New Bern used to be the first state capital of North Carolina. It has entertained American royalty such as George Washington. With over 29,590 residents, you'll have opportunities to succeed.
If you're one of the 913,398 small business owners in North Carolina, the right policy is important. An independent insurance agent will be able to find coverage for a low price. Get connected with a local expert to begin your search for a policy that you can trust.
Commercial Property Insurance in New Bern, NC
Business insurance is essential if you want to run a smooth operation. Did you know that most commercial property policies only insure up to 80% of your building's 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 New Bern, 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:
Floods are not covered under your commercial property policy. That means if you sustain damage to your structure due to flooding, you're without insurance. Get quotes on all your exposures before it's too late.
Types of Employee Policies in New Bern, NC
In order to have proper insurance, there are several policies you may need to obtain. Policy options for your employees can be confusing if you're not sure what's required. Consider the below coverage options:
Workers' compensation insurance: Workers' compensation will pay for the medical expenses and lost wages of an employee injured or ill on the job. When you live in New Bern, NC, workers' compensation insurance is mandatory if you have three employees or more. There are regulated limits that will need to be acquired as well.
Employee benefits coverage: With 1,700,000 people employed by small businesses in North Carolina, you'll need to add value. Employee benefits coverage is the perfect way to attract and retain staff. It will contribute to life insurance, gym memberships, and more.
Liability Insurance in New Bern, NC
In 2019, there were $9,827,941,000 in commercial claims paid in North Carolina. Many of those payouts were liability losses. To have adequate protection, take a look at the following options:
Cyber liability insurance: Cyber insurance is a critical policy that most business owners don't have. It will pay for the damage arising from a cyberattack. Some cyber-related losses could result in financial ruin.
Business interruption insurance: Business interruption insurance can be added to your general liability policy for a fee. It will pay for regular business expenses when a catastrophe closes your doors. Coverage usually lasts one to two years.
General liability or GL insurance: Your general liability policy is the most used when it comes to claims. GL insurance will pay for a lawsuit arising out of property damage, bodily injury, libel, or slander. Go over your limits of protection today.
Why You Need a New Bern, NC, Independent Agent
Business insurance can be a tricky thing if you're not a licensed professional. When you need to protect your livelihood and staff, use an independent insurance agent. They have access to several markets, saving you time and premium dollars.
If you're tired of doing it alone, consider a trusted adviser. An independent agent works on your behalf at zero cost to your business. Connect with a local expert on TrustedChoice.com to begin.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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