Commercial insurance is vital for every business owner in Colorado. It protects you against financial losses arising from covered perils, reducing the risk of losing your business. While some coverage is mandatory, others are optional, although they offer enormous benefits. David Pope Insurance Services, LLC provides customized and comprehensive coverage for businesses in Colorado. Continue reading to learn more about commercial insurance and the types of policies you can purchase.
Commercial or business insurance is a type of insurance coverage designed to protect businesses against financial losses resulting from various perils. Examples of associated risks include property damage, lawsuits and business interruption. There are multiple types of commercial insurance, including commercial auto insurance, farmers’ workers’ compensation insurance, business owners’ insurance, small business insurance and builders’ risk insurance.
In Colorado, a unit of the Department of Regulatory Agencies (DORA) called the Colorado Division of Insurance regulates the commercial insurance industry. The agency, among other things, supervises insurance companies, agents and brokers operating within the state.
Colorado law has specific provisions regarding different types of commercial insurance. For example, while certain coverages such as workers’ compensation and auto insurance are mandatory for some workers, others are optional, yet beneficiary. Commercial insurance policies must also comply with specific requirements, such as clearly stating the scope of coverage, exclusions, premium amounts and deductibles.
Commercial insurance offers many benefits to businesses, including the following:
David Pope Insurance Services, LLC is a reliable and highly-rated insurance company providing tailored solutions for businesses in Colorado. We help business owners— large and small— obtain the best commercial policies that correspond to their specific needs. Our team comprises top professionals with years of experience.
At David Pope Insurance, we aim to establish long-standing client relationships, prioritizing their demands. Our friendly, honest, yet practical approach to commercial insurance enables us to exceed expectations. Our offerings are high-quality and budget-friendly. We care about the community — because we’re part of it.
Below are the types of commercial insurance coverage you can purchase from David Pope Insurance:
Commercial auto insurance is mandatory coverage for businesses that own vehicles. Whether you operate one van or possess a fleet of cars, you require commercial auto insurance. Besides compliance, commercial auto insurance has financial benefits. It safeguards business owners against losses resulting from accidents, including property damage, injury and liability. Businesses can also seek extended coverage to cover theft and non-collision-related damages, such as fire, vandalism and weather damage.
Under workers’ comp laws, employees may be eligible for benefits, including coverage for medical expenses and lost wages resulting from illness and accidents. The coverage may also extended to rehabilitation costs and family members receiving financial compensation from work-related illnesses and accidents leading to an employee’s death. For this to happen, the employer must have a purchased workers’ comp insurance policy, which enables the employee to file a claim with the insurance provider.
Farmers and businesses engaged in agriculture in Colorado leverage such avenues to protect their workers, considering the likelihood of incidents or illness occurring on farmlands. In the event a covered peril occurs, the employee or their beneficiary may claim from the employer’s carrier, according to the policy terms and general insurance laws. Like commercial auto insurance, farmers’ workers’ compensation insurance is compulsory for employers with one or more employees.
Business owners’ insurance policy is a broad coverage that applies to various risks. The scope may vary depending on the nature of the business but typically includes the following:
Small businesses in Colorado often have different needs. Thus, instead of purchasing standard coverage, our professionals will assess the business’ demands and tailor a policy that suits the profile. For example, whereas a dentist may prioritize professional indemnity, a restaurant owner may focus on getting auto coverage for all their delivery vehicles. In many instances, the professionals combine different types of coverages to develop a customized, practical solution.
Builder’s risk insurance is designed for contractors and builders in Colorado. It covers the materials, fixtures and equipment used during the construction or renovation. The insurance provider may cover the losses if the policyholder loses any of these assets. For example, suppose extreme weather conditions damage your equipment while on the construction site, the insurance company may pay the replacement or repair cost according to the terms of the contract. Builder’s risk insurance may also cover losses arising from theft, vandalism and other similar perils.
The premiums paid on commercial insurance differ depending on the type and size of coverage. For example, a company with five fleets of vans will typically pay less than a company with 20 fleets. Thus, it’s essential to ascertain the amount from the contract before signing. David Pope Insurance provides clients with the best rates on the market. Request a quote today to get started!
David Pope Insurance is renowned for providing personalized and comprehensive offerings to clients. Our primary aim is to help businesses thrive by getting adequate protection against perils. We also treat our customers like family, making our team available whenever you need us. We give you the peace of mind to focus on growing your business.
