Business Insurance for San Luis Obispo Companies: A Coverage Checklist

Your people

If you have employees, review workers' compensation and whether owners or officers should be included or excluded. Consider employment practices liability if you have hiring and management activity.

• Workers' compensation — current class codes and payroll estimate
• Owner/officer inclusion or exclusion
• Employment practices liability for HR exposure

Your property

Review building and contents values, whether flood or earthquake applies to your location, and business income to cover ongoing expenses after a covered loss. Coastal property may warrant special attention to wind and flood.

• Commercial property or BOP — current replacement values
• Flood and earthquake — where the location warrants
• Business income and equipment breakdown

Your vehicles and operations

Review commercial auto for owned and hired vehicles, inland marine for equipment that travels, and general liability for premises and operations. Confirm any contractual limits and additional-insured requirements.

• Commercial auto — fleet and driver records
• Inland marine — scheduled tools and equipment
• General liability — limits and contract requirements

Your professional work

If your services involve advice or professional deliverables, review professional liability and its retroactive date. For boards or benefit plans, review D&O and fiduciary liability.