Thomasville, NC, is known as the oldest railroad depot in the state. Furniture manufacturing is an important industry here, making this place famous. With over 26,615 residents, there is a lot of room for growth.
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 get the coverage you need for a low price. Connect with a local expert in minutes to begin your search for a comprehensive policy you can trust.
Liability Insurance in Thomasville, NC
North Carolina has $9,827,941,000 commercial claims paid in 2019 alone. It's important to have the right liability coverage in place. To have adequate protection, take a look at the following options:
Cyber liability insurance: This policy is usually overlooked but is possibly the most important. It will help pay for a cyberattack loss. When sensitive client data is stolen, you'll be responsible without coverage.
Business interruption insurance: When a catastrophe shuts you down, business interruption coverage pays for your expenses. It will keep you operational until you're able to open up. Coverage lasts anywhere from 12 to 24 months.
General liability or GL insurance: GL insurance will pay for a claim arising out of bodily injury or property damage. It is the most used policy your business will purchase. Make sure the limits of protection are correct.
Commercial Property Coverage for Your Thomasville, NC, Building
Most business policies only offer 80% of replacement coverage and leave the rest as your responsibility. To avoid a massive expense, review your property insurance before a loss. You'll want to go over the following items with a licensed professional to get the right insurance for your structure:
- 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 Thomasville, 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:
When your business doesn't have flood insurance, you're at risk. Your commercial property policy excludes coverage for flood damage. The only way to have insurance is by obtaining a separate policy.
Do You Have These Employee Coverages in Thomasville, NC?
There are several insurance policies that every business owner needs. When you want to run a smooth operation, consider employee policies to insure your bottom line and staff. Check out the coverage options below:
Workers' compensation insurance: Workers' compensation will pay for the lost wages and medical expenses of an employee injured on the job. If you're an employer in Thomasville, NC, you must carry coverage when you have three employees or more. Review your policy to make sure it matches state guidelines.
Employee benefits coverage: North Carolina has 1,700,000 people employed by small businesses. When you offer employee benefits like life insurance, it's an inexpensive way to add value. If you're looking to attract and retain a team, consider package options.
How to Work with a Thomasville, NC, Independent Agent
Your insurance policies need to be accurate the first time. If you have a loss, you could be missing key coverages without the help of a professional. Consult with an independent insurance agent to get a policy that fits your coverage needs.
They use multiple markets when shopping for a policy, saving you time and money. Since they work at no cost to you, it's a win-win. Connect with a local expert on TrustedChoice.com to begin your search for a reliable policy.
TrustedChoice.com Article | Reviewed by Jeffrey Green
©2021, Consumer Agent Portal, LLC. All rights reserved.