Kernersville, NC, has an artist's touch. It's famous for the iconic historic house honoring Julie Gilmer Korner. With 24,386 residents that call this small-town home, it's an excellent place to put down roots.
If you're one of the 913,398 businesses in North Carolina, you'll want proper protection. An independent insurance agent can show you policy options for a low price. Get connected with a local expert in minutes.
Commercial Property Coverage in Kernersville, NC
Commercial insurance needs to be right the first time. The majority of property policies don't have enough coverage to replace your building 100%. 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 make-up
- Total square footage
- Operations that occupy the property
- Market value and replacement cost
- Prior property claims
Common property risks in Kernersville, NC
- 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
If your structure doesn't have a separate flood policy, you're not covered. Flood damage is excluded from all commercial property policies. To get coverage immediately, consult with a professional.
Common Liability Coverages You Need in Kernersville, NC
In 2019, North Carolina had $9,827,941,000 in commercial claims paid. Liability-related losses are the most common occurrences reported. To have adequate protection, take a look at the following options.
Cyber liability insurance
Cyber liability is often not purchased, but could save your business from financial devastation. It will pay for a loss when sensitive data like personal information about employees or clients is stolen. Instead of you being responsible for the damages, cyber liability insurance will pick up the bill.
Business interruption insurance
This coverage can be added to your general liability policy for a price. It will keep your business operational when a catastrophe shuts you down. Coverage typically lasts 1 to 2 years.
General liability insurance
General liability insurance pays for a claim arising out of property damage, bodily injury, or slander. Since this is the most used policy for your business, it needs to be accurate. If you aren't sure what your limits are, review coverage before it's too late.
An umbrella policy will cover more substantial losses. This policy will pay for a large liability claim when your underlying coverage has been exhausted. Usually, this is an inexpensive policy to purchase.
What Your Business Needs for Employee Coverage in Kernersville, NC
There are various insurance policies that every operation needs to run smoothly. If you want to stay in business, your coverage needs to be sufficient. Protection for your employees and your finances should be considered. Take a look at some policy options below.
Worker's compensation insurance
In North Carolina, you are required to carry worker's compensation insurance when you have three or more employees. If you are an owner, partner, or member, you can be exempt from coverage. This policy will pay for lost wages and medical expenses if an employee is injured or becomes ill on the job.
Employee benefits coverage
Employee benefits will help your business contribute to life insurance and more for your staff. There are 1,700,000 people in North Carolina employed by small businesses. You can put together an inexpensive plan with a licensed professional that works for your operation.
Why You Need a Kernersville, NC Independent Agent
Your business needs to be protected if you want to stick around. An independent insurance agent can help you find the right policy for an affordable price. If you're wondering how to begin, consult with an adviser.
An independent agent works with several carriers on your behalf, giving you options on coverage and premiums. To get connected with a local expert, go to TrustedChoice. You can get started within minutes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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