If you are a business owner in South Carolina and North Carolina, you should consider commercial insurance to help protect your business against financial hardships and lawsuits that result from work-related accidents. For example, employee injury or claims of negligence, and even customer slips and falls are just a few of several situations that can overwhelm any business without adequate protection. We can help you choose the right coverage here at Greenville Insurance Advisors LLC.
Commercial Insurance Requirements
All South Carolina and North Carolina businesses with at least four or more employees are required to obtain workers’ compensation insurance to help protect employees. This law also includes part-time workers and family members who work for your business. Additionally, if your company owns any commercial vehicles, you must obtain the necessary auto insurance to protect you.
Commercial Insurance Coverage
There are various coverage options available to help keep your business protected, including:
- General liability- This is the most popular type of insurance coverage available. It protects your business against property damage and third-party bodily injury, advertising, and personal injury.
- Business owner’s policy- This is a combination of liability and property coverage in one easily manageable policy. This is perfect for you if your business is small to medium-sized and rents or owns your commercial property.
- Cyber insurance- This will protect your business against cyber-attacks and data breach incidents. It includes first-party and third-party protection, including data recovery and legal fees.
- Professional liability- This protects your business against claims of professional negligence, whether alleged or actual and can help pay your defense fees.
Please contact Greenville Insurance Advisors today to obtain a commercial insurance quote. We serve all businesses in the state of South Carolina and North Carolina.