We have virtually all types of businesses in Georgia. From worldwide corporations in Atlanta to farms in our rural areas, our economy is as diversified as ever. We have even added automotive production as a growing sector. More businesses are discovering what a great place our state is to set up shop.
If you are a business owner in Georgia there are three things to know about your commercial insurance. Knowing these three will ensure you are properly covered while saving the most money.
- Know the difference between Basic Form vs Special Form property insurance. Basic Form insurance specifies what perils are covered under the policy. Special Form insurance covers all perils to your property unless they are specifically excluded. It is a big difference that can cost you if you are not aware. Most businesses prefer the broader cover of Special Form insurance.
- You should know that insurance agencies are defined in one of two categories. There are captive agencies, and there are independent agencies. Captive agencies are branded by the insurance company they represent, and they only sell that one company’s products. Independent agencies have the ability to search from multiple carriers, providing clients with a wider range of choices.
- Getting a review of your commercial insurance can make sure you have the coverage you believe you do. Businesses change. You should know if your commercial coverage is keeping up. An insurance review is free and there is no obligation.
Sanford Group Insurance is an independent agency that will be more than happy to review your commercial coverage with you. We’ll help you understand where you are, and aren’t covered. If you like, we can search our network of insurance providers to locate a better price without sacrificing coverage.