Statesboro Business Insurance

Your Complete Guide to Statesboro, GA, Business Insurance

When you want an expert's opinion

Statesboro Georgia business insurance

Statesboro, GA, is home to the blues and is one of the largest towns in the county. This place is known for its musical talent, putting it on the historical map.

When you own a company in the 31,379 resident city, you'll need the right policy. An independent insurance agent can help you find business coverage for a low price. Connect with a local expert to begin your search today. 

Is Your Statesboro, GA, Commercial Property Insured Properly?

Catastrophic events and natural disasters should be covered under your commercial property insurance. When you need to protect a structure or belongings, you'll want the right coverage. Here are a few items an independent agent will need to know to get started:

  • The year your commercial property was built
  • If you rent out the location and what operations the tenants perform
  • What protective and security devices are in place
  • The total square footage of the structure
  • The market value of your commercial property
  • If you have filed any prior claims

No matter where your business is located, there will be property risks. Exposure to the elements and human nature can create a loss. Check out the top five most reported property claims in Statesboro, GA:

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

When you're trying to find the right policy, you'll need the right adviser. A Statesboro independent agent can help you obtain business insurance that fits. 

Is Your Business's Liability Insurance Enough in Statesboro, GA?

Liability is one of the most used coverages of your business policy. It will protect your finances from a lawsuit. To make sure you have adequate limits, connect with a Statesboro expert. In the meantime, take a look at a few policies you should consider:

Commercial general liability insurance (CGL): A CGL policy is one of the primary insurances for your business. If you are without coverage, you could be at a huge disadvantage. This policy will protect your operations from a variety of lawsuits. Check your liability limits with a knowledgeable resource so that you can have the right policy. 

Umbrella Insurance: Umbrella insurance provides an added layer of liability coverage when a more substantial claim occurs. If your CGL policy limits are exhausted, umbrella insurance will kick in. Contact a Statesboro independent insurance agent to get the best liability coverage for your business. 

Cyber Liability Insurance: Data breaches happen daily. If your business doesn't have protection, you'll be responsible for any financial loss. 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

Talk with an independent agent in Statesboro to quote your cyber liability today.

Additional Coverages that Your Statesboro, GA, Business Should Consider

When you're insuring your business, you're protecting your livelihood. There are a number of policies you can choose from, and knowing which one applies can be confusing. If you work with an independent agent, they can advise on what coverage is necessary. Check out a couple of policy options you may need:

Flood insurance: Like your homeowners insurance, you'll need to add a separate flood policy to cover flood damage. Most insureds miss this until it's too late. Be sure to connect with a Statesboro independent agent on your flood policy. 

Business interruption insurance: Business interruption insurance pays for regular expenses when you need to shut down operations due to a loss. Coverage can last up to 24 months if necessary. Speak with a local independent agent to make sure your limits are adequate. 

What about Workers' Compensation Insurance in Statesboro, GA?

Workers' compensation insurance is mandatory in Statesboro, GA. If you have three employees, you are required to carry. An independent agent will usually suggest that you get a policy in place with even one staff member. 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

If you're unsure how to get workers' compensation for your operation, call an adviser. An independent agent in Statesboro can help you find the lowest priced business policy on the market. 

How to Attract Employees in Statesboro, GA

When you offer employee benefits coverage, you can attract the right kind of new hires and retain current staff. An independent agent can help create a plan for your company. 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 help your staff pay for some of their high priced expenses. This can be health, life, disability insurance, or a mixture of all. When you want to bring value to the workplace, speak with a Statesboro independent agent on an employee benefits package. 

How to Work with an Independent Agent in Statesboro, GA

If you're searching for sufficient business insurance for your company, an independent insurance agent can help. With access to dozens of carriers, they can find coverage for an affordable price. 

When you want a professional for all your insurance needs, contact an independent agent. Use the find-an-agent resource on TrustedChoice.com to get connected with a local expert today. 

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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