Thornton Business Insurance

Your Complete Guide to Thornton, CO, Business Insurance

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Thornton Colorado business insurance

Thornton, CO, is known for its over 2,000 acres of recreation and open spaces. This city is community-driven and full of activities. From golf to hiking, Thornton is booming. With over 136,978 residents, there are a lot of people who agree. If you're one of the 630,113 small business owners in Colorado, you'll need coverage. You can get the best business insurance policy and rates in town through an independent insurance agent. You can connect with a local adviser within your area in minutes. 

How Employee Benefits in Thornton, CO, Can Help

With 1,059,196 people in Colorado employed by small businesses, you'll need to add value where you can. Employee benefits are a great option to show your staff you care. It will help pay for a variety of insurance policies. 

Employee benefits can contribute to the cost of health insurance and more. A trusted adviser can help you come up with a plan that works. Talk with a Thornton independent agent for package ideas.

Is Workers' Compensation Insurance Required in Thornton, CO?

Thornton, CO, requires every employer with one or more employees to carry workers' compensation insurance. Workers' compensation will pay for the medical expenses and lost wages of an employee injured on the job. If you want to avoid penalties or worse, get a professional.

Workers' compensation coverage will help you control your bottom line when a team member is hurt. To navigate the ins and outs of state-mandated coverage, an adviser can help. A Thornton independent agent will walk you through policy options.

Thornton, CO, Liability Coverage and Your Operation

If you're looking to have insurance cover every claim that could arise for your operation, you'll need an experienced set of eyes to review. In 2019 there were $8,800,495,000 in commercial claims paid in Colorado. To get the right liability protection for your company, find a professional. Speak with an independent agent about the following liability insurances:

General liability insurance: GL insurance is the primary policy for your operation. It will protect against several lawsuits arising out of bodily injury or property damage. Review your coverage with a Thornton independent agent.

Cyber liability insurance: Cyber liability insurance is a separate policy that protects your business from a cyberattack. When a client's or employee's data is stolen, a cyber policy will cover the damage. Speak with a Thornton independent agent for quotes.

Business interruption insurance: Business interruption insurance will keep your business open when a catastrophe closes your doors. This coverage can be added to your GL insurance and usually lasts 12 to 24 months. Contact an independent agent for details.

Is Your Thornton, CO, Commercial Property Covered?

Commercial insurance can be customized to your specific needs and assets. Were you aware that many commercial property policies on the market only insure up to 80% of the building's value? That makes you responsible for the first 20% of a loss. To get the right insurance, speak with an agent on the following items concerning your building:

  • Prior property claims
  • Operations that occupy the property
  • Protective devices in place
  • Year built and structural makeup 
  • Total square footage
  • Market value and replacement cost

Common Property Risks in Thornton:

  1. Wildfires and residential fires
  2. Flooding and water damage
  3. Severe storms and lightning damage
  4. Heavy snow
  5. Burglary and other property crimes

Does Your Thornton Commercial Property Have Flood Insurance?

Contrary to popular belief, your commercial property policy will not cover flood damage. If you want protection against a flood, you'll need separate insurance. Speak with a Thornton independent agent for quotes.

How to Get a Thornton, CO, Independent Insurance Agent

Your company's coverage is essential to your success. One loss could wipe you out without the right policy. An independent insurance agent can help you find protection for an affordable price. Since they work with multiple carriers, you'll have options. When you're tired of shopping for insurance on your own, get a professional. Connect with one of local experts on TrustedChoice.com.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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