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Choice One Insurance, Inc

9111 SE St Helens St
Clackamas, OR 97015

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Why Your Business Needs Workers’ Compensation Insurance

When you have a business that employs anyone, it’s important to have the coverage of a workers’ compensation insurance policy. These policies are helpful both for you as a business owner and for the employee who works for you. No matter what the number of employees you have is, you’re safer with a workers’ comp policy. Even if this policy wasn’t so helpful, it’s also required for your business by the state. Oregon requires this coverage for any business with any employees, even if they are part-time. 

Protecting Your Business

If one of your employees were to have an accident while at work that included injuries, the result could be some very expensive medical bills. The same is true when an employee comes down with a work-related illness. In either of these cases, your business would likely be liable for paying all of the bills that come as a result of the accident or illness. That’s where workers’ comp insurance comes in. It pays for the medical bills and can even pay for the disability benefits to the employee in cases of serious injuries. A small business in Portland, OR without this coverage could face serious problems if they had to pay huge medical bills. 

Protecting Your Employees

Your employees also benefit from your business having this insurance. With this coverage, they will know that if an accident were to happen, they would be covered. The funds would be made available to pay for the medical bills, treatments, etc. This can give them peace of mind, especially when the business is a small one. This can take away some of their worry so that they perform better. 

Choice One Insurance Inc. Is Here To Help

When your business needs a workers’ comp or other commercial policy, contact us at Choice One Insurance Inc. in Portland, OR to get started. 

Commercial Insurance Vs. LLC

Commercial Insurance and LLCs have slight similarities as they are meant to protect investments and are meant for registered businesses. However, LLCs cover more of the personal side as it separates business from personal affairs. Commercial insurance protects the company by insuring workers, company assets, and investments. 

In Portland, OR and throughout the state, businesses that wish to become Limited Liability Companies should file through the Secretary of State to register their business for the Articles of Organization. From there, getting commercial insurance for additional coverage is a good idea. 

What Does an LLC Cover?

LLCs are registered through the state and offer an Employer Tax ID Number (EIN) for tax purposes that separate them from a Doing Business As (DBA) company. If the company undergoes the litigation process, only the company and the company’s assets are affected. The personal belongings of the business owner, such as home, private vehicle, and other personal belongings, are not affected, and the suing party cannot go after those items. 

What Does Commercial Insurance Cover?

Commercial insurance goes more in-depth when litigation becomes a factor. Workers are covered under Workers’ Comp for work-related injuries. Commercial insurance also covers buildings, facilities, and business vehicles during damage or natural disasters. If a business owner is DBA and not registered as an LLC or INC., personal belongings, and assets may get caught up in litigation.

Get In Touch with Choice One Insurance Inc. 

If you are in the Portland, OR area and have questions or concerns, we can offer commercial insurance for your business. Come and join one of our agents here at Choice One Insurance Inc. to find out more information and find out the benefits of our services. We will be happy to explain how commercial insurance can protect your business. 

What is workers compensation insurance?

Workers’ compensation insurance from Choice One Insurance Inc. is an important form of insurance coverage for employers. It helps protect employers in the Portland, OR area from financial losses in the event of an employee’s illness, injury, or death that occurs during the course of their employment. 

Why Workers’ Compensation?

Workers’ compensation insurance covers a variety of medical costs associated with work-related injuries and illnesses, including medical bills, lost wages, rehabilitation costs, and more. In some cases, it also offers benefits to surviving family members if an employee is killed in a work-related accident or incident. 

For employers, having workers’ compensation insurance provides peace of mind knowing that they are protected in the event of an employee’s injury or illness on the job. It also serves to encourage safe working conditions and practices within an organization as employers strive to avoid potentially costly workplace accidents and incidents. 

For employees, it is a source of comfort to know that your employer cares enough about your well-being to carry it. You can go to work each day and do your best work, knowing that your family will be covered in case an accident occurs. Employees are much more likely to want to work for a company that carries workers’ compensation insurance and then stick with them, than one that doesn’t. In a time of labor shortages, this can be an effective recruiting and retention tool for talent.

