Business Insurance in Portland, Oregon

Running a business in Portland, Oregon, may also mean facing various risks, from natural disasters such as earthquakes to everyday operational challenges. Business insurance can provide essential protection, helping to keep your operations running smoothly.

AIC Insurance Agency can offer reliable insurance solutions tailored to Portland businesses. With local expertise and a focus on personalized service, we can help you secure coverage to safeguard your business.

What Is Business Insurance?

Business insurance is a broad term that encompasses various types of coverage designed to protect businesses from financial losses due to unforeseen events. Every business has unique insurance needs, depending on factors such as company size, location, number of employees and industry.

Here are some common types of insurance policies businesses might consider:

• General liability insurance—This can cover claims related to third-party bodily injuries, personal injuries (such as libel or slander), advertising injuries and property damage.

• Business property insurance—Also known as commercial property insurance, this coverage can help cover the cost of damages to your company‘s equipment and property due to covered incidents.

• Business interruption insurance—This can help replace lost income and cover extra expenses during the downtime if your business must shut down temporarily due to a covered event.

• Commercial auto insurance—If your business uses vehicles, this policy is necessary to insure your fleet and any employees who drive for your company.

• Professional liability insurance—This can provide coverage if someone claims your business was negligent, gave incorrect advice or misrepresented something.

• Workers‘ compensation insurance—This may help employees who are injured or become ill due to work-related incidents by providing replacement income, medical benefits and other financial assistance. Most states require businesses to have this insurance.

How Does This Work?

Business insurance transfers financial risk to the insurer. In exchange for premiums, the insurer may cover specified losses. When a covered event happens, the business files a claim, and the insurer may compensate according to the policy terms.

Learn More

Every business, big or small, needs insurance to protect its assets, employees and operations. AIC Insurance Agency is here to help. Contact us today to learn more.