As a business owner, you have to make several significant decisions. The entire process can be overwhelming. Finding the right insurance policy can help alleviate a lot of stress. Here’s a guide to help you find the right business insurance in NC.
Types of Business Insurance
- General liability insurance- is legally mandatory for you to operate your business. General liability protects you if someone gets injured or their property is damaged due to your business operations.
- Commercial auto insurance– protects personnel and vehicles used for your business that are involved in an accident and pays for resulting damages and injuries. You are also covered if any of your commercial vehicles are stolen.
- Workers’ compensation- covers your employees’ medical treatment expenses if they are injured on the job.
- Professional liability insurance- protects your business against claims of negligence or bad advice resulting in a loss to the client.
Business insurance protects your assets if you are involved in a dispute over property damage, lawsuits, injuries, and other issues that may arise over time. As there are various coverage options to consider, you should be able to find something that directly aligns with your needs. You’ll have to assess your risks to figure out the right coverage for your business. After that, it’s recommended that you shop around to get quotes from multiple carriers.
Get Fast Coverage Online
While as a small business owner, you might not be able to find small business insurance online, some carriers provide quotes if your needs are simple and you need coverage promptly. For example, Chubb allows you to look at various types of coverage for your business online. You can obtain professional liability coverage or a Business Owner’s Policy and add ons like employee dishonesty coverage.
Talk to an Expert
If you are not familiar with the type of business insurance you need, it’s recommended that you contact an insurance expert. Our agents at Pittman Insurance Group can help you assess potential risks and provide gainful insights on which coverage to consider. We can help you manage quotes and find a policy custom-made to your unique needs.
Other Things to Consider
As your business becomes more successful, the types of coverage you need will vary. Assess your business insurance policy every year to see if any changes should be made. Make sure that you fulfill all criteria needed to operate your business and speak with your lender or landlord to see if you need to obtain more coverage.
Consult Us for Comprehensive Business Insurance Solutions
Operating a business takes a lot of time and energy. Insurance is designed to help alleviate stress and protect your business from unexpected losses. If you have any questions, contact our team here at Pittman Insurance Group, LLC, and we will assist you in getting the right coverage.