Matthews Business Insurance

Your Complete Guide to Matthews, NC, Business Insurance

How to connect with a local independent agent

Matthews North Carolina Business Insurance

Matthews, NC, was once home to vast areas of woodlands. It was later inhabited by farmers who cleared the land for agricultural profit. With over 32,117 residents, this small town has plenty of growth opportunities.

If you're one of the 913,398 small business owners in the state, you'll want proper protection. An independent insurance agent can help with coverage and cost. Connect with a local expert to begin.

Liability Insurance in Matthews, NC

In 2019, there were $9,827,941,000 in commercial claims paid in North Carolina. Typically, liability losses make up a majority of those claims. To have adequate protection, take a look at the following options:

Cyber liability insurance: This policy is commonly missed but is one of the most important. It will help you pay for damage arising out of a cyberattack. If your sensitive data gets compromised, you'll be responsible for the loss. 

Business interruption insurance: This policy pays for business expenses for 12 to 24 months while you have to close your operations. When a catastrophe occurs, you'll be glad you have this coverage. Get it added to your general liability by your agent. 

General liability or GL insurance: GL insurance will pay for damage arising out of bodily injury, property damage, libel, or slander. Since this is one of the most used policies that your business will have, you'll need the right limits. Review your policies to ensure you're covered.

Employee Coverage Options in Matthews, NC

If you are looking to employ staff, there are some things you need to know. Like which policies protect your business and employees. To have proper protection, consider the coverage options below:

Workers' compensation insurance: In Matthews, NC, workers' compensation insurance is required when you have three employees or more. It will pay for the lost wages and medical expenses of an employee injured on the job. Take a look at your policy coverages to make sure you have the correct limits in place. 

Employee benefits coverage: To stay ahead of the curve, you'll need to offer employee benefits to your team. There are 1,700,000 people in North Carolina employed by small businesses. If you add value by contributing to life insurance and more, you will attract and retain staff. 

Commercial Property Insurance for Your Matthews, NC, Business

Did you know most business insurance policies don't have enough coverage? Commercial property insurance usually only insures your building up to 80% of its value. 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 Matthews, NC, are listed below:

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

Why you need flood insurance:

Flood damage is excluded from your commercial property policy. If you don't have a separate flood insurance policy, you're not insured. Get FEMA approved quoted before it's too late.

How to Work with a Matthews, NC, Independent Agent

If you're in the habit of trying to find coverage on your own, you could be missing key items. Fortunately, an independent insurance agent works on your behalf at no cost to you. They have access to several carriers, giving you options. 

With all the policies your business might need to be protected, consult with a professional. TrustedChoice.com can connect you with a local expert in minutes. Use the find-an-agent tool to get started. 

Share this page on Twitter Share this page on Facebook Share this page on LinkedIn

TrustedChoice.com Article | Reviewed by Jeffrey Green

©2020, Consumer Agent Portal, LLC. All rights reserved.

https://www.city-data.com/city/Matthews-North-Carolina.html

https://www.matthewsnc.gov/pview.aspx?id=20684&catid=563