Smyrna, GA, is just a few minutes away from Atlanta's metropolis, making it an excellent place to own a business. Known for its jonquil flowers that bloom each year, this city has a lot to offer.
If you own a company in the 56,685 resident town, you'll need an adviser. An independent insurance agent can help you find the right coverage within your budget. You can connect with a local expert today.
If You Own a Smyrna, GA, Commercial Property, Are You Covered?
Natural disasters, catastrophes, and theft are regular occurrences for commercial properties. To protect your structure and business belongings, you'll need advice from an agent. Commercial property insurance can help you secure your asset. Here are a few items a professional will need to know to get started:
- The year your commercial property was built
- The market value of your commercial property
- What protective and security devices are in place
- The total square footage of the structure
- If you have filed any prior claims
- If you rent out the location and what operations the tenants perform
Every state will have common weather patterns depending on where you live. In Smyrna, GA, the top five most reported property claims are as follows:
- Severe storms and lightning
- Burglary and other property crimes
- Wildfires and residential fires
- Flooding and water damage
To make sure you have the right policy in place, connect with an expert. A local adviser can find the coverage you need to protect your property. Contact a Smyrna independent agent to get quotes.
Does Your Business Have All the Liability Insurance It Needs in Smyrna, GA?
Your business could be at risk if you haven't had a professional review of your policies. When you lack vital coverages, you could be opening up your company to massive exposure. To protect your finances and keep your operation running, take a look at a few items you need to have:
Cyber liability insurance: This policy will help pay for a loss when a data breach occurs, and your company is the target. When a customer sues, and you're without coverage, you'll be wishing you had cyber liability. 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 local independent agent can help find the right cyber policy for your business.
Commercial general liability insurance: A CGL policy will protect your finances from a lawsuit. Liability claims are expected as a business owner, so you should be prepared with proper insurance. Discuss limits of liability with a trusted adviser.
Umbrella Insurance: Umbrella insurance will provide an additional layer of liability protection. When a large claim occurs and wipes out your underlying CGL policy, umbrella insurance will apply. Connect with a Smyrna independent agent to discuss your commercial insurance.
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Other Coverages Your Business Should Have in Smyrna, GA
There are specific coverages you can add to your business insurance plan. Some are needed, while others may not apply. To know which policies your company needs, speak with a local adviser. Take a look at some optional coverages that your business should have:
Flood insurance: Like homeowners insurance, your commercial property will need a separate flood policy. Flood insurance provides coverage for flood damage. Without it, you'll have to pay out of pocket. Discuss your flood options with an independent agent.
Business interruption insurance: This coverage will pay for regular business expenses if your company has to be shut down for a time. This will usually provide 12 - 24 months of coverage. Speak with an agent about adding this to your CGL policy.
Employee benefits insurance: Employee benefits will help pay for your staff's healthcare, life insurance, or disability insurance policies. This is a huge value to add to attract and retain employees. Let's look at the facts:
- Average annual health premiums for family employee coverage in 2019: $20,576
- Average annual health premiums for single employee coverage in 2019: $7,188
Your culture is important and can be instilled by you as the owner. Connect with a local independent insurance agent to create an employee benefits package.
Does Smyrna, GA, Require You to Carry Workers' Compensation Insurance?
Every state has its own mandates on workers' compensation insurance. Smyrna, GA, requires coverage when you have three employees or more. Most advisers would tell you to obtain insurance when you were thinking of adding one employee. Let's see how workers' compensation provides coverage:
- 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
To avoid paying for any medical, disability, or lost wages out of pocket, get a workers' compensation policy. Since the state governs coverage, an expert should help. Contact a Smyrna independent agent to get quotes started.
Why You Need a Smyrna, GA, Independent Insurance Agent
In Smyrna, GA, your business should be adequately protected by a professional. An independent insurance agent can run quotes with dozens of carriers at once.
Since they have a vast network of options, you'll get the best coverage for an affordable price. Go to TrustedChoice.com to find a local expert today.