Why Do I Need Commercial Insurance for My Oregon Business?

If you are familiar with Albany, OR, then you know the city and its surrounding areas are a great place to start a business. The local economy and business sector thrive here, and businesses and their employees enjoy living and working in this region.

When starting or running a business, there are many things to consider in terms of protecting yourself and the financial investments you’ve made along the way.

One of the most substantial ways to protect your business is through commercial insurance; to protect your hard work, financial security, and those you hire along the way. Allen & Associates Insurance Inc. has years of experience assisting business owners with selecting the best commercial insurance, and we strongly advise you to pursue a commercial insurance plan if you haven’t yet.

If you have employees or assets, commercial insurance is essential to protecting the welfare of both. Regardless of if your business requires physical activity of its employees, accidents do happen while on the job, and you want to ensure your employees are protected and medically secure should something happen while at work. Employee protection is of the utmost importance in Oregon, and you can be heavily penalized and fined if you do not have insurance. 

If you raise capital or have investors involved in your business, they may require that you get commercial insurance so their financial security and investments are protected, too. If you rent a commercial space somewhere in Albany, OR, the landlord or owner may also require you to have insurance in the lease agreement. 

Allen & Associates Insurance Inc. understands the importance of maintaining commercial insurance for your business in Oregon. Reach out to us with any questions you have about protecting your business.