North Little Rock has 65,911 residents that call it home. Arkansas, as a whole, has 249,907 small business owners. If you're one of them, you'll need protection for your business and staff.
An independent insurance agent can help find an affordable policy. They have access to multiple markets, so you have options. Get connected with a local expert in minutes.
Commercial Property Insurance in North Little Rock, AR
Most commercial insurance policies will not have the full coverage your business needs without a close examination. Many commercial property policies may only have up to 80% of replacement coverage. If you want to avoid financial ruin, consider reviewing your policies with a professional.
Commercial property risk factors carriers use to set premiums
- Year built
- Square footage
- Materials of building
- Insurance score
- Claims history
- Address of property
- Local weather patterns
Common property risks in North Little Rock, AR, are listed below
- Burglary and other property crimes
- Severe storms and lightning damage
- Flooding and water damage
- Severe ice storms and freezing
Here's why you need flood insurance
One item your commercial property policy will not have in North Little Rock is coverage for flood damage. A separate flood insurance policy is needed for protection. You can obtain FEMA approved quotes through a licensed agent.
Workers' Compensation Insurance in North Little Rock, AR
In North Little Rock, AR, workers' compensation insurance is mandatory when you have three employees or more. While you're not required to carry coverage for under three employees, it's still good to have. It can help your business avoid a major financial crisis.
Workers' compensation insurance will provide coverage to employees that become injured or ill on the job. It will pay for things like medical expenses and lost wages. In some cases, it will cover disability and even death benefits to surviving family members.
Liability Insurance in North Little Rock, AR
As of 2019, Arkansas has had $3,547,203,000 in commercial claims paid in one year alone. Your North Little Rock business could bear some of that cost when a claim arises. If you're without proper liability insurance, you could be hit hard. To have adequate protection, take a look at the following options.
Cyber liability insurance: Cyber liability will pay for a loss occurring due to a cyberattack. When sensitive information is stolen, your company is responsible for the damage.
Business interruption insurance: Business interruption insurance will pay for regular expenses when a claim shuts you down. Coverage can be added to your general liability policy. Payments are made for 12 to 24 months depending on your carrier.
General liability or GL insurance: GL insurance protects your company from lawsuits arising out of bodily injury, property damage, libel or slander. It is the most used policy your business owns.
Employee Benefits Coverage in North Little Rock, AR
There are 490,497 people employed by small businesses in Arkansas currently. If you want to stay ahead of the curve, you'll have to offer value. Employee benefits coverage can help show your team you care.
It will provide several different insurance options for your staff paid for in part or in full by you. How much you can afford to contribute is up to your budgetary guidelines. From health insurance to retirement, you'll have your pick of options when it comes to supporting your employees.
Why You Need a North Little Rock, AR, Independent Agent
North Little Rock, AR, business insurance can be confusing if you're not a licensed professional. Instead of trying to figure it out on your own, consider using a trained expert. An independent insurance agent can help.
They have access to multiple carriers so that you get options. An independent agent does the shopping on your behalf at zero cost to your business. Connect with a local adviser on TrustedChoice.com to begin.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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