Becoming a small business owner is a big dream for many people in the Mooresville, NC area. When you are here, you can find that it is an excellent place for you to start a company. However, there are still risks that you may face. One way to protect your business is by getting a proper commercial insurance plan. This coverage is often needed for various reasons. 

Properly Protect Business

One of the main reasons you will want to have commercial insurance for your company is that it is an effective way to protect your organization adequately. Any business owner will face various risks that could affect the viability of their business, and having commercial insurance can mitigate several of these. When you have commercial insurance, it will give you support to replace or repair your commercial assets and mitigate commercial liability risk.

Comply with Insurance Obligations

Having a commercial insurance plan is also a good idea as it will ensure you can comply with the insurance requirements you may have. Business owners today can sign various agreements that will require commercial insurance. These include agreements with landlords, investors, lenders, vendors, and certain commercial clients. Obtaining and maintaining sufficient coverage will keep you in good standing and protect your organization. 

The right commercial insurance plan continues to be an effective way to mitigate risks and keep your business in good standing. For those that want a commercial insurance policy in the Mooresville, NC area, it would be wise to call the Griffin Insurance Agency. Professionals with the Griffin Insurance Agency can give the support you need to choose an ideal insurance plan. This will help protect your business and ensure you are in good standing with various contracts. 

One of the most important industries in the country is farming. Farms provide food for people all over the world. Operating a farm requires a considerable amount of hard work and high risks. To ensure your farm is protected from unexpected financial loss, it is vital to understand the need for insurance coverage.

Many of the risks that other businesses face also apply to farms. However, farms also need special coverage due to some unique characteristics of their business. Many insurance providers offer ranch or farm policies specifically designed to meet the needs of agricultural businesses. Such policies are typically a combination of general liability, homeowners, and commercial property insurance. The qualified agents of Griffin Insurance Agency of Mooresville, NC will assist you in obtaining proper coverage for your farm.

Types of Commercial Insurance for Farmers

Even if you do elect for a farm insurance policy, your business may not be completely covered. For example, a farm policy will not cover employee injuries or any claims related to the use of vehicles. Therefore, you will need to add workers’ compensation as well as commercial auto insurance.

Currently, the law in North Carolina states that farmers are not required to provide workers’ compensation coverage unless they regularly employ ten or more workers full-time all year long. However, you may have the option to provide benefits to workers when you purchase voluntary compensation coverage even if you are not required to purchase workers’ compensation coverage by law.

Farm vehicles are not included in farm personal property insurance or farm liability insurance. Therefore, if you have vehicles that you use to operate your farm you will need at least the state minimum for commercial vehicle coverage. The state of North Carolina has requirements for commercial vehicle use and the professionals at Griffin Insurance Agency are familiar with the limits for each type of vehicle.

If you are interested in obtaining commercial insurance for your farm near Mooresville, NC, contact Griffin Insurance Agency. Give us a call today.

The Carolinas are normally a peaceful and serene place to live with beautiful scenery and easy access to the Atlantic Ocean with striking beaches.  However, there is a price to pay from time to time with being so close to the ocean and that unfortunate price is the possibility of hurricanes and tropical storms.  If you own a business in the Carolinas, having commercial insurance can be the difference between long-term business ownership and total bankruptcy due to hurricane landfall.  Griffin Insurance Agency in Mooresville, NC offers commercial insurance and can consult with you on your insurance needs.

Commercial Insurance

Protecting your business and the property that it sits upon should be part of your overall game plan in monthly business expenditures.  You should think about the possibilities that exist that can wreak havoc on your business should these events happen.  Aside from tropical storms and hurricanes, you should also think about winter weather such as snow and ice.  Although the Carolinas are not known for blizzards and heavy snowfall, Snow and ice are not totally uncommon in parts of the Carolinas in winter.  

Should someone slip and fall on your property due to snow and ice that haven’t been removed in a reasonable time, your business could be liable for personal injury and damages.  The business could be wiped out due to medical bills and lawsuits for damages if the business lacked a commercial insurance policy.  Due to these possibilities that exist, it’s always a smart idea to have protections built-in with a commercial insurance policy.

More Information

You can learn more about commercial insurance by contacting Griffin Insurance Agency in Mooresville, NC today!

It’s a dream come true for every entrepreneur when their business is up and running. But the truth is businesses operate in a risky environment that every business owner should be aware of. Fortunately, one sure way of mitigating most of these risks is by having commercial insurance in place. 

We are aware that sometimes it’s normal to question the value of an intangible product like insurance. But insurance matters. Griffin Insurance Agency has prepared reasons why every business needs business insurance, regardless of size or nature.

Less uncertainty 

It’s practically impossible to plan for any liability or property losses and have adequate preparation. Worse still, huge losses like property fire could cost you thousands of dollars to restore your valuable assets. However, when you have commercial insurance, it carries that risk for you and lets you focus on other vital issues.

Employee protection

Your employees are the most valuable assets. If a company has excellent business objectives and plans but lacks the right skilled employees, such a company is deemed to fail. Commercial insurance protects your workforce, increasing the productivity and performance of the business.

Attracts potential investors 

Businesses with commercial insurance have a higher competitive advantage. Most investors like associating themselves with an insured business that could guarantee their investment in case of anything, and commercial insurance offers precisely that.

Compliance with the law

Some states require that businesses purchase certain types of business insurance coverages. For instance, North Carolina requires businesses to buy commercial auto insurance and workers comp insurance. Failure to have these coverages could attract penalties and legal sanctions that could affect your business.

Commercial insurance in Mooresville, NC

Commercial insurance offers a host of benefits. You also need to understand what protection your business requires to avoid potential cracks where risk could emerge and find you unprotected. We at Griffin Insurance Agency have a personalized approach that helps you understand what protection your business requires, no matter the size or nature of the industry. Contact us today for an affordable quote.

After building a reputable and sustainable business, the next step should be protecting it and increasing its productivity. By buying a policy under commercial insurance coverage, you will have the right umbrella that protects the business against different risk factors. You should, however, understand the types of commercial insurance coverage to consider. At Griffin Insurance Agency in Mooresville, NC, we have highlighted and explained the types of commercial insurance below.

Property Insurance

As a business owner, you want your building and its content protected from any form of risk factors. While it can prove hectic when you lack a financial plan, you get the right protection with property insurance coverage. With this type of commercial insurance, there is protection for every asset in the business against damage caused by fire, natural disaster, or theft.

Workers’ Compensation Coverage

When you have employees in your business, you should consider their safety and welfare as well. When your employees get injured in your company, handling the situation can prove costly when you lack a plan. However, with workers’ compensation insurance, you get coverage that allows you to handle and provide the care your employees need.

Commercial Auto Insurance

Running a business in Mooresville, NC also means handling the expenses that come with the automobiles available in the company. You must protect your equipment, motor vehicles included. Through commercial auto insurance, minimize the related risks and expenses that come with using automobiles.

Employment Practices Liability Insurance

Any company can face employment claims just like in other aspects of the business. As long as you have employees and work with people, your business needs employment practices liability insurance. Through this type of commercial insurance coverage, you safeguard the business against employee lawsuits and claims.

General Liability

With general liability, you protect the business against any external risk factor. This includes incidents with your customers or other competing businesses that can affect the reputation of the business.

As a business owner, call us at Griffin Insurance Agency today for a positive start with commercial insurance coverage.