Small Business Insurance
Cottonwood, Flagstaff

Learn about key coverages to consider for your small business.

Small business insurance is designed to protect business owners and assets from a variety of exposures.

Email Us

Office Locations

Request a Quote

Request Quote or Contact Us

View Office locations »

First and Last Name *

Email Address *

City and State *

Phone *

Can we send you text / SMS messages? *

By selecting 'Yes' you consent to receive conversational text / SMS messages from Butler-Leavitt & LGNA. Reply STOP to opt-out, reply HELP for support. Message and data rates apply. Messaging frequency may vary. Privacy policy

Question or Comment *

County

Please note: coverage cannot be bound or altered online. A service representative will need to contact you to finalize your request.

What You Need to Know About Small Business Insurance

We value the entrepreneurial spirit. We can help you implement the proper risk management strategy and insurance coverages to protect the business you have created and to ensure that your business continues to have an opportunity to succeed and grow.

The following are some key coverages to consider for your small business:

Commercial Liability

As a business owner, you are potentially liable for every product, service, and operation relating to your business. While sound procedures may be stressed throughout your organization, the fact remains that no person or machine is perfect. In spite of your best efforts, harm caused to a third party relating to your business could lead to litigation. Commercial liability insurance is designed to protect business owners and assets from a variety of exposures.

Property

Imagine that a fire breaks out and you lose your entire inventory, or your business is burglarized causing physical damage and possibly lost assets. Your ability to recover from these incidents is dependent on your commercial property insurance.

Inland Marine

Do you have business equipment, materials, or supplies in transit? Do you store business property in an off-site location? Protect some of your most valuable business property or equipment wherever it may be with inland marine coverage.

Flood/Earthquake

Your basic insurance policy does not protect you against damage from earthquakes and floods. Whether you are in a high-risk area or moderate-to-low risk area, you should consider adding earthquake and flood insurance to your policy. More than half of all flood claims occur in areas considered to have low flood exposure, and each year there are around 5,000 earthquakes in the United States.

Business Auto

Imagine you were involved in an accident in your personal vehicle while engaged in company business. Did you know your personal insurance may not cover you? What if you have employees on the road making service calls to customers? Commercial auto insurance provides valuable protection for your company-owned vehicles, leased or rented vehicles, and your employees' vehicles used for business purposes.

Excess/Umbrella

Without an excess or umbrella policy, a catastrophic claim could deplete your future income and business assets. Every business is vulnerable to devastating losses and lawsuits that could possibly exceed your primary insurance coverage. This is a critical coverage—especially for small to mid-sized businesses.

Small Business Insurance FAQ:

1.What types of insurance are legally required for small businesses in Arizona?

Workers’ compensation insurance is required for any business with employees to cover medical expenses and lost wages from work-related injuries. Commercial auto insurance is also mandatory if the business owns or operates vehicles.

2. Is general liability insurance mandatory in Arizona?

General liability insurance is not legally required but is highly recommended and often required by clients or landlords to protect against property damage and bodily injury claims.

3. What are the minimum commercial auto insurance limits in Arizona?

The state minimums are $25,000 for bodily injury per person, $50,000 per accident, and $15,000 for property damage per accident. Higher limits may be advisable depending on business use.

4. What coverage should retail and service businesses in Arizona consider?

Key coverages include general liability, commercial property insurance, theft protection, and business interruption insurance to guard against income loss from covered events.

5. What is a Business Owner’s Policy (BOP), and is it useful?

A BOP bundles general liability, property, and business interruption coverage, offering cost savings and simplified management—often ideal for small to mid-sized businesses.

6. How often should Arizona small businesses review their insurance?

Insurance policies should be reviewed yearly or after significant changes in business size, operations, or assets to ensure adequate protection and compliance.

7. Which industries in Arizona require small business insurance?

Contractors, retailers, hospitality, consultants, healthcare providers, manufacturers, and service businesses typically need insurance to manage risk and meet client contracts.

8. What are the consequences of not having required workers’ compensation insurance in Arizona?

Penalties include fines, stop-work orders, increased audits, and possible criminal charges for noncompliance.

9. Is health insurance mandatory for small businesses in Arizona?

Businesses with 50 or more full-time employees must provide health insurance under the Affordable Care Act; smaller businesses are encouraged but not legally required.

10. How can Arizona small businesses reduce insurance premiums?

Implementing risk management strategies, bundling coverages, properly classifying employees, and regularly updating policies can help lower costs without sacrificing coverage.

Small Business Insurance
Cottonwood, Flagstaff

What You Need to Know About Small Business Insurance