Commercial Insurance

Business Owners: Protect Your Bottom Line with Commercial Insurance

business owners

Why Your Colorado Business Needs Commercial Insurance

The Denver Metro area has a growing business community that includes startups, mid-sized companies, and enterprise-sized businesses. Commercial insurance provides local business owners with an extra layer of security to shield against liability claims, thefts, natural disasters, and workers’ compensation claims.

A comprehensive commercial insurance policy from Aspen Gold Insurance Brokers can insulate your organization from financial losses associated with property damage, data breaches, and cybersecurity threats.

Commercial Insurance Benefits

Investing in commercial insurance is a regulatory requirement for certain business owners. Savvy business owners use business insurance as a proactive measure to shield their enterprise from the devastating financial fallout associated with a business-impacting event.

The following are examples of how Colorado business owners proactively shield their bottom line from extensive losses.

#1 – Business Protection from Extreme Weather Events

A comprehensive commercial policy can provide coverage for damages related to tornados, floods, wildfires, and other natural disasters.

#2 – Property Protection for Leased, Owned, and Rented Spaces

Get coverage for your rented, owned, or leased office and production spaces with a full coverage business policy.

#3 – Liability Coverage for Personal Injury Claims

Get financial support for legal claims that arise as a result of an accident on your premises.

#4 – Insulate Your Bottom Line from Product Liability Claims

Protect your business from product liability claims from dissatisfied or injured customers.

#5 – Keep Your Operations Intact in the Event of a Temporary Shutdown

Business interruption insurance can help keep your operations running seamlessly without affecting your bottom line.

Protect Your Bottom Line with Comprehensive Commercial Insurance Near You

Contact a trusted local insurance agent at Aspen Gold Insurance Brokers to learn more about the benefits of commercial insurance!

Protect Your Colorado Business With an Umbrella Policy

Colorado Business Insurance

Colorado business owners can turn to the reliable and knowledgeable team at Aspen Gold Insurance Brokers for all their insurance needs. If you need additional liability protection for your company, it’s time to take a closer look at adding an umbrella policy to your firm’s overall insurance portfolio. Contact us today to schedule an appointment to learn more.

Benefits of Umbrella Policies for Colorado Businesses

If you own a company in Colorado, you’re likely aware of how vital liability protection is for the health of your business. When the liability protection provided by your primary commercial policy is exhausted, you’ll want to have an umbrella policy in place. This policy will provide additional protection from liability that occurs from lawsuits and similar situations.

Without an umbrella policy, and depending on the ownership structure of your business, you could become personally responsible for any amounts that aren’t covered by your commercial or property insurance policies. It’s essential to have adequate coverage to protect your business now and in the future. Our insurance brokers can help you determine which type of policy is right for your needs and the level of coverage necessary.

There’s no reason to go it alone, as our team is here for you.

Consider Us Your Insurance Partner

Aspen Gold Insurance Brokers is proud to call Colorado home. If you need to review your current policies for completeness or want more information about the current umbrella policy options available in our area, we can help. Contact Aspen Gold Insurance today to schedule an appointment to find out more.

We look forward to hearing from you soon!

The Benefits of Choosing an Independent Insurance Agency

Independent Insurance Agency

When it comes to purchasing insurance, making the right choice is crucial for protecting your assets and ensuring peace of mind. While there are various options available, one option stands out when choosing an independent insurance agency like Aspen Gold Insurance Brokers. Unlike captive agents who work for a specific insurance company, Aspen Gold’s agents offer numerous advantages that make us a preferred choice for many individuals and businesses. Let’s explore the benefits of choosing an independent insurance agency like Aspen Gold and why we can be the ideal partner in finding the right insurance coverage.

1.      Choice and Independence
One of the primary advantages of working independent insurance agency like Aspen Gold is the freedom of choice we provide. Independent agents are not limited to a single insurance company’s offerings. Instead, we work with multiple insurance carriers, giving you access to a wide range of options. This ensures that your unique needs and preferences are met, as we can compare policies, coverage, and prices from multiple insurers. This allows us to focus on finding the best solutions tailored specifically to you.


