Business Insurance Bad Luck Cases 1 And 2 (Gold River, CA)

What insurance does a small business actually need? Much of a business's success depends on how well it can overcome obstacles. Our agency is here to help guide you through the perils that you likely don't anticipate.

Acme Inc. reduced insurance coverage to save money during a tight cash flow period only to be hit by multiple incidents that put the entire business at risk.

Case #1: Members of the Acme Inc team had been working hard to finalize a sales proposal that was to be presented the following day. Upon completion, they were annoyed to see that the printer was out of ink again. In an attempt to save the day, Julie and Colleen hopped into Julie's car to rush to an office supply store for new cartridges. In her haste, Julie hit another car while she was texting her husband that she'd be home a little late. The other driver and passengers were injured and their car was totaled. The lawsuit that followed targeted Acme because Julie was acting on behalf of the company when the accident occurred. The hefty legal and judgment costs would have been covered by hired and non-owned auto liability insurance up to purchased policy limits.

Case #2:

During litigation, it was found that Colleen was misclassified as a 1099 contractor instead of an employee. After a car accident, workers' compensation covered Julie (an employee) but not Colleen, who was seriously injured. The state ruled misclassification, resulting in penalties for Acme, along with covering Colleen's medical costs and lawsuit damages.

Overwhelmed? No worries, we'll guide you through the types of policies that best fit your specific business and what limits make the most sense for each.

We'd be happy to review your insurance needs with you! Give us a call at (916) 852-2060 or visit www.qualitycoverageinc.com.