If you own or operate a small business in Las Vegas, you know just how expensive the premiums can be. You need to insure your small business in case something happens. But just because it's costly doesn't mean you have to break the bank to get adequate protection. There are affordable options out there for the small businessman. Here are some of them:
General Liability Insurance Most small businesses have general liability coverage that protects against lawsuits, accidents and property damage. While not mandatory, this coverage is highly recommended for any business that regularly serves customers in or around the city. In addition to the legal expenses and lost wages, you may be ordered to pay medical and rehabilitation fees for the injured or dead persons. Your business can be sued for anything from a slip and fall accident to customer injury. It can also be held liable for damages resulting from products sold or services rendered by your business. If you're a small business owner in las Vegas, modified comparative negligence laws might protect you from many of these claims.
Workers' Compensation Insurance Another important option for businesses in las Vegas is workers' compensation insurance coverage. This protects you and your employees from being injured on the job. If an employee is injured on the job, workers' compensation insurance helps cover their medical expenses and lost wages. The amount of the insurance coverage is based on the state laws, but the basic idea is that the more your employees are compensated for injuries on the job, the less your business will be responsible if an employee is injured on the job.
Commercial Insurance Some of the more common types of commercial insurance needs in las Vegas are property insurance needs and liability insurance needs. Property insurance needs protecting your investment. For example, if a customer becomes sick or suffers an injury while in your building, you could be held liable. Liability insurance needs are very common for restaurants and for people who operate retail stores. With liability insurance your small businesses may be held responsible for the medical bills of someone who slips, falls, or has an accident while on your property.
General Liability Insurance Also provided by a BL provider in las Vegas is general liability insurance for small businesses in the city. This protects you against lawsuits, as well as losses due to property damage or medical expenses. Gambling facilities are also required to have this type of policy to protect their gambling equipment and other property. It is often considered the "bread and butter" of any small business in the city.
Workers' Compensation Insurance Your small business in las Vegas may be eligible for workers compensation insurance. If you have employees who are covered by a workers' compensation program in the state of Nevada, you will need to purchase workers compensation insurance. These policies cover workers that have been injured or killed on the job.
Modified Comparative Negligence The city of las Vegas is home to many unique and interesting attractions. One such attraction is the Lady Gaga, which draws many people from all over the world. However, there are some individuals who are injured on the site each year, and it is not uncommon for them to file lawsuits against the venue or the Lady Gaga. If you belong to las Vegas businesses that have guests who visit the Lady Gaga regularly, it may be wise to purchase commercial liability insurance rates in order to protect your small business.
The prices of commercial auto insurance in las Vegas fluctuates each day. Small entrepreneurs should shop around for the best rate available in their area. Because Las Vegas offers so much excitement and promise for your business, there are many different insurers to choose from. These businesses should review quotes and compare rates with several different companies in order to find the best commercial auto insurance in las Vegas that will meet their needs.