2.      Personalized Service
Independent insurance agents prioritize personal relationships and customer service.  Aspen Gold’s agents take the time to understand your needs, assess your risks, and design a comprehensive insurance plan accordingly. Our personalized approach means we can offer advice, answer your questions, and guide you through the insurance selection process. When insuring with Aspen Gold, you have a trusted advisor who advocates for your best interests and provides ongoing support throughout the policy term.


3.      Expertise and Industry Knowledge
Insurance can be complex, with various policy options and coverage nuances. Our dedicated agents are experts in the field. We possess in-depth knowledge of insurance products, industry trends, and regulations. This expertise allows us to navigate the intricacies of insurance and provide accurate, up-to-date information. We can explain policy terms, help you understand coverage limits, and identify any gaps or overlaps in your insurance portfolio. By leveraging our experience, our agents can ensure you make informed decisions and secure the right coverage for your specific needs.


4.      Time and Convenience
Shopping for insurance can be a time-consuming task. Independent agents can simplify the process by handling the legwork for you. Instead of contacting multiple insurance companies individually, Aspen Gold’s agents consolidate the information, gather quotes, and present you with the best options. This saves you valuable time and effort, allowing you to focus on other priorities while still receiving expert guidance.


5.      Claims Assistance and Advocacy
In the unfortunate event of a claim, Aspen Gold’s agents are here to support you. We act as your advocate, working closely with the insurance company on your behalf to help navigate the claims process, provide guidance on documentation requirements, and ensure a smooth and fair settlement. Our primary goal is to protect your interests and ensure that you receive the benefits you are entitled to.


Choosing an independent insurance agency like Aspen Gold Insurance Brokers offers a host of benefits that make the insurance-buying experience easier, more personalized, and tailored to your specific needs. With our broad selection of options, personalized service, expertise, and claims support, Aspen Gold’s agents provide a level of flexibility, convenience, and peace of mind that is hard to match. Whether you are an individual seeking personal insurance or a business owner looking for comprehensive coverage, partnering with Aspen Gold Insurance Brokers is a wise decision that can help safeguard your assets and provide you with the best possible insurance solutions.

Tips for Avoiding Equipment Theft in your Mobile Business

mobile business

At Aspen Gold Insurance Brokers, we know that your mobile business relies on your equipment. Construction, lawn care, and other mobile businesses that take their services to other locations in Denver, CO can’t afford to have their equipment stolen. Aspen Gold can confidently say that following a few tips to avoid equipment theft is worth the time it takes.

When leaving heavy construction equipment overnight, park it in a circle or extremely close, larger pieces surrounding smaller ones. Make fence barriers around that. Be sure keys are not left behind. Place alarms and trackers on each piece. For extra security overnight, hire a security officer to guard your equipment or ask local police to provide patrol. The harder you make it for a thief, the more they will avoid stealing from you.

If workers sit in their business vehicles while doing paperwork, tell them to keep their actions as low as possible so that laptops and other electronic equipment aren’t seen. Use complicated passwords on your laptops. Place surveillance cameras in your work fleet so thieves know they will be seen. If you need workers to leave their devices in their vehicles, place them in covered secure bags and lock them with bike locks or chains around a solid fixture near the floor.

Keep records on every piece of business equipment with serial numbers, descriptions, and other important information. That way, if thieves in Colorado succeed in their theft of your property, you have the information to look for it. We recommend you check the National Crime Information Center (NCIC) for stolen property. This database keeps track of any found or illegally sold stolen property, including business equipment.

Visit us at Aspen Gold Insurance Brokers for more information.

Commercial Insurance Tips for Small Businesses

Commercial Insurance Tips

Starting a small business is exciting, but it’s important to ensure you’re adequately protected. One of the key ways to do this is by carrying commercial insurance. This type of insurance can help safeguard your business in the event of various risks, from property damage to liability claims. But with so many different types of commercial insurance available, it can be tough to know which coverage is right for your business. To help you make the best decision, we’ve put together a list of commercial insurance tips for small businesses.

1. Make Sure You Understand the Different Types of Coverage Available

When it comes to commercial insurance, there is a wide range of coverage options available. From property damage to liability, there are many different risks that your business could face. It’s essential to take the time to understand the different types of coverage available and how they might apply to your business. Doing so will help you make sure you have the right level of protection in place.

2. Consider Your Business’s Specific Needs

No two businesses are alike, so it’s essential to tailor your commercial insurance coverage to your specific needs. Consider your business’s risks and ensure you’re adequately covered against them. For example, if you run a manufacturing business, you’ll need to ensure product liability coverage is in place.

