Fairmont, WV, is home to tourist attractions that bring in more business. From state parks to theme parks, this small town has a lot to offer. With over 18,467 residents, you'll have a lot of opportunities.
When you're one of the 113,410 small business owners in West Virginia, protection is important. An independent insurance agent can help with coverage and price. Connect with a local adviser to get started today.
Commercial Property Insurance in Fairmont, WV
Your commercial insurance is essential to surviving as a successful business. Did you know that most property policies will only insure up to 80% of the building value? That makes you responsible for 20% of a loss. To get the right coverage, speak with an agent on the following items concerning your structure:
- Year built and structural makeup
- Total square footage
- Operations that occupy the property
- Market value and replacement cost
- Protective devices in place
- Prior property claims
Common property risks in Fairmont, WV, are listed below:
- Flooding and water damage
- Severe storms and lightning damage
- Hurricanes and tropical storms
- Burglary and other property crimes
- Severe storms and lightning damage
Does your Fairmont commercial property have flood insurance?
Flood damage is not covered under your commercial property policy. For that, you'll need separate flood insurance. Connect with a Fairmont independent agent for quotes.
Employee Coverages Your Fairmont, WV, Business Should Consider
When it comes to your staff, there are a couple of policies you'll want to consider. These coverages will protect not only your employees but your business as well. A local adviser can help you review which ones make sense.
Workers' compensation insurance: When you have employees, the state of West Virginia requires you to carry workers' compensation insurance. This will help pay for lost wages and medical expenses of an employee injured on the job. Contact a Fairmont independent agent to navigate this state-led plan.
Employee benefits coverage: With 275,145 people in West Virginia employed by small businesses, the competition is fierce. If you're looking to retain and attract a team, employee benefits can add value. This coverage will allow you to contribute to your employee's health insurance and more. Discuss options with a Fairmont independent agent.
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Umbrella Insurance for Your Fairmont, WV, Business
Umbrella insurance is an additional policy that goes above and beyond your primary business policies. It will add a layer of liability protection for a more substantial loss. When a large claim exhausts your underlying coverages, umbrella insurance will apply.
This coverage can be added for a low annual premium and is necessary for a claim that gets out of control. Limits of protection start at $1,000,000 and go up from there. Connect with a Fairmont independent agent for details.
Does Your Fairmont, WV, Business Have All the Liability Coverage It Needs?
There were $1,699,944,000 in commercial claims paid in West Virginia in one year. If your business doesn't have the right protection, some of that loss could be yours to bear. Speak with an independent agent about the following liability insurances:
Cyber liability insurance: Cyber liability insurance will help pay for the damage resulting from a cyberattack. When sensitive client or employee information is stolen, you'll be responsible. Contact a Fairmont independent agent to discuss further.
Business interruption insurance: Business interruption insurance will pay for your expenses when a catastrophe shuts you down. This policy will provide coverage for up to two years, keeping you afloat. Connect with a Fairmont independent agent to add this coverage.
General liability insurance: GL insurance is your business's primary policy. It will protect your finances when a lawsuit arises out of bodily injury or property damage. Speak with a local independent agent to review your limits.
How Working with a Fairmont, WV, Independent Agent Saves You Money
Your business coverage is an important piece to your growth and success. When you have the right policies, you'll have protection for the future. An independent insurance agent can find the best coverage for an affordable price.
They work with several markets, saving you time and money. When you want a professional, connect with one of the West Virginia agents on TrustedChoice.com. You can use the find-an-agent resource to begin.