Insurance for Small Business Owners in Arizona

Commercial Auto Insurance.
Arizona mandates automobile coverage, and for businesses, this means carrying minimum benefit amounts for bodily injury liability ($25,000 per person/$50,000 per accident) and for property damage liability ($15,000 per accident). 
 

Workers’ Compensation Insurance.
In Arizona, Workers’ Compensation insurance is a state requirement for businesses, and they must cover both full-and part-time employees. Typically this coverage extends to medical expenses related to employee injuries or illnesses that occur on-the-job.

Small Business Owner’s Insurance.
A Business Owner’s Policy (or BOP) provides value to small businesses in Arizona by combining property insurance and general liability insurance into a cost-effective coverage package. The liability coverage typically extends to injury claims made by customers, and the property coverage extends to building, machinery, and personal property damage.

General Liability Insurance.
Many commercial leases in Arizona require that business owners purchase this standard type of policy. A general liability policy covers customer injuries that occur at your business, damage to customer property, and slander or libel lawsuits. General liability insurance policies are concerned with third-party incidents, injuries, and damage. 

Professional Liability Insurance.
General liability coverage can protect Arizona small businesses from the financial burden of paying costly customer injury and property damage claims, as well as slander and libel lawsuits. Also, commercial property leases may require this type of coverage.

Cyber Liability Insurance.
Should your small business experience a data breach, like a stolen hard drive with personal information about your customers or a system hack, cyber liability coverage can help cover customer notification, fraud monitoring, and associated legal costs stemming from such an occurrence.