Business insurance is a plan designed to cover your company against losses related to hazards like hurricanes, severe storms, wildfires, property crimes, and liability lawsuits. Although a business insurance policy is not required by law, some types of business coverage may be. If you have at least three employees, you will be required to have worker's compensation insurance; and if your business owns and operates vehicles, you will need to cover them with a commercial auto insurance policy.
The cost of business insurance can vary significantly from one company to the next. Factors that may influence your rates include the size of your business, the value of your commercial assets, your liability risks, and the number of people you employ. There are several different policy types and options that you can choose from as you customize your commercial coverage. An independent insurance agent can help you find the best price for the coverage you need while ensuring that you are not spending money on coverage that doesn’t make sense for your particular business.
In the environmental business, it's hard to find a company that will have the coverage that we need or that will even cover us at all. So, we found an agent at Trusted Choice who was willing to write us a policy. The process was easy, and I will continue to refer them to anyone in search of business insurance.Joe of Asheville, NC Consumer Affairs
Every business is different. That is why commercial insurance providers allow business owners to customize their insurance so that every policy is customized to meet each individual company’s specific coverage needs. An independent insurance agent can work with you to ensure that you understand your multiple coverage options and that your policy does not include any unintentional coverage gaps. A typical business insurance policy in North Carolina covers:
Although hurricane damage is covered by most business insurance policies, the flood damage that typically goes along with these storms is not. If your business is located in a flood zone, or is otherwise at risk for flash flooding, be sure to talk to your independent insurance agent about supplementing your coverage with a commercial flood insurance policy through the National Flood Insurance Program (NFIP).
There are currently 693 independent insurance agencies in North Carolina who are ready to help. These agents can save you time and money by helping you find reasonably-priced coverage that is custom-built to meet the specific coverage needs of your North Carolina business. Talk to an insurance agent near you to get more information and to start comparing commercial insurance quotes.