Monthly Archives: February 2023

Why is Commercial Property Insurance Important?

Commercial property insurance is not a legal requirement in the Lakewood CO area, but many people will purchase it to protect their interests. In addition, your lender will usually require you to indemnify your building in the event that you carry a balance. 

Commercial property insurance is a type of coverage that you can get even if you do not own your building, as businesses who lease or work from home can also purchase a policy. 

Your insurance will usually cover the various buildings that exist on your property. This can include sheds or workshops or storage facilities. A great deal of investment goes into the resources you use to manufacture your goods, and these can be susceptible to damage that occurs from heavy winds that affect your buildings and cause water damage from rain. 

You may also encounter a fire due to electrical surges or other causes that can raze your building and all your inventory to the ground. When your income is affected in this way, your insurance can actually help to cover a temporary loss of revenue. Speak to your knowledgeable Colling Insurance Services Inc. representative for more details about this benefit .

Additionally, your structure is indemnified against common perils that could occur, and these will often include repairs that are needed due to storms or fire. Your equipment and tools can also be included in this coverage, and your furniture and fixtures should be a part of this as well. 

We Can Help You

Colling Insurance Services Inc. helps entrepreneurs and business owners obtain the insurance products and services they need. Reach out to us by phone, online, or in person to discuss your situation further, and we serve those doing business in and around the Lakewood CO area. 

What Does Workers’ Compensation Cover?

If you’re a business owner looking into your company’s various protections, you may wonder what workers’ compensation covers. We at Colling Insurance Services Inc. serve the Lakewood, CO area and are experts in this type of insurance. Call our office today with any of your questions or concerns at 303-987-3331.

What is Workers’ Compensation?

Workers’ compensation is employers’ insurance if their employees get hurt on the job. It can also provide workplace sickness benefits. Each state has different rules governing workers’ compensation coverage, and talking with a professional insurance agent can save you time and frustration in finding the right coverage for your business.

What does Workers’ Compensation Cover?

If there is a workplace-related illness or injury, your benefits for workers’ compensation insurance can help cover the following:

  • Lost Wages for the Employee
  • Funeral Costs
  • Ongoing Healthcare Costs
  • Medical Expenses
  • Repetitive Injuries
  • Illness or Sickness
  • Permanent or Temporary Disability

These benefits are only for things that happen on the company’s property and don’t cover the employee if they get injured or sick outside the workspace. Coverage may also not be extended should the worker be under the influence of drugs or alcohol at the time of injury. Another way the coverage may not be extended is if the employee injured themselves intentionally. Talk with a representative about everything that is and isn’t covered and how it will affect your business.

If you’re ready to look into your workers’ compensation options or other forms of insurance to protect your business, call our office, Colling Insurance Services Inc., today at 303-987-3331. We serve the Lakewood, CO area and are here for you.