Start-Up Business Insurance
In Orange County, CA, each year, thousands of inspiring entrepreneurs make a courageous decision out to start their own business. What is it that convinces these people to put in long hours, little or no pay starting out, and risk everything they have? We believe it’s that incredible feeling that you get from starting your own company, seeing it succeed, and knowing you are the one had the vision, didn’t believe in failure and made it happen. The women and men who want to make a difference and build their own business do so from a array of diverse businesses such as, Consulting, Mobile Phone Applications, Construction, Web-Design, E-Commerce, Restaurateur, Senior Care Services, Import/Export Business, New Product Development, Software Developer, Property Management/Investment, Social Media, Product Manufacturer, Medical Devices Distributor or one of the hundreds of ideas that entrepreneurs come up each day.
With the advances of the internet, smart phone technology and email to name a few, it is easier and more economical then ever to start your own business. These days you don’t need a store front and you have via the web to reach clients anywhere in the As any successful entrepreneur will tell you after you have performed your due diligence, product research, market analysis, and financial planning, putting together an insurance plan that fits your needs and protects your hard earned assets should be your next course of action. We are PJO Insurance Brokerage look forward to working with you protect your hard earned assets.
One of the fastest growing areas of employment in the country today is consulting. With more and more companies looking to keep their employment costs down, they are turning to consultants for a whole host of jobs. In fact many of these consultants in the market today are there because their companies down sized their positions.
Many times consultants feel that California professional liability insurance wouldn’t be an essential asset to their business, but consider if a client fires your firm and sues it for a large sum of money due to what they consider a non-performance on your part? Did your company have funds set aside to hire an attorney or, worst yet, have to pay a huge settlement in case your client wins his case? For those consultants who have a home office, say a client comes to your office and slips and falls on your property? Are you are covered for this scenario? If all you have in a homeowners policy, then that answer would be no. Worst, yet, what coverage do you have if you suffer a house fire or other disaster and the insurance agent that writes your homeowners policy discovers you are running a home-based business but didn’t include that on your policy? Your coverage for the fire could possibly be void, for both home and business. As you can see, these are worstcase scenarios, but as we all know too well, bad things do happen from time to time and is why we purchase insurance.
It provides protection when something goes wrong. The most common policy for consultants is Professional Liability Coverage. For consultants who provide services, this type of insurance protects you and your company against claims by clients related to the performance of your work. Some of these include: alleged negligent acts and errors or omissions resulting from your performance, and protection from loss of client data, negligence or non-performance claims.
Professional Liability policies may also cover attorney fees and judgment awards; personal liability (libel and slander); intellectual property; and covers employees and independent contractors. PJO Insurance Brokerage in California can help you find the right coverage for your consulting business.
Electronic commerce, commonly known as e-commerce, ecommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. When an ecommerce business begins to grow, new risks mount and site owners should examine insurance options. Online businesses differ from their brick-and-mortar counterparts in ways that present unique challenges for insurance companies. A typical small ecommerce business might operate in the following manner: the business owner runs the site from his/her desktop in Anaheim, CA; the “store” is on a server in Los Angeles, and a third-party fulfillment company houses the products in Kansas City, MO. Data security, in which the most commonly publicized areas of exposure involve unauthorized access to customer data and/or the dissemination of customer data by accident or through fraud. For online merchants, “it becomes an added obligation to protect that data. There are potential liabilities if that information is compromised or exposed. What happens when a business interruption is caused by third-party providers?
At times, business may be interrupted when customers are unable to access the website because of disruption or denial of service. Server problems during the Christmas-buying season can have a devastating impact. Business interruption can also occur because of disasters such as a fire at secondary support locations — your main supplier or your warehouse.
In today’s world with so many new ventures starting up in the Orange County, CA cities such as Irvine, Anaheim, Santa Ana, Costa Mesa, Fullerton, Garden Grove, Huntington Beach, Mission Viejo and Newport Beach, it is in your best interest to have one of our professionals take a look at your e-commerce business and design a cyber liability insurance plan that will protect your business.
Orange County, CA software developers and/or information technology companies face unique Errors and Omissions Liability technology insurance coverage needs. Many information technology companies such as computer consultants, programmers, software designers, mobile phone application developers, internet designers, and web site designers to name a few sell their technology products and services that are their clients use in the their businesses. Technology insurance, sometimes known as computer consultant insurance or software developer insurance is a must for your business. Here is a scenario where insurance can be helpful, a failure of a hardware or software product or service provided to one of your clients can result not only in critical mistakes being made, which could result in lost income and litigation, but also in your client’s business failure. California Professional liability insurance may protect software and hardware products and services that often control key business functions such as office automation, database management, word processing, accounting and billing, e-commerce, websites, production equipment, etc. Information technology companies also face unique lawsuit exposures for intellectual property violations. As it is well known, this is one of the biggest areas of growth in new companies in Orange County, CA. PJO Insurance has the expertise and carriers available to help you with your insurance needs. Please call us today at 949-354-0789, we look forward to working you’re your company.
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