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KC Wilson Insurance & Financial Services LLC

1654 The Alameda, Suite 210
San Jose, CA 95126

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The Five Most Common Commercial Insurance Types Purchased in CA

KC Wilson Insurance & Financial Services serving San Jose, CA wants you to purchase the insurance your business needs to protect itself, not extraneous policies you don’t need. That’s why we put together this guide to explain the five most common types of claims filed on commercial insurance policies. 

Common Commercial Insurance Claims

Burglary and Theft

About 20 percent of businesses report burglaries and thefts. This includes break-ins and thefts by employees. You would need a property damage policy to protect your business from this type of loss.

Water and Freezing Damage

Other property damage that frequently causes businesses to file a claim includes water damage. While California businesses largely avoid the freezing damage, except in the far north part of the state, this accounts for about 15 percent of claims. Teach employees to shut off the water at the main to avoid the worst damage.

Wind and Hail Damage

Approximately 15 percent of the businesses filed claims for wind or hail damage. Wind damage includes when a tree falls on your business or business property or it lifts items and throws them into your windows. Properly maintaining your trees, tying down outdoor items, and bringing in items in high wind conditions solves the problem. In some areas, you must purchase wind insurance separately.

Fire Damage

Finally, 10 percent of the claims come from fire damage. Installing fire suppression equipment, such as sprinklers, and fire detection equipment works to reduce losses, but so does using fire retardant materials.

Customer Slips and Falls

The fifth most common type of claim comes from customer slips and falls. Your business liability insurance covers this claim type, which accounts for 10 percent of all claims. Conducting appropriate maintenance and cleaning up spills quickly goes a long way to solving this problem.

Contact Us

Contact KC Wilson Insurance & Financial Services, serving the greater San Jose, CA community, to obtain commercial insurance that protects your business from financial losses. Call us today.

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  • Allianz
  • AmTrust
  • ASI
  • Chubb
  • CNA
  • CSE
  • Encompass
  • First American
  • Foremost
  • Great American
  • Guard
  • Hagerty
  • Hanover
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  • Hartford AARP
  • Kemper Preferred
  • Liberty Mutual
  • Mapfre
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  • Mercury
  • MetLife