When you have a business in North Carolina, there are certain types of commercial insurance that you need to have. These keep you compliant with the law as well as protecting you financially if something should go wrong. If you need any of your required commercial policies or one that is smart to have but not required, call us at Cross Creek Insurance in Hope Hills, NC.
Workers’ Compensation Insurance
When you have a business that has three or more employees, you have to have workers’ compensation insurance. The employees that you have might be part-time or full-time. This coverage pays for the medical bills and other expenses, including lost wages, that may be due when an employee gets injured at work. Injuries on the job are ones that your business is liable for, and having workers’ compensation insurance makes it unnecessary for employees to sue you after an accident.
Commercial Auto Insurance
If your business owns a vehicle, that vehicle must have a commercial auto insurance policy. This coverage is required to have different types of liability insurance. It must include at least a certain amount of bodily injury liability for when one person is injured in an accident that your driver caused. There is also a required amount for two or more people who are injured in an accident caused by your driver. There is also a minimum amount required for the damage to another person’s property, called property damage liability. For trucking companies, there may be other coverage types required in order to stay compliant with regulations.
Get Commercial Coverage
If you have a business and you need commercial insurance, give us a call at Cross Creek Insurance in Hope Hills, NC. Talk to an agent about your specific business and find out what kinds of insurance you may need.