If you own a North Carolina business, there are two types of insurance coverage that most businesses are required to have. Don't risk fees or a fine by not having the proper commercial insurance coverage. If you need coverage, contact us at Glick Insurance in North Carolina to talk to an agent about your business and the coverage it needs.
If your business has at least three people working for it, even if they are part-time, your business must have workers' compensation insurance in place for those employees. With this type of policy, medical bills that result from an accident or illness that happens on-site will be covered up to the policy's maximum amount. This protects you and your business from being sued for medical bills.
If your business owns a vehicle of any type, that vehicle must be covered by commercial auto insurance. This coverage must include amounts for bodily injury liability, an amount for property damage liability and a few coverage amounts for various uninsured motorist protection. If there is a vehicle that is not owned by the company but is involved in a lot of work activities, this vehicle should be covered by a policy type called hired and non-owned.
In addition to these two types of coverage, more policies may be helpful, depending on the type of business you own. A company that does anything online should have cyber liability insurance in place. Your business could probably benefit from a business owners' policy. These policies have a broad range of coverage types that can be highly valuable to a business.
If your business isn't as insured as it should be, gives us a call at Glick Insurance in North Carolina to make an appointment with an insurance agent.