OR when you need commercial insurance in Oregon.