The Facts About Oregon Commercial Insurance

Located on the west coast, Oregon State exports goods worth billions every year. That, coupled with the low tax rate in the state creates a favorable environment for business growth. No matter what kind of business you run, there are several risks it faces every single day. And, considering that we live in a litigious society, a simple lawsuit could render your business bankrupt. That’s why you need to have commercial insurance with Molina Insurance Group Inc. to protect yourself and your business against unexpected financial losses.

Commercial insurance isn’t mandatory in Oregon, except in a few situations. If you have one or more employees, you must have workers compensation coverage, and for company-owned vehicles, you must have commercial auto coverage. Commercial insurance will give you the peace of mind you need to concentrate on the business. Coverage options include:

General liability

General liability coverage protects your business against financial losses that may arise from third party injury and property damage claims against you or your employees. This covers bodily injury, legal defense costs, property damage, and personal injury.

Property

Property coverage protects your business property, including the building and contents such as inventory, additional structures, equipment, etc.

Commercial auto

Commercial auto coverage protects your business in the event of an accident caused by company-owned vehicles. This coverage can include all the coverage options found in standard auto insurance such as liability, collision, uninsured, and comprehensive coverage.

Workers’ compensation

Should your employees suffer work-related illnesses or injuries, workers compensation will cover related costs. This includes medical expenses, loss of income, and can also compensate beneficiaries should these injuries/illnesses cause deaths.

At Molina Insurance Group Inc., we focus on helping your business to grow. We understand that every business is different; therefore, our commercial insurance policies are customized to fit every Oregon business needs regardless of industry and size. Contact us to get a quote or if you have any questions.