As a business owner in Ball Ground, GA, your company faces challenges and risks every day. That’s why you need insurance to protect your business from collapsing on the encounter with these risks. Commercial insurance from The Sanford Group protects your company against theft, vandalism, lawsuits, property damage, loss of income, and employee injuries, among other risks.
Types of Commercial Insurance
If you’re wondering what types of commercial insurance will protect your business, here we got you covered. To determine your best choice, you need to consider factors such as location, size, industry, and the number of employees of your business.
The most common commercial insurance policies are:
- Liability coverage
- Property coverage
- Workers’ compensation insurance
Liability coverage protects your business against risks such as bodily injuries, errors and omissions, property damage, and advertising injury. This coverage is necessary for business owners unless they want to pay for losses from their pocket.
Some specific policies that fall under liability coverage include general liability, commercial umbrella, and professional liability insurance.
Workers’ Compensation Insurance
If your business employs three or more workers, it is a legal requirement to have this insurance in Georgia. This coverage helps your business handle claims that may come from workers’ illnesses and injuries. It also includes benefits forwarded to the worker’s family in the case of death.
The cost of workers’ compensation insurance for your business may depend on factors such as payroll size, claims history, and workplace risks.
About half of small businesses that close due to a natural disaster never reopen. The truth is that most of these businesses lack the financial power to bounce back from a severe case of property damage. It is costly, and that’s what makes this coverage necessary for a business.
Property insurance will protect your business against risks such as theft, storms, and theft.
Protect Your Business With Commercial Insurance Today
Are you living in Ball Ground, GA, and wish to protect the business you’ve worked so hard to build? The Sanford Group is your partner in matters of commercial insurance. Get in touch with us, and let’s see what best deserves your company.