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Small Business Insurance in Burbank, Valley Village, and Toluca Lake, CA

Your small businesses needs many types of coverage in order to adequately secure itself against losses in the event of certain common business casualties. Common elements of small business insurance include:

  • General Liability Insurance: This policy covers a business against claims arising from problems like libel, slander, medical expenses, property damage, medical expenses, and the cost of defending against a lawsuit.
  • Product Liability Insurance: If you deal with a product - whether it's manufacturing, retailing, wholesaling, or just distributing it - you may be responsible for keeping it (and people in the area around it) safe. The amount required depends mainly on the products involved - the larger and/or heavier the products are, the more coverage is needed.
  • Professional Liability Insurance: Similarly, if you provide any kind of professional service, you may need coverage for errors, malpractice, and negligence. Some companies are required to have this type of coverage (especially, though not exclusively, those in the medical field).
  • Commercial Property Insurance: If your small business owns any kind of physical property (an office, a retail store, a warehouse, etc.), this coverage insures it against a wide variety of natural and man-made forms of damage. If your business is particularly vulnerable to a certain type of damage (flooding, vandalism, etc.), you may need additional coverage for that specific problem.
  • Home-Based Insurance: If you're running a business from your home, then your homeowner's insurance probably doesn't cover any of your business operations. You may need to purchase additional coverage separately, or as an extension of your existing plan. Speak to a Roman Empire Insurance Agency, Inc. agents to find out.

Many other industry-specific forms of coverage are available. For more information about what policies are the most important for your business, talk to one of our agents and ask for a full risk assessment. You can research forms of insurance through reputable sources—this information is available for free online, courtesy of groups like the National Association of Insurance Commissioners.

Insurance Requirements for Small Business

All small businesses are required to have Workers' Compensation, Unemployment Insurance, and sometimes Disability Insurance. Other requirements for small business insurance vary by industry, as well as local, state, and federal law.

What constitutes a small business?

The exact definition of a small business varies by industry, but according to the Small Business Administration, it's usually 500 employees or less for mining or manufacturing, and $7.5 million or less in revenue for other industries. Note that there are many exceptions to this rule, and they are listed in detail on the Small Business Administration's website.

 

1. "Insure U Get Smart About Insurance." Accessed April 14, 2016. http://www.insureuonline.org/smallbusiness/.

2. "Insurance Requirements for Employers." The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/managing-business/running-business/insurance/insurance-requirements-employers.

3. "Summary of Size Standards by Industry Sector" The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector.

Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

Our Location

Roman Empire Insurance Agency, Inc.

2110 N Glenoaks Blvd
Burbank, CA 91504
Main office: 818-938-2377

Our Providers

I have had Roman Empire Insurance as my agent for about two years now. Working with Tom and Argam is amazing. I keep referring my friends and family because they get you the BEST coverages for a great price. Customer service is a priority as well. I just had to update my insurance info and within less than 2 minutes Argam made the changes and emailed me my new insurance card... Thank You So Much Gentlemen!!!
Raul L. from Palm Springs, CA
I highly recommend Roman Empire insurance company because it is one of the most reliable insurance agencies that has the most affordable price on businesses, homes, and cars. The agents are very nice, friendly, knowledgeable, and fast.You can get the best quote within minutes of your call. They work hard to offer you the best.Because of Argam I ended up saving 3,000 a year on only one of my cars!! Argam can save you thousands a year, and you will not have to worry about anything.
Lilit G. from Glendale, CA
The most loyal customer friendly service ever. Their work is flawless. Whenever I have questions about my policy, not only they explain to me in a common sense, it's easier for me to understand about the policy. Their work is something you can rely on. Whatever insurance questions that you may need they will help you. I highly recommend if you ever needed a quote or you want to switch your insurance and sign up with these guys. You guys are simply the best at understanding best and returning phone calls at much quicker respond time
Dro A. from Glendale, CA
They have the best deals for home and car insurance. Tom, the agent who was helping me was really very patient and very nice too. Would definitely recommend him as a very good professional insurance agent.
Maria S. from Burbank, CA
Just good things about this agency!nice and honest stuff with super good prices! I had a great experience with them getting my auto insurance!!
Argin D. from College Hills, Glendale, CA