3. Shop Around for the Best Coverage

When it comes to commercial insurance, there’s no one-size-fits-all solution. Every business is different, so shopping around and comparing policies is important before selecting one. Ensure you understand the coverage options available and get quotes from multiple insurers to find the best policy for your business.

4. Review Your Coverage Regularly

Your business is constantly evolving, so it’s important to review your commercial insurance coverage regularly. As your business grows, you may need to adjust your coverage to remain adequately protected. For example, you may need to add additional coverage as you hire new employees or launch new products.

Following these commercial insurance tips for small businesses can help ensure your business is adequately protected against various risks. If you’re ready to start shopping for coverage, Aspen Gold Insurance Brokers can help. We can work with you to tailor a policy that meets your specific needs and budget in Broomfield, CO. Contact us today to get started.

How Commercial Insurance Benefits The Hospitality Industry

Commercial Insurance Benefits

Aspen Gold Insurance Brokers proudly serves the Colorado Community. We offer our clients different policies to help protect their assets. We treat our clients like family, and our personalized approach allows us to meet their needs as they evolve over time.

How Commercial Insurance Benefits the Hospitality Industry

Commercial insurance assists Colorado residents. Your business is one of your most significant investments. While you focus on maximizing profits, commercial insurance protects your business if an emergency arises. The policy covers you if your physical property is damaged. All of your equipment is covered if it is stolen. In the unfortunate event that something happens to one of your clients while they are visiting your business, you can rely on liability insurance.

Commercial insurance protects your business in multiple ways if you are working in the hospitality industry. You constantly strive to ensure that your customers enjoy a safe and comfortable experience. Business interruption insurance covers your business if you have to cease operations for a few weeks. Perhaps a severe snowstorm passes through the area and damages the property. You can also add crime coverage to protect your business against allegations of theft and fraud. If you serve adult beverages, add extra coverage to protect your business against possible legal action due to intoxication. If you operate a hotel, your customers trust you to protect their valuables. Guest property coverage protects your business if any of your customer’s personal belongings are damaged or stolen. You can also add umbrella coverage to provide another layer of protection if a serious issue arises.

Aspen Gold Insurance Brokers Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance. Our experienced insurance agents are here to educate you on the commercial insurance benefits and find the best commercial insurance policy that is customized to fit your insurance needs.

Why you need commercial insurance for your Colorado business

Colorado Commercial Insurance

Those that would like to own their own business should spend time carefully assessing locations to open their new company. When you are looking for a new place to start a company, you should consider coming to Colorado. Colorado is a great place to start and manage a company due to a strong population and continued support for local businesses. If you are going to start a business here, it is important to consider your commercial insurance needs. There are many reasons that you will need to have insurance.

Insurance Required for Loan Compliance

One of the reasons that businesses will need commercial insurance here is to ensure they are in compliance with their loan agreements. If you need to take out a loan to start or grow your company, you need to know what your insurance requirements are. A lender will likely require that you carry commercial insurance as it can protect their collateral and ensure you remain solvent during some challenging situations.

Legal Requirement

For businesses that are in Colorado, having some commercial insurance can also be a legal requirement. The state today obligates that most employers have a commercial insurance policy that includes worker’s compensation insurance. This form of insurance provides protection for employees that are hurt while they are working on the job.

When you are looking for a commercial insurance policy in Colorado, you should speak with the team at Aspen Gold Insurance Brokers. When you call the team at the Aspen Gold Insurance Brokers, you are going to receive the guidance and support that you need to pick an insurance policy. This will help ensure you are able to get into a policy that helps you to meet your insurance obligations. Contact Aspen Gold Insurance Brokers today for a free insurance quote. Let us see if we can save you money and protect your business.

General Liability Basics in Commercial Insurance

What is commercial insurance

If you own a business, General Liability insurance (GL), is a type of insurance that can protect you when accidents and incidents occur during business operations. Some incidents that may be covered with General Liability insurance include bodily injury, personal injury, and damages to premises that are rented to you. Without proper coverage, your business may be negatively impacted financially which can put a huge burden on your cash reserves and assets.

