Similar to your auto insurance protecting your assets in an accident, so too does commercial insurance safeguard your small business and employees. Typically, commercial insurance policies include coverages like liability, property, auto insurance for company vehicles, and crime. Still, you also have the option of purchasing additional coverage such as workers’ compensation, business interruptions insurance if your company is forced to close for a period of time and much more.
Whether your business is in Greensboro or Chapel Hill, North Carolina maintains minimum insurance requirements that you, as the business owner, will be required to carry. These requirements are designed to protect both your business and employees if something goes wrong. If your business employs three or more people - regardless of whether they are full time or part-time - you must purchase workers’ compensation insurance. In short, workers’ comp pays the medical bills for workplace injuries and protects the employer from additional liability due to that injury. Additionally, North Carolina requires that any vehicles owned by the business must have commercial auto insurance with bodily injury liability, property damage liability, and uninsured motorist coverage on the policy. Although not required, business owners may also want to purchase optional commercial insurance coverage, such as general liability insurance, professional liability insurance, and cyber liability insurance.
Located in the heart of Greensboro, we are much more than just your traditional insurance agency. Combining our love of coffee with our passion for helping our community choose their insurance needs, we are a local establishment that puts our customers first. Stop by today for a delicious cup of specialty coffee before you schedule a meeting with one of our insurance professionals. At Cafegency Insurance, we’ll help you choose the right policy for your needs and answer any questions that you have.