ALL California employers must provide coverage for their California employees
Business Owners Insurance Policy in California (BOP)
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It can be quite expensive to own a business in California. Let the best business insurance company in California build you a custom Business Owners Policy (BOP) that can consolidate a variety of coverage for a much lower premium than if they were to be purchased individually. A Business Owners Policy in California generally protects your small to mid-size company by combining property, general liability, and business interruption coverage to protect the everyday operations of your business.
Whether you need liability coverage to occupy an office space or to protect your business from claims and lawsuits, BOP’s are a great way to obtain this and any additional coverage which are listed below. If you’re looking for Business Owners Policy Insurance average cost in California, contact us for a custom quote.
We’re confident our experienced agents can provide the best options for your Business Owners Policy in California. We are not an agency bound to one carrier; we are a brokerage built to provide the best options the California insurance market has to offer. The key to finding and choosing the right Business Owners Policy is simply having all the options to choose from.
If you are a new business looking to invest in your first Business Owners Policy in California, a small to mid-size business looking for savings, or if you are looking for additional services regarding your California business owners policy, then JVRC insurance is your solution.
A Business Owners Policy can provide the following coverage:
- General Liability
- Commercial Property
- Crime Insurance
- Inland Marine (movable property)
- Employee Benefits
- Commercial Auto
- Business Interruption – Loss of Income
- And Much More!
Contact Us for Your Business Owner Policy In California
Contact us for your personalized quote for Business Owners Insurance Policy in California today!
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Frequently Asked Questions about Business Insurance
Why is California Workers Comp Insurance so expensive?
Largely because of claims that occur, experience modifications, fraud and payroll amounts statewide
Where do we get the information we post on our blog site?
The Department of Insurance website, The WCIRB, The Insurance Journal and many other trusted sources
What is an experience modification?
It’s a percentage that compares the payroll and loss history of your company to a similar-sized company within the same industry. For example, if a company has a better than average loss record, their experience modification would be less than 100%. If that is the case you would receive a credit on your Workers Comp rates. If that is not the case however it would result in the opposite, an increase in rates. The experience modification can be closely compared to an individual’s credit score.
Why is Workers Compensation Insurance a necessary requirement?
It is illegal in the state of California to not carry it. There will be penalties, fines and many other consequences if a worker is injured and you do not carry it. Furthermore if there is a claim and you do not have California Workers Compensation Insurance at the time the employer is still liable for all costs relating to the injury which can be devastating to any company.
How does your insurance carrier determine what your experience modification number is?
This is calculated based on your payroll, premium paid and by your reported losses for the last three consecutive years
Who regulates and makes California Workers Compensation laws?
The Department of Insurance regulates the laws and the State Senate makes them
What is a Classification or a class code?
It’s a component used determine the price an employer pays for their workers’ comp insurance premium. Classifications are established for each industry and typically include all jobs or operations within a particular business.