Hoover Agency

Business Insurance

Hoover Insurance Services is where you can insure your business and get the best coverage at the lowest rate!

Why Commercial Business Insurance?

Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the business owners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.

The business Insurance of your choice!

Call Now (818) 370-6085

Do I need general liability insurance to run a contracting business?

The short answer: stuff happens. California is no different than any other state where that’s concerned. Stuff happens. Stuff you didn’t anticipate. Stuff that can end up costing someone a lot of money, and you don’t want that someone to be you. General liability insurance is a solution.

Deductibles: How much and for what?

The rule of thumb with most insurance is: the higher the deductible, the lower the premium. In other words, you take on the risk of paying more out of your own pocket later for lower premium payments now. Unfortunately, most people worry more about current expenses than about something that might happen sometime in the future, or not at all. The question for contractors is, how much could you afford to pay out of pocket if you had to pay it tomorrow? If the answer is $5,000, you don’t want your general liability insurance policy to have a $10,000 deductible. California contractors can choose to have the same deductible for bodily injury as for property damage, or have a higher deductible for one than for the other.

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