The Smart Way to Protect Everything You’ve Built
Custom Insurance Solutions for Every Industry and Every Budget
Why Swyft Insurance?
Monterey Credit Union collaboration and member benefit
We work with vetted and trusted carriers who will compete to get the best rate for you
You don’t pay unless we can help you save
Live US-based operators and licensed agents to help you and answer your questions
Business Insurance Overview
Comprehending the scope of coverage and the necessity of this type of business insurance is essential for safeguarding your enterprise.
Third-party bodily injury, property damage, advertising injury
Protects against lawsuits, accidents, and customer claims
Business buildings, equipment, inventory
Covers financial losses from damages like fire or theft
Negligence claims against professionals (e.g., consultants, legal, healthcare)
Protects against claims of errors, omissions, and negligence
Data breaches, cyberattacks, regulatory fines
Mitigates losses from data breaches, legal fees, and recovery costs
Employees injured or ill from job-related activities
Required by law; covers medical costs and lost wages
Vehicles owned/used by business for business activities
Covers accidents, theft, vandalism involving business vehicles
Lost income and operating expenses during shutdowns
Helps recover lost income due to disasters or closures
Key employees critical to business success
Covers business losses due to death/incapacity of key staff
Internal/external criminal acts (fraud, theft, forgery)
Protects against financial losses from crimes by employees or outsiders
Small business owners – combines liability, property, business interruption
Bundled, cost-effective protection for small businesses
Want Even More Savings and Better Protection?
Many people don’t realize they may be missing out on additional savings or are carrying gaps in their coverage. With a comprehensive policy review, we’ll look at all your insurance—from car and home to life—and make sure every part of your protection is up to date and as cost-effective as possible. Our experts will help identify coverage gaps, update your policies for recent life changes, and find possible discounts across all lines of insurance
Here are some frequently asked questions about business insurance:
Business insurance refers to a range of policy types that protect business owners from financial losses due to accidents, lawsuits, property damage, employee injuries, and cyber threats. It provides coverage for assets, operations, liability risks, and sometimes company vehicles or key employees.
Business insurance helps protect companies from lawsuits, property damage, data breaches, and workplace accidents. It is also often required by law, especially if hiring employees or operating vehicles, and it instills confidence in clients and partners by demonstrating risk management.
Coverage areas include property damage, business interruption, third-party injuries, cyber incidents, and professional liability. Some industries may require policies for specialized risks such as workers’ compensation or errors and omissions.
Start shopping immediately for other private coverage. If you’re unable to secure a private policy, apply for the California FAIR Plan. You may also contact the state insurance commissioner for guidance or to file a complaint. Avoid letting your policy lapse, as securing a new one may be more difficult.
Yes, in many cases. Most states require workers’ compensation for employees, and business vehicles usually need commercial auto insurance. Some professional licenses, contracts, or leases may also mandate coverage.
Most businesses need at least general liability and property insurance. Needs vary by industry, size, and state, so assess specific risks and consider additional coverage such as cyber, product liability, or a business owner’s policy (BOP).
A BOP bundles general liability, property insurance, and business interruption coverage into a single, cost-effective package for small to midsize businesses.
Yes, in most cases insurance premiums are tax-deductible if they serve a business purpose and benefit the company. Consult a tax professional for advice on your specific deductions.
Compare policy limits, premiums, deductibles, and included coverages. Assess the broker’s or insurer’s reputation and ensure the policy matches your business’s unique exposures and potential risks.
Contact your insurer or agent immediately after an incident, provide all relevant documentation and evidence, and follow their specific claims process. Timely reporting improves outcomes.
Yes, policies can often be adjusted at renewal or with major business changes, such as expanding, relocating, or hiring new employees. Speak with your agent regularly to keep coverage in line with your needs.