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Portland, OR 97239

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Do small businesses need commercial insurance and commercial vehicle insurance?

Owning a small business requires balancing risks and rewards, and one way to reduce risk is to ensure your company is adequately insured. Unfortunately, some small business owners take a risk by incorrectly relying on their personal insurance coverage while using vehicles for business purposes. To avoid this and other commercial insurance mistakes, allow the Einstein Insurance team, serving the greater Portland, OR community, to create a commercial insurance plan, including commercial vehicle insurance, to meet your business’s needs.

Commercial Versus Commercial Vehicle Insurance

Commercial insurance protects firms of many shapes and sizes because businesses vary by industry, number of employees, and whether they use motor vehicles in conducting business. Prudent business owners recognize the need for Workers’ Compensation, General Liability, Commercial Property, and similar commercial insurance coverage but sometimes do not address their vehicle usage, believing their personal insurance policy provides coverage when using a personal vehicle for business purposes. However, only commercial vehicle policies cover vehicles:

-Used to transport goods, tools, or people for work-related purposes

-Owned by the company or driven for work purposes

This failure to acquire the correct coverage is especially problematic if employees use personal vehicles for work purposes.

Regardless of your business, take the time to think about your vehicle usage and consider talking with your agent to ensure you fully protect yourself, your employees, and your business. Don’t take the chance to learn after an accident that your personal policy did not provide adequate protection.

Working with Einstein Insurance

Einstein Insurance proudly serves the personal and business communities in the Portland, OR area. Let us help you build an insurance plan to protect your business and livelihood. Drop by or call us today to review your needs and options.

Does commercial insurance cover cyber attacks?

You’ve probably heard a lot about cyber attacks on the news lately. You may be wondering if your commercial insurance policy covers you in the event of a cyber attack in Portland OR. The answer is maybe. It depends on the type of policy you have and the specific details of the attack. Einstein Insurance in Portland, OR is here to provide you with a guide on this important coverage. 

Basic Commercial Insurance Policies

Most basic commercial insurance policies will not cover you in the event of a cyber attack. This is because cyber attacks are generally considered to be an "act of war" and are not covered under standard insurance policies. However, there are some exceptions. For example, if a hacker accesses your computer system and steals customer data, that would be covered under most commercial insurance policies since it is considered to be theft.

CyberSecurity Insurance Policies

To be fully protected in the event of a cyber-attack, you will need to purchase a separate cybersecurity insurance policy. These policies are designed to protect businesses from financial losses resulting from a data breach or other types of cyber attacks. Cybersecurity insurance policies can be customized to meet the specific needs of your business, so it’s important to work with an experienced agent to determine what coverage is right for you.

Contact Us Today

No one likes thinking about the possibility of their business being attacked by hackers, but it’s important to be prepared. Most basic commercial insurance policies do not cover acts of war, like cyber attacks, but there are some exceptions. The best way to protect your business is to purchase a separate cybersecurity insurance policy. Contact Einstein Insurance in Portland, OR today to determine what coverage is right for you and your business.

This is How Commercial Insurance Protects Your Business

When you start a business in Portland, OR, you have to be ready to contend with numerous risks surrounding your business. It could be an injured employee, contractual disagreement, theft, and so on. Whichever the case, business insurance from Einstein Insurance ensures that you run your business smoothly without worrying about risks that can tumble your business. 

Still not sure if commercial insurance is a worthwhile investment for you? Here is how this coverage protects your business.

Liability protection

Business insurance can save the day in case of a liability claim. For instance, if a customer slips while on your business premises, commercial insurance covers the ensuing liability claims, including the medical and legal costs. Besides, commercial insurance shields your business against property damage and advertising injury liability claims.

Protects your assets

Business insurance keeps your business running even after a disaster. It covers your building and other assets when the unthinkable happens. This way, you don’t have to start from scratch when disasters strike. 

Protects your employees

While buildings and equipment are essential, your most valuable asset is your employees. With this in mind, you should protect your workers against illnesses and injuries sustained in the workplace. This way, you improve productivity and save your business financial losses.

It keeps you in compliance with the law

Business owners in Oregon are required to purchase worker’s comp insurance and commercial auto insurance. If you run your business without these coverages, you could face numerous civil and criminal penalties. 

Buy commercial insurance in Portland, OR

No business is similar to the other. For this reason, at Einstein Insurance, we don’t provide a one-size-fits-all commercial insurance policy for businesses. Instead, we tailor-make business insurance to meet your unique business needs. Contact us today for an affordable quote.

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