Types of Commercial Insurance Coverage

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.

Do All Homeowners Require Home Insurance?

Before building or purchasing your first home in Mooresville, NC, you may want to know whether you are required to buy home insurance. Well, home insurance isn’t required by any law, but you will be grateful you had it when perils like theft, fire, vandalism, and natural calamities strike. 

If you are wondering whether you need home insurance, keep scrolling as Griffin Insurance Agency explains why home insurance is a must-have investment. 

It may be required

While home insurance isn’t mandated by any state or federal law, your mortgage lender may require you to purchase at least the basic home insurance coverage. Think of your lender as a part-owner of your home. And just like you, they would want to protect their investment when the unthinkable strikes. 

Home insurance protects your dwelling

It has taken you years to put up your home. As such, it makes sense to protect your hard-earned investment with proper home insurance. A home insurance plan covers repairs and even rebuilding in case of a total loss. 

To protect your belongings

Home insurance protects not only your building structure but also the contents inside. Since perils like theft, fire, vandalism, and other risks may cause damage or loss to the stuff you have spent years collecting, home insurance comes in handy by replacing your valuables whenever covered perils strike. 

Liability protection

While we always do our best to prevent accidents, they can still happen right within your premises. A visitor could slip and injure their leg. Your dog could bite a person. Perhaps, you could reverse your car into your neighbor’s wall. 

Unfortunately, when accidents happen, you are faced with bodily injury, property damage, and possible lawsuits. Thankfully, if you have home insurance, you don’t have to worry much about third-party costs. 

Buy home insurance in Mooresville, NC today!

Are you ready to get started with home insurance? Please contact Griffin Insurance Agency for an affordable quote.