Mint Hill, NC, is a suburb of Charlotte, giving it big city access. This small town is known for its hospitality and charm. With over 26,748 residents, you'll have plenty of growth opportunities.
If you're one of the 913,398 small business owners in North Carolina, you'll want the right policy. An independent insurance agent can help with coverage and premium. Connect with a local adviser to get started.
Liability Insurance for Your Holly Springs, NC Business
Some of the most common losses your business will have are liability-related. In North Carolina, $9,827,941,000 in commercial claims were paid in 2019 alone. To have adequate protection, take a look at the following option.
Cyber liability insurance
Cyber liability insurance is overlooked a lot, but is possibly one of the most important coverages. It will help pay for a loss when sensitive data gets stolen. Without it, your business might not come back from a claim.
Business interruption insurance
This coverage can be added to your general liability insurance policy. If a catastrophe shuts you down, it will pay for your regular expenses. It usually lasts for 12 to 24 months so you can get back on your feet.
General liability insurance
General liability insurance will pay for a lawsuit arising out of bodily injury or property damage. When your business gets sued, you'll want proper limits of liability.
This policy will supply an additional limit of liability coverage when a more substantial loss occurs. If a claim maxes out your underlying general liability policy, umbrella insurance will apply. Limits typically start at $1,000,000 and go up from there.
Is Your Commercial Property Coverage Enough in Mint Hill, NC?
Business insurance is an important part of your operation. Unfortunately, most commercial property policies will only cover 80% of the value 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 make-up
- Total square footage
- Operations that occupy the property
- Market value and replacement cost
- Prior property claims
Common property risks in Mint Hill, 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
Did you know that commercial property insurance excludes coverage for flood damage? The only way to have insurance for a flood is through a flood policy. Quote FEMA- approved carriers with a professional.
Employee Coverages in Mint Hill, NC
If you have employees, you'll want to get the right protection in place. Your team helps run your day-to-day operations and should be covered for a loss. Consider these policy options.
Worker's compensation insurance
Worker's compensation insurance is mandatory in Mint Hill, NC. If you have three or more employees, you are required to carry coverage. Worker's compensation will pay for the medical expenses and lost wages if an employee is injured or becomes ill on the job.
Employee benefits coverage
In North Carolina, there are 1,700,000 people employed by small businesses. When you offer employee benefits coverage, it will help pay for employee life insurance policies and more. To add value inexpensively, create a package that works for your business.
Connect with a Mint Hill, NC Independent Agent
In order to avoid financial ruin, your business needs adequate limits of insurance. Fortunately, an independent insurance agent can help. They have access to several carriers, giving you options on coverage and premium.
An independent agent works on your behalf at no cost so that you can save. Connect with a local adviser in minutes on TrustedChoice. They can get you matched with an expert today.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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