It's easy to understand why small businesses and entrepreneurs flock to Macon, GA. The Heart of Georgia offers an ideal geographical location, paired with a welcoming community, thriving economic district and supportive chamber of commerce. Whether you've just launched your company or are looking to expand and grow within the state, your small business faces numerous risks that you may or may not know about.
Trusted Choice® Independent Insurance Agents can help. Our agents are extremely familiar with the small business scene in Macon and are here to assess your risks and find you comprehensive protection. Take advantage of our resources and knowledge to find a Macon commercial insurance policy that works for you so you can get back to work with peace of mind and financial security.
As a small-business owner, you need to protect yourself across the spectrum. Something as small as a slip and fall can prompt a lawsuit, but how will you bounce back financially? Liability insurance does even more — protecting you against product malfunctions and negligence claims — to ensure you're not forced to pay out of pocket for legal and associated costs.
- General Liability: According to the 2015 Travelers Business Risk Summary, 60% of small-business owners ranked medical cost inflation as their highest concern and more than 30% said they felt the least prepared to handle this concern. This coverage is the most basic one out there — the foundation for how the rest of your business thinks about protection. Talk to a Trusted Choice agent about how essential general liability coverage is.
- Product Liability: A national study found that 71% of product liability awards by the courts amounted to $1 million or more — showing the significance of product liability coverage. If something you sell, manufacture or distribute causes injury to someone, you could be held at fault. Don't let something so easy to protect give you a financial and legal headache.
- Professional Liability: Also known as errors & omissions insurance, professional liability is for practicing lawyers, architects and consultants who give advice to their customers. If you're sued for negligence, judgement errors or failure to act in a timely manner, this coverage gives you a layer of protection.
Business Interruption Insurance for Macon Businesses
Your success impacts not only the bottom line for your small business but also state and national economic measures. In 2014, Georgia's gross state product was 0.4% less than the 2014 gross domestic product — which is why your company needs to continue making profits no matter the situation. But if a storm rolls through and forces your business to shut its doors, how will you respond? With business interruption insurance, you are compensated for the profit you would normally be making — a continuation of income so you can continue to pay employees and keep up with monthly expenses. A Trusted Choice agent can tell you more and explain the details of this necessary add-on coverage.
Property Insurance for Businesses in Macon
There were 119 natural disasters in the U.S. in 2014. As a result, only 61% of losses from natural disasters were covered, while $9.7 billion from damage was not. The costs associated with making repairs after a fire, flood or tornado can be unrealistic, but with comprehensive property insurance, you'll stay afloat. Consult with your local Trusted Choice agent about your particular business, since there are a number of specifically designed coverages that you should take into account when looking at property protection.
Workers' Compensation for Macon Businesses
Nationally, the cost of workers' compensation coverage is $1.27 for every $100 in wages, or $612 per employee. But a Trusted Choice insurance agent can work to find you something that fits your needs within your budget. If a worker is injured or suffers an illness while on the job, workers' compensation coverage pays for covering the associated costs, such as medical payments and lost wages. This insurance prevents your business from facing a lawsuit — keeping operations moving and stable.
Employee Coverages for Businesses in Macon, GA
Businesses in the Peach State spent $1,566,186 on premiums in 2013 — the 40th highest premium spent in the country. To break it down, the annual cost of health care for small businesses was $5,003 for a single person plan and $14,762 for a family plan — 11% and 8% less than national averages, respectfully. But because your employees work so hard for you, shouldn't you do the same? Given the complexity of health care regulations, you need someone on your side who understands the details and understands the restrictions you face as a small business.
Cyber Crime Insurance for Macon Businesses
In today's increasingly digital and technological world, cyber crime insurance is essential for your small business. No matter the kind or amount of personally identifiable information you have, your company is at risk for data breaches and hacks. Only 22% of businesses have a cyber/data breach plan in place, but considering the 11,384 identity theft complaints that Georgia saw in 2014, you can't afford to skimp out on this coverage. A Trusted Choice agent will explain how to protect yourself in the fifth highest state for identity theft complaints.
Find the Right Macon Commercial Insurance for Your Business
Protecting your Macon small business doesn't have to be complicated. Let a Trusted Choice agent guide you through the process — assessing your risks and answering your questions until you feel comfortable purchasing a Macon business insurance policy. Because we aren't tied down to one carrier, we're able to compare quotes from a number of carriers to find the most comprehensive and affordable policy out there. Let your local Trusted Choice agent handle the nitty gritty work while you focus on your bottom line.