David Pope Insurance Services, LLC is a family-owned insurance agency with years of experience in the industry. We serve businesses of all sizes, providing comprehensive services at affordable prices. Are you looking for a trusted insurance broker in Colorado? Contact us now!
Rick BaileyVery helpful and knowledgeable staff. Answered all my questions in a timely fashion.Always finds me the best rates and coverage.
Robbie BaileyDavid Pope and his son are wonderful people 10 outta 10.
George HodakNever had a bad experience. Every time I have called with a question or update they have been accommodating. Proactively they have contacted us with better insurance ideas.
Philip GerberYour insurance brokerage always finds me the best rates, unlike going with just an agent for an insurance company. When my rate went up with another insurer, you immediately found a better price with a different carrier. The transition was seamless.
Jim ArnoVery helpful with giving me options for insurance. Helped with transition from my past insurance company.
Jonathan MitchellMy home and auto insurance kept going up and my old insurance agency just said that’s the way it is. They saved me about 40% on my home insurance while keeping coverage the same and still saving me money on my auto. VERY happy I made the move.
Kristy HulseyCustomer service is exceptional! Anytime I have a question or need help with anything, whether by phone or email communication, they get back with me promptly and always have an answer. Excellent at finding a way to get the best rate possible as well – which is important!
Travis OwensThe staff is very knowledgeable and the rate I received was excellent. Got BIG savings compared to my last insurance provider.
Yvonne HeinzThe customer service is fantastic and the price is a great value.
Union AmbulanceVery knowledgeable and gets us the best price on insurance.
Justin HulseyI could not be more happy with the service my family and I receive with David Pope Insurance. They are always very helpful and prompt. I highly recommend!
Pauli AnschutzI am very happy with the service my family receives with David Pope Insurance. I highly recommend!
Brandon BealIt has been a great experience. I have received help when needed and have never been bothered with a lot of phone calls or mail/emails. Friendly people doing a good job!
Jaron BondIt was easy and simple to setup my home and auto insurance. No complaints here at all.
Oakley CorbinGreat! I’ve gotten good service and they found me an amazing deal on issuance for both my business and vehicles!
Alan EakerDavid was very easy to work with and get switched over to the new insurance wit great pricing!!
Andrew CapkovicThis guy just keeps saving me more and more money. Last year he saved me 500 dollars on my car insurance alone and a couple hundred on homeowners. I call him because the rates went up on my renewal. Before I could even say anything Zach (guy who answers the phone) says yeah we already found you someone lower. Come in to set up the new provider. The best service for insurance broker I’ve ever had in my life. I guarantee I will never go to anyone else but David Pope insurance.
Jacqueline WardWhen I was reviewing the options for auto and home insurance with coverage for four teen drivers, myself and my husband- David Pope was able to find the best option to craft an affordable plan for our family; no one else even came close to the options this agency was able to design.
Ali KExcellent rates and coverage but that’s just the beginning. The service is absolutely outstanding! Every time I have a question, I get a thorough and prompt response. Every time my coverage needs change, my needs are taken care of immediately. I can’t recommend David Pope highly enough!
Gayle BDavid Pope Insurance Services is a great firm to work with. Very knowledgeable and fast to respond to all of your needs. They had my quotes ready in no time and I was able to sign on the dotted line that same day. Very convenient. I work with David initially, then had the pleasure of working with Zack. Both took great care of my needs. Highly recommend these professionals.
Mary FI have been doing business with David Pope for many years. He’s reliable & absolutely looks out for us every time we need him. He always goes the extra mile. My daughter and my brother also use him & have been satisfied also. I recommend him whole heartedly.
Steve KThis agency is very responsive. Had insurance with one company who substantially raised our home owners rates. They came to me saying they could find a better package rate that would save us money on home and auto. It is a breath of fresh air to have agents who do so without being asked! Further, had a question that wasn’t urgent on Easter Sunday. Sent it via email and received a reply that day. Can’t ask for better than that!
Nicole BMy experience with your company was amazing! From my first call requesting a quote to my most recent call requesting your company to print out our vehicle insurance cards. Employees were always positive, never made me feel rushed, customer service was superb! Thank you for making a new customer to your company feel so welcome!