Ultimately, workers’ compensation insurance safeguards both employees and employers alike by ensuring that any financial losses due to workplace injuries or illnesses are covered appropriately.

Reach Out To Us

If you have additional questions about your coverage, give us a call at Choice One Insurance Inc. today. We proudly serve the Portland, OR area. 

Who Is Eligible For Occupational Accident Insurance For Commercial Drivers?

Commercial drivers are at a higher risk for occupational accidents than many other professions. As a result, they are often required to have occupational accident insurance to protect themselves and their families in the event of an accident. There are a few different things that can affect whether or not a commercial driver is eligible for this type of insurance. Consult with Choice One Insurance Inc. in Portland, OR for expert insurance advice. 

Eligibility Requirements for Occupational Accident Insurance for Commercial Drivers:

1. The Driver Must Be Employed by a Company That Requires Insurance. 

For a commercial driver to be eligible for occupational accident insurance, their employer must require it. This is typically done to protect the company from liability in the event of an accident.

2. The Driver Must Be Driving a Commercial Vehicle.

 This type of insurance is designed specifically for accidents that occur while operating a commercial vehicle. As such, only drivers of these vehicles are eligible for the coverage.

3. The Driver Must Have a Valid License. 

To be eligible for occupational accident insurance, the driver must have a valid commercial driver’s license. This is necessary to ensure that the driver is properly trained and qualified to operate the vehicle.

4. The Driver Must be a U.S. citizen. 

This type of insurance is typically only available to drivers who are citizens of the United States. This is due to the fact that the coverage is regulated by federal law.

5. The Driver Must Meet the Minimum Age Requirement. 

Most insurers require that drivers be at least 21 years of age to be eligible for occupational accident insurance. This is because younger drivers are considered to be riskier and therefore more likely to be involved in an accident.

6. The Driver Must Have a Clean Driving Record. 

To qualify for this type of insurance, commercial drivers must have a clean driving record. This means that they should not have any accidents or violations on their record. Insurers typically check this by pulling the driver’s Motor Vehicle Report.

Contact Us Today

These are the eight eligibility requirements for occupational accident insurance for commercial drivers. If you meet all of these requirements, then you should be able to get this type of coverage. Contact Choice One Insurance Inc. in Portland, OR today to get started. We can help you find the right policy for your needs and budget.

Are property insurance and commercial insurance the same thing?

If you have questions about how best to protect your Portland, OR area business, get in touch with Choice One Insurance, Inc. We are the commercial insurance specialists who are proud to serve our area. Contact our office today to schedule a consultation. We welcome the opportunity to work with you.

Are property insurance and commercial insurance the same thing?

Typically, commercial property insurance covers most risks like damage due to fire, theft, and natural disasters. The coverage is provided for building structures and equipment. This is a separate type of insurance from that provided by general liability policies. In most cases, companies will carry both of these types of insurance policies and possibly others too.

So, like so many other questions relating to insurance, the answer is a qualified yes. Basically, the two names are interchangeable, with most people saying commercial insurance or property insurance when they mean the same thing. Technically, commercial insurance can refer to many other types of coverage in addition to the property policies that are the most common. 

When it comes to protecting a business or commercial venture, having the right insurance in place is the priority. Specialized coverage needs often call for specialized policies. It is also important to remember that it is highly unlikely to obtain all of the necessary insurance protection a company needs through just one commercial insurance policy.  

Schedule an insurance consultation for your firm today

Choice One Insurance, Inc. is here for business owners and operators in the greater Portland, OR area. When you need your commercial insurance questions answered, we are here for you. Give our office a call today and set up an appointment to discuss the commercial insurance solutions that are available in our area.

4 Questions to Ask an Independent Agent About Commercial Insurance

Do you operate your own business? If you already do, or you’re about to start up a company, it’s crucial that you get just the right insurance to meet your needs. It will benefit you to speak to an agent from Choice One Insurance Inc. of the Portland, OR area to get answers to your questions about commercial insurance. 