General Liability For Contractors

Running a small business or operating as a contractor means you will need some form of liability insurance to protect yourself from lawsuits that can arise from accidents. Even one accident can leave your business susceptible to financial hardship it may not survive. BOP or Business Owners Policy is a type of property insurance that may include General Liability. However, it is possible to purchase GL separately depending on how your business operates. Many businesses that do not own commercial property will forgo a BOP and just have General Liability insurance.

Is General Liability Required By Law?

While GL insurance is not required by law, many businesses simply can’t afford to operate if they are dealing with a liability claim. It can be a huge burden especially for smaller businesses that do not have large cash reserves. Even larger businesses will have some form of liability insurance as it is fairly common they will experience a claim at some point in their lifetime.

If you operate a business, large or small, or are a contractor, it can be a smart move to make sure you are adequately covered in the event of a liability claim. Call Aspen Gold Insurance Brokers of Broomfield, CO to speak to a representative and schedule an appointment. We can guide you through your particular insurance needs and find a policy that works for you.

How to Cover a Business for a Cyber Attack

Commercial general liability insurance

Cyber attacks continue to be a major problem for American businesses. Statistics show, in 2018, the average cost to a business for the damages from a Cyber attack was $2.4 million. That is a huge amount of money. The scary thing is that this kind of attack can happen at any time without any warning whatsoever.

Insurance for A Cyber Attack

Cybersecurity insurance is a type of special insurance coverage that can be found under the category called umbrella insurance. It can be a rider on an umbrella insurance policy that also covers other risks.

Umbrella insurance does two basic things. It extends the policy limits of other insurance coverage that is also in place and it covers things that other policies do not cover. Work with your agent at Aspen Gold Insurance Brokers, serving Broomfield, CO and the nearby communities, to make sure you have adequate insurance for this risk.

Umbrella Insurance for Cyber Attack

Umbrella insurance is an effective way to cover the big risks that can destroy a business and wipe out the net worth of the business owners. It is more cost-effective to have umbrella insurance to cover claims that are in excess of the policy limits of other coverage than it is to raise the policy limit of each separate insurance policy.

Special Cyber Security Risks

Businesses that conduct online payment-processing transactions, such as accepting credit cards for sales are the kind of companies that are likely to have a cyber attack. Another type of vulnerable business is any health care organization that manages the medical records of individuals. They must follow HIPAA rules for security that are very strict. Fines and penalties for violating HIPAA rules can be multiple millions of dollars.

Ransomware

A new form of malware called ransomware is being deployed more frequently. Ransomware works by a hacker inserting a virus or malware into a system and then locking the data content by encryption. A demand is made for the company under attack to pay a ransom to get access to their own data files.

Cyber attacks are not going to go away. In fact, they are getting more frequent. Call 720-600-7470 to talk to your agent at Aspen Gold Insurance Brokers in Broomfield, CO to get a quote for umbrella insurance that covers the risk of cyber attacks.

Should You Have Commercial Property Insurance?

Commercial Insurance

Commercial property insurance in Colorado doesn’t just cover the building the business operates in, it also covers assets in the building, such as tools, equipment, inventory, or machinery. This insurance will cover losses due to fire, vandalism, theft, or natural disasters. Commercial property insurance may be required in a few instances. If you own the building you are operating out of, you may be required to have insurance based on your loan. If you are renting, your landlord may also require you to have this.

Commercial property insurance can cover a lot of different things, so if your business can benefit from having these items covered, it’s worth speaking with an agent at Aspen Gold Insurance Brokers to add this to your existing business insurance or to get a new policy. The policy will cover the building, any equipment loss, any damage to the building due to fire, theft, wind or hail, any accidental property damage, and lost business income due to these losses. It also protects electronic data, valuable papers, and records, and guards against interruption of computer operations, forgery or alteration, and accounts receivable. There are some items this policy won’t cover, such as commercial vehicles, data breaches, errors or omissions, and whether other than wind and hail, but it’s still an important type of policy for many business owners to consider. If a company were to lose its inventory due to a fire, it could be put out of business.

Many businesses have commercial general liability coverage, but this type of policy will only cover any third-party claims for injury or property damage. Business owners need to protect their own property with commercial property insurance.

Contact Aspen Gold Insurance Brokers, serving Broomfield, CO, to get a quote on commercial property insurance and other insurance for your business.