Monthly Archives: November 2020

Why should I get workers comp insurance?

A Lakewood, CO business owner could find that the strong local economy makes it a great place to own or manage a company of any size. If you are going to own a business here, you need to make sure that you get all of the right insurance for your company. One important form of coverage that your business needs to have is the worker’s comp insurance. There are several reasons you should get this type of coverage.

Provides Protection for Employees

The employees of any company are an extremely valuable asset. Due to this, you will want to make sure that they are covered and protected. With a worker’s comp insurance policy, you can be assured that they will be covered if they suffer an injury while working. This ultimately helps to protect the business as well as it can reduce the company’s out of pocket liability for these situations. 

Legal Requirement

Another reason that you should get workers comp insurance for your business is that it could be a legal requirement. If you have a certain amount of employees in this state, you need to provide this coverage to your employees. Those that do not have this coverage for their company, could face serious penalization. 

If you would like to own a business in the Lakewood, CO area, and are considering your insurance needs, adding workers comp insurance is very important. When you are looking for this insurance for your business here, you should call Colling Insurance Services Inc. The team at Colling Insurance Services Inc. can give you the guidance that you need to build and choose a policy. This could help to ensure that your business is in compliance with all regulations and that you are providing valuable coverage to your team. 

What Is Commercial Insurance in Lakewood?

Commercial insurance is a fairly general term that business owners would be forgiven for getting confused. If you live in Lakewood, CO, Colling Insurance Services Inc. has a few general tips for understanding what this is and how to works to protect you, your employees, your customers, and your livelihood. 

What Is Commercial Insurance?

This type of insurance is one that’s specifically designed for business owners to cover any number of events that might occur. Like any insurance policy, it can be customized to fit your needs. So if you have employees, it might cover compensation if they’re injured on the job. If you’re a customer-facing business, it might cover you if someone were to slip and fall on the premises. 

How Do I Get Commercial Insurance?

Getting commercial insurance starts with understanding what you need from a policy. So if you happen to be located in a part of Lakewood, CO that’s more prone to flooding, you may want to tailor your coverage to ensure that you can repair your facility and replace any damaged inventory. If you’re working with highly litigious people, then you might want to increase your liability limits so that you’ll be able to handle a potential suit that comes your way. 

Who Can I Trust?

Colling Insurance Services Inc. is here to help you get what you’re looking for, regardless of whether you’re just starting out or you’re an established presence in the community. It’s not easy to navigate the many decisions of owning a commercial enterprise, but we know what to ask and how to go about structuring a policy that will be there for you through thick and thin. If you’re looking for a staff that can do the same, give us a call today.