Commercial Insurance in North Carolina
As a business owner, your business is your livelihood. After putting all the hard work and time into building it, you need to be sure that your investment is protected. At the Craig Insurance Group, our business is to protect your business. Whether you are a Raleigh, Durham, Chapel Hill, or Cary business owner, we’ve got you covered so you can do what you do best.
No two companies are the same, and we understand each policy needs to be as unique as the business. Businesses are exposed to a variety of risks, and the types of risks depend on the industry businesses operate in, among other factors. For example, it’s always wise to have coverage from “acts of God” such as hurricanes and floods, as well as health care coverage for your employees, but even these will be unique to your business.
Types of business insurance offered by the Craig Insurance Group
General Liability & Property Insurance
The purpose of general liability insurance is to protect you and your business from liability for damages on your property, damages by your employees, or damages people may experience while using your products or services.
Property insurance has more to do with covering your business and assets, rather than someone else’s person or property that you are liable for (like with general liability insurance). Your property may be damaged in a variety of ways, and property insurance is designed to pay for any repairs and replacements should these occur.
Business Interruption Insurance
If your business needs to shut down for a period of time at no fault of your own, after a break-in, vandalism or a natural disaster for example, you can lose days’ worth of revenue. Business interruption insurance can cover this period until you are able to reopen.
U.S. states, including North Carolina, have laws regulating workers compensation insurance. In North Carolina the law requires any company with three or more employees to have a workers compensation policy. This is not only important in order to remain in compliance with the law, but to also protect your employees in case they are injured on the job.
Professional Liability Insurance
When you offer your goods or services on the market, you are liable to lawsuits for negligence. “Errors and omissions” that are deemed to be your fault in a civil court will be your business’ responsibility. Professional liability insurance covers your losses in these cases.
Commercial Auto Insurance
Just like your personal home and vehicle need to be covered, any property you operate from or vehicle used by the business should be insured. The Craig Insurance Group insures business with custom commercial auto insurance plans designed for the coverage of their operations.
There are many types of businesses, so commercial auto coverage will greatly differ between a trucking company, a flower delivery service, and a restaurant for example. It is likely that all of these will require some type of auto policy though.
Raleigh, Durham, Chapel Hill, and Cary business owners can call (919) 786-1960 or stop by our office in Durham to determine what coverage is necessary for your business.