Small businesses and entrepreneurs thrive in Decatur, GA due to its welcoming community, proximity to Atlanta and networking possibilities. The diverse range of large and small businesses gives its residents a range of opportunities to shop for and receive high-quality services. But business owners face a multitude of risks when it comes to property damage, customer lawsuits and employee coverages.
Business insurance can be a little complicated. But TrustedChoice.com independent insurance agents are here to find you a comprehensive policy that meets all of your needs at an affordable price. Our local agents are knowledgeable about the Decatur small-business scene and will compare quotes from numerous carriers until the right policy is in your hands.
Any good business has liability insurance to protect it against something as small as a slip and fall or as large as a negligence claim. Trusted Choice agents understand all the risks you face as a business owner and want to help you receive customized, affordable insurance.
- General Liability: The smallest of falls can result in a lawsuit, which is why you need good liability insurance. According to a recent Travelers Business Risk Summary, 60% of small-business owners ranked medical cost inflation as their highest concern and over 30% said they felt the least prepared to handle this concern.
- Product Liability: According to a national study, 71% of product liability awards and 53% of medical malpractice awards by the courts amounted to $1 million or more. For those small Decatur businesses that produce, manufacture or distribute products, this coverage is for you. A faulty product or malfunction can result in a costly legal battle, so protect yourself with product liability insurance.
- Professional Liability: Also known as errors & omissions insurance, this coverage protects businesses and individuals who regularly dish out advice. Professional liability insurance covers against the legal costs associated with lawsuits and negligence claims from a customer or client.
Business Interruption Insurance for Decatur Businesses
If an unexpected event forces you to shut your doors, you shouldn't have to suffer financially. The Peach State reported a GSP of 1.8% — 0.4% less than the GDP — which shows how essential it is to keep profits high. Business interruption insurance compensates you for revenue you would normally be making during a shutdown. A Trusted Choice agent will gladly discuss how beneficial this coverage becomes when you least expect it.
Property Insurance for Businesses in Decatur
Did you know that only 61% of losses from 119 natural disasters were covered recently? The $9.7 billion of damage that was not covered caused serious financial ruin for many small-business owners. The right property insurance should cover you if bad weather breaks windows, causes roof damage or inflicts even worse damage. Make sure you're covered for repair or rebuilding costs so a fire, tornado or car accident doesn't prevent you from improving the bottom line.
Workers' Compensation for Decatur Businesses
If an employee is injured on the job or suffers from an illness associated with the job, your small business could see nasty legal costs. Workers' compensation coverage protects you against these risks and helps protect you against a lawsuit. Nationally, the cost of workers' compensation coverage is $1.27 for every $100 in wages, or $612 per employee. To safeguard against the unexpected, talk to a Trusted Choice agent about your workers' compensation policy opportunities.
Employee Coverages for Decatur Businesses
Your employees work hard for you, so shouldn't your Decatur business do the same for them? Health care, life insurance and workers' compensation are all essential parts of commercial insurance, but it's hard to know what's best, with so many options out there. Recently, Georgia businesses spent roughly $1,566,186 on premiums, while annual health care costs came in at $5,003 for a single person plan and $14,762 for a family plan. These rates were less than national averages by 11% and 8% respectfully, but it's still a cost business owners should take seriously. Let our Trusted Choice agents walk you through your employee coverage options.
Cyber Crime Insurance for Businesses in Decatur
Georgia ranked as the fifth highest state for its 11,384 identity theft complaints. And considering only 22% of small businesses have a cyber or data breach response plan in place, it's time to reconsider the significance of cyber crime insurance coverage. Whether your business holds immense personally identifiable information or just basic employee information, you're still at risk. Ensure you're protected from hackers by talking to a Trusted Choice agent about adding cyber coverage to your Decatur business insurance policy.
Find the Right Decatur Commercial Insurance for Your Business
With so many options and risks, the business insurance realm can be overwhelming. Let a Trusted Choice independent insurance agent guide you through the process, assess your needs and find you a customized Decatur commercial insurance policy. Our agents know small businesses well and will work with you personally to find something that protects what you've worked so hard to achieve.
TrustedChoice.com Article | Reviewed by Jeffrey Green
©2021, Consumer Agent Portal, LLC. All rights reserved.