Second Western Insurance FAQs

Have an insurance-related question? We have the answer! Check out our FAQs below to learn more about our company and services.

What are the advantages of using an agent to purchase insurance?

Using an agent for your insurance needs will make the process much easier. Many times, agents work with more than 1 insurance carrier to provide multiple products and services for their clients. Some of the largest insurance carriers will not do business with consumers directly, but rather go through the agency channel to provide service. Along with access to exclusive markets, agents can also take most of the burden off your shoulders. Instead of making an average of 17+ calls to different insurance carriers, have 1 phone call with an agent and let them do the shopping for you! We specialize in insurance for all businesses, including contractors insurance in Los Angeles, CA. Contact us for a free coverage review. 

Why do I need to buy business insurance?

A business needs insurance to protect itself from loss depending on its operations. According to a study by Insureon, 75% of U.S. businesses are underinsured, and 40% of small business owners have no insurance at all. A business's exposure arises from operations that they are liable for. More simply, what does their business do that could cause damage or harm?  Essentially any interaction with the public or business entity has an exposure, even it is minimal. For instance, an electrical contractor is responsible if he connects a few wrong wires and starts a home fire. Or a salon might suffer a slip and fall loss because a client tripped over a cord to a hairdryer and broke their arm. Without proper salon insurance in Los Angeles, CA, the business could suffer major financial losses. Although instances like these are rare, they are realistic and can be dramatic. 

What is the difference between general liability and professional liability?

A general liability policy is 3rd party liability for bodily injury and property damage. This will cover your business for damage you can cause to the general public during your normal business operations, and also includes slip and fall coverage if the business has any kind of premises. For example, this would be included in mechanic insurance in Los Angeles, CA if the shop has a waiting area for customers.  Many times landlords require this at a minimum for a tenant to be eligible to move into a unit. A professional liability policy offers coverage for businesses that offer professional advice, guidance, or counsel. Examples would be insurance agents, real estate brokers, and medical professionals, to name a few. If a doctor gives too much of a certain medication, or an insurance agent leaves out key business information when getting quotes, these can all lead to professional losses. 

How is a business owner's policy (BOP) different from a general liability policy?

While a general liability policy gives you a liability to cover your operations and premises, a business owner's policy will provide an abundance of coverages that can be quite helpful to small businesses. Some examples are coverage for your business personal property, business income interruption, fire department surcharge, sewer or drain back up, employee dishonesty/theft, and many more. All of these, combined with the benefits of general liability, make BOP's a great option for small business owners from all different industries. Surprisingly, these policies aren't expensive. They can be as low as $500 for the year! If you'd like to add a BOP to your contractor's insurance in Los Angeles, CA, contact us today!

What is covered on a commercial general liability policy?

A commercial general liability policy (or CGL for short) is a policy that protects a business during its operations from damage that it can cause. Included in that coverage are property damage and bodily injury to others.  This liability will also extend protection if the insured has a premise such as a salon or mechanic shop for slip and fall coverage. So if your business needs insurance, including salon insurance Los Angeles, CA relies on, get in touch with us today.