Gainesville Business Insurance

Your Complete Guide to Gainesville, GA, Business Insurance

When you need a trusted adviser in your corner

Gainsville Georgia business insurance

Gainesville, GA, is known for its iconic views and mountainous terrain. Labeled a hospitable place, you'll feel right at home here.

If you own a business in this friendly town of 40,359 residents, you'll need a local adviser. An independent insurance agent has options on policy and price. Connect with a trusted expert in your area to start saving today. 

Do You Still Need Gainesville, GA, Workers' Compensation Insurance with Only One Employee?

In Gainesville, GA, you are required to carry workers' compensation insurance as an employer. The rule is if you have three or more employees, you are mandated to have coverage. Most agents would agree that you need a workers' compensation policy with as little as one staff member. Let's see how coverage would apply:

  • Pays for medical expenses of an injured or ill employee hurt on the job
  • Pays for lost wages of an injured or ill employee hurt on the job

If you are without proper protection and an employee sues due to a work injury, you could be paying out of pocket for a long time. Since there is no telling how far a claim can go, it's best not to take the chance. Talk with a Gainesville independent agent to go over your workers' compensation insurance. 

Insurance Your Gainesville, GA, Business Shouldn't Go Without

Your business should be covered for all the what-ifs. When a claim arises, and you're without coverage, your finances will take the hit. To be proactive, get the right policies in place the first time. If you have any of the below risk exposures, speak with an independent agent about coverage:

Commercial property insurance: A commercial property policy will protect your structure and belongings so you can replace or repair it when a catastrophe occurs. Some common weather-related property risks in GA are:

  1. Severe weather and storms
  2. Tornadoes
  3. Burglary and other property crimes
  4. Wildfires and residential fires
  5. Flooding and water damage

Get the best insurance for your Gainesville building with a local adviser.

Flood Insurance: Flood damage is not an included coverage on your property policy. You'll need a separate flood insurance policy to be adequately insured. Contact an independent agent to obtain quotes today.

Business interruption insurance: This coverage will pay for regular business expenses like payroll and insurance when your operations are shut down. Contact a Gainesville independent agent to get the right limits for your business insurance. 

If You Want to Attract and Retain the Right Gainesville, GA, Employees

When you offer employee benefits, it helps your company attract the right talent. It will keep your current staff around as well. An independent agent can help come up with a creative plan for your business. Let's take a look at the facts:

  • Employer health insurance contribution in the US as of 2018: 77%
  • Average annual health premiums for family employee coverage in 2019: $20,576
  • Average annual health premiums for single employee coverage in 2019: $7,188

Employee benefits will consist of your company contributing to health insurance, life insurance, and disability insurance costs. This can be a huge weight off of an employee's financial future. Speak with a Gainesville independent agent to get the right employee benefits package for your staff.

Why You Need Liability Insurance for Your Gainesville, GA, Business

Liability insurance is one of the most used coverages in your business policy. It will protect your company from a variety of lawsuits. When you're unsure what limits you should obtain, an adviser can help. Check out a few standard policies below:

Commercial general liability insurance (CGL) explained: CGL insurance is the primary policy for your business. It will cover your finances in the event of a lawsuit. To make sure you have the right limits, connect with an independent agent.

Cyber liability insurance: The majority of business owners go without cyber liability insurance. It can save your company from a huge financial loss. If a data breach occurs, you'll be responsible for any stolen client or employee information. Let's take a look at some facts:

  • Number of US identity records exposed in 2019: 164.68 million
  • Number of US data breaches in 2019: 1,473

A Gainesville independent insurance agent can run quotes for your business today.

Umbrella insurance explained: Umbrella insurance will help pay for a larger loss when your underlying CGL policy limits have been exhausted. Business claims can get out of control fast. Contact a Gainesville independent agent for an umbrella liability policy. 

Why You Need an Independent Insurance Agent in Gainesville, GA

To find the right business insurance for a low price, an independent insurance agent can help. They work with several carriers, finding you coverage and pricing to fit your needs. 

Since independent agents shop on your behalf, they save you time and money. Go to TrustedChoice.com to get matched with the right commercial adviser for your policies. 

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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