Should I Definitely Get Commercial Insurance? 

This is an important question because not all companies require insurance or need it at the same level. If you’ve got property, and you want to protect the value of this in the event of damage or loss, business insurance is ideal.

What Types of Commercial Insurance Should I Have? 

Liability coverage is one of the basic types of policy that you should consider. Other types that would be worthwhile for your business include workers’ compensation, property insurance, commercial auto insurance, and business interruption coverage. 

How Can You Lower Your Premiums? 

Talk to your agent about how you’d be able to lower your premium amount. If your company already makes an effort to reduce risks, such as following fire safety and installing a security system, you’d likely be eligible to get discounts. 

What Are the Policy Limits?

Nearly all policies are going to have limits to them. It’s best that you know beforehand and understands what all the amounts mean. You need to know what to expect, including what your deductible is going to be for your policy. 

Talk to an expert on commercial insurance at Choice One Insurance Inc. of the Portland, OR area. You’ll be grateful that you did when you see how much you can benefit from having a dedicated insurance agent on your side. 

Required Commercial Insurance in Oregon

In Oregon, there are two types of commercial insurance that are required for businesses. Not every business meets the requirements for these insurance types. But if your business does, don’t go without this important coverage. To find out more about the commercial policies that are right for your business, call us now at Choice One Insurance Inc. in Portland, OR.

Workers’ Compensation

In Oregon, every employee of a business has to be covered by a workers’ compensation policy. It doesn’t matter whether the person is full-time or part-time- they must be covered. In the event that someone is injured on the job, or becomes ill there, your workers’ compensation insurance will cover their medical bills as well as any lost wages. This protects your business from having to pay the exorbitant bills that can result from accidents and illnesses. 

Commercial Auto Coverage

If your Oregon business owns a vehicle, state law decrees that it must have a commercial auto insurance policy. That policy must have at least the mandated minimum amount of coverage for bodily injury liability. That includes one amount for a single person who is injured and other amounts for everyone who had injuries from an accident. It is also required for the policy to have at least the minimum amount of property damage liability. Uninsured motorist coverage is also included, with one amount required for a single person being injured and another amount for all of the people who were injured. The law also requires that the policy have personal injury protection. This pays for your medical bills if you are in an accident. 

Get Commercial Coverage

If your business meets the requirements for either of these commercial insurance policies, don’t go without this valuable coverage. Stay legal by getting the required policies. To find out more, contact us at Choice One Insurance Inc. in Portland, OR.

Commercial Insurance Myths Pacific Northwest Business Owners Must Avoid While Researching Policies

Choice One Insurance Inc. serves the Portland, OR community, and the surrounding areas by offering residents multiple types of insurance coverage. We are committed to helping our clients find the insurance policies that will allow them to protect their assets.

Commercial Insurance Myths

Small business owners help stimulate the Portland, OR economy. As a small business owner, you must protect your investment. Commercial insurance covers you so that your business will continue operating smoothly. The policy covers your business in the event of a potential liability dispute regarding your employees or customers. You’ll also be protected if your equipment is stolen or vandalized. Commercial insurance will help minimize some of the risks involved with operating a business. While you are researching different policies, avoid some of these common commercial insurance myths.

I Don’t Need Coverage For My Vehicle.

Many businesses make the mistake of believing that they do not need to cover the vehicles that they use for business-related purposes because they have coverage through a traditional auto policy. A traditional auto insurance policy will not cover any vehicles that are used for your business. Commercial insurance is the only way to secure your business vehicles fully.

I Have A Small Business, So Workers Compensation Isn’t Necessary.

Even if you have a small business with only a few employees, workers’ compensation is an asset. The policy protects your business and your employees if they are injured on the job. Having workers’ compensation also helps you attract talented employees and establishes your business as credible throughout the industry.

My Umbrella Policy Covers Everything

This is incorrect. Your umbrella policy acts as a safety net, but you will still need commercial insurance to secure your business completely.

Choice One Insurance, Inc. Will Help You Protect Your Business

Contact our office today to learn more information about commercial insurance.

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