Commercial Insurance Hickory, NC

There are many different types of insurance coverage options for North Carolina business owners. They can include:

Automobile – Almost every business nowadays has a company vehicle or a fleet of company vehicles. You need to insure against damage to yourself, property, the drivers, third-party injuries, cargo, and those who are riding in the car itself. Minimum limits for auto insurance in North Carolina are 30/60/25, and some commercial vehicles auto insurance limits are higher.

Worker’s Compensation – Employer’s liability and workers compensation are two forms of no-fault insurance that the employer provides for the employee. In exchange for giving up certain rights to sue, the employee retains protection for medical expenses from injuries they sustained while on the job.

Fire Coverage – Even the smallest of fires can cause irreparable damage to your business. Your business and personal property need to be protected in the event of a fire. There are two certain types of policies: peril and all risks. Insurance companies will look at such factors as what type of construction, how you use the premises, available fire protection, the contents, and equipment, to name just a few.

Interruption of Business – If an event causes loss of business due to an insured peril, business interruption insurance can ensure the income of the company. This can help keep you afloat until you’re able to get things back under control.

General Liability – This covers a broad spectrum of liability exposures. There exist two types of policy triggers that can generate coverage: occurrence and claims made. There are other considerations as well, such as contractual liability, duty to defend, aggregate limits, pollution exposures, and fire legal liability.

Bonds – A bond is different from insurance in the sense that it expects zero loss. It generally guarantees performance, or that certain things will or won’t happen or be done. There are usually three parties involved with a bond: the surety (insurance company), oblige (the owner or whoever will benefit in the event of a loss), and the principal (the entity that the bond guarantees).

There are many other types of business insurance policies available, such as:

• General liability insurance
• Business property insurance
• Commercial property insurance
• Excess and umbrella
• Inland marine
• Package policies
• Flood and earthquake
• Workers compensation insurance
• Specialty programs for bars and nightclubs insurance
• Specialty programs for cyber liability insurance
• Specialty programs for fitness Center/Gym insurance

• Specialty programs for firearm self-defense insurance