Asheboro, NC, is known for its small-town living and southern charm. It is home to the North Carolina zoo which gives it a lot of city traffic. Asheboro has numerous historical sites and structures for passersby to admire.
When you're one of the 913,398 small businesses in the state, you'll want protection. An independent insurance agent will help find a policy to fit your budget. Get connected with a local adviser today.
Liability Insurance and Your Asheboro, NC, Company
The most used coverage for your business is liability insurance. In North Carolina, there were $9,827,941,000 in commercial claims paid in 2019 alone. To have adequate protection, take a look at the following options:
Cyber liability insurance: This policy is usually overlooked, and it shouldn't be. It's one of the most critical policies your business can have. It will provide coverage when your company's sensitive data is stolen.
Business interruption insurance: Business interruption will help pay for a catastrophe by keeping your business operational. Coverage lasts for 12 to 24 months, depending on your selection.
General liability (GL) insurance: GL insurance will pay for a lawsuit arising out of property damage, bodily injury, libel, or slander. If your limits are low, you could be at risk. Since this is one of the most used policies your business has, it needs to be accurate.
Is Workers' Compensation Insurance Mandatory in Asheboro, NC?
Workers' compensation insurance is mandated when you live in Asheboro, NC. If you have three employees or more, you are required to carry this policy. To ensure you're following state guidelines, review your coverages.
Workers' compensation will pay for the lost wages and medical expenses of an employee injured or ill on the job. Even though coverage is required, it's necessary for every business owner. It will help you avoid long claim payouts and expensive attorney's fees.
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Commercial Property Insurance in Asheboro, NC
The right business policy is critical if you want to stay in operation. Most commercial property policies don't provide the full replacement of your building. You'll want to go over the following items with a licensed professional to get the right insurance for your property:
- Protective devices in place
- Year built and structural makeup
- Total square footage
- Operations that occupy the property
- Market value and replacement cost
- Prior property claims
Common property risks in Asheboro, NC are listed below:
- Hurricanes and tropical storms
- Burglary and other property crimes
- Flooding and water damage
- Severe storms and lightning
- Wildfires and other property fires
Why you need flood insurance:
Commercial property insurance excludes flood damage. If you don't have a separate flood policy already, you're exposed. To avoid financial ruin, get quotes before you run out of time.
Employee Benefits in Asheboro, NC
In North Carolina, there are 1,700,000 people employed by small businesses. To stay ahead of the curve, you'll need to offer value. Fortunately, you have some options.
Employee benefits coverage will help your business contribute in a big way for a small cost. You can provide things like life insurance and accident policies to keep your employees around. Review your package options for the best offerings.
How to Connect with an Asheboro, NC, Independent Agent
To avoid going out of business, you need the proper coverage. An independent insurance agent can help with policy options. Since they work with several carriers, you'll get the best premiums on the market.
When you're tired of doing it alone, contact a professional. An independent agent does the shopping at zero cost to your business. Connect with a local expert on TrustedChoice.com to start saving.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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