Commercial Insurance in Oklahoma: How Does It Help?
Whether you have a small business or a larger one, if you’re a business owner, then you should know that the right types of business insurance are vital. How does commercial insurance help businesses of all sizes in Oklahoma? The simple answer is that commercial insurance in Oklahoma helps protect business owners like you from unexpected losses or lawsuits.
Our Insurance Options
Hopewell’s Business Insurance Coverage Products
Looking for an insurance company that takes good care of you? Hopewell Risk Advisors is independently owned and proud to be insuring small businesses in Oklahoma. Forrest believes in helping Oklahoma City find the professional liability, errors and omissions, general liability, or small business insurance that works for them, with an insurance quote within your budget. His objective is to find every discount available due to rising insurance costs, including bundling your policies, to maximize both savings and proper coverage with the right types of business insurance.
Need a different type of coverage? We probably offer it. Just ask – as Oklahoma independent insurance agents who are also small business owners, we’re here to help.
Commercial Property
Commercial property insurance covers your physical assets from instances such as fire, theft, vandalism, and other acts of nature. This is a common policy if you’re leasing space.
General Liability
General liability insurance covers you from losses such as employee injury, fire, theft, or other property damage. This is the most basic form of commercial insurance but is an important policy to carry as a business owner.
Workers’ Compensation
Workers’ compensation insurance covers an employee's injury while on the job, including lost wages and medical bills. Many states legally require employers to carry this insurance.
"I changed from my previous insurance agency to Hopewell. Forrest took the time to search for insurance plans that would give me the same coverage, but at a much lower price. He is always responsive when I have questions or concerns. I have recommended him to all my friends!"
Connie
Additional Coverage
Speciality Insurance Products: Are They for You?
Specialty insurance coverages are types of business insurances created to protect certain companies regardless of size. This may need work from home coverage, liquor liability coverage, or even professional liability coverages.
Business Owner’s Policies (BOPs) are policies that typically include general liability coverage and property insurance coverage bundled together. This is the most basic form of commercial insurance, and are often bundled together, saving the small or medium-sized business on insurance costs. This is particularly helpful if you are planning to rent or lease space and the owner or realtor requires one or both of these policies.
When you work from home, do you think that your homeowners’ or renters’ insurance is all you need? It turns out that most of those policies will not pay out for business-related losses. Work from home coverage is a type of business insurance that will help cover any loss that you may experience in your home office.
Does your business handle liquor? If you do, you may need to carry liquor liability insurance, which covers the business in the event of bodily injury or property damage caused by a customer after being served alcohol at the establishment.
Directors and Officers Insurance, also called errors and omissions insurance, is insurance that can cover several things if the directors or officers of your business make a mistake, known as a wrongful act, that is covered by the insurance. For example, it may cover defense costs, and a settlement amount.
Product liability insurance covers your business if your product causes damage or injury to a consumer or other third party. Manufacturing, misuse, and even marketing can cause injuries to consumers. In some Oklahoma general liability policies, product liability is included. With other liability policies from Oklahoma commercial insurance companies, product liability insurance is its own policy.
Commercial automobile insurance covers any vehicle used for your business, even personal vehicles being used for business-related reasons. This insurance covers bodily injuries, property damage, or expenses incurred during an accident while on or traveling for the job. This is an important policy to have. It’s also important to find the right commercial auto insurer to suit your small business needs and your budget.
Professional liability insurance covers any individual or company that offers professional advice to clients. This coverage protects you and your business in the event that a client files a lawsuit against you for advice that you have given them.
How can bundling help me save on insurance costs?
When you are shopping for insurance, bundling can save you more than you think, especially if we’re talking about small business insurance policies you need to purchase, anyway. By creating a tailored set of policies, you can build the coverage you need, at the price point that works for you. Whether it’s umbrella policies along with a business owner policy, work from home policy, or bundling commercial with personal, Hopewell can help.
Let Hopewell Get You Covered
Being an insured business owner in Oklahoma is easier than ever. But getting insured can seem like a tedious job. If simpler and better insurance is something you are after, contact Hopewell Risk Advisors now, and let us get you insured! Start your insurance quote now.