All businesses face risks daily, but small businesses are more vulnerable because they don’t have the same assets as large businesses. No insurance can protect your business from every risk, but commercial insurance is designed to offer the most protection possible. At Ingram Insurance in Cheraw, SC, we are independent insurance agents with the expertise and experience to provide our customers with the level of service they expect.
Not every small business will need every type of potential commercial insurance, but some types are universally useful.
Commercial property insurance
Commercial property insurance will cover the building where your business is located if you own the building, but it does more than that. It is valuable even if you are renting your location, it covers the things you use in your business. That can be things like office equipment, inventory, display units, raw materials, tools, and anything that you need to conduct your business.
Commercial liability insurance
Being sued is one of the most common risks that all business face. You can be sued by an unhappy customer, by someone who was injured while visiting your business, or by something that you produce. You can even be sued by an employee who is unhappy. All of these pose dangers to your business’s survival. Commercial liability insurance will pay a judgment against you and legal costs up to the limit of the policy.
Worker compensation insurance
The state of South Carolina requires that businesses that employ four or more employees provide worker compensation. There are some exceptions for casual workers who don’t work regular hours and employers who have a payroll of less than $3000 annually. Worker compensation protects workers but also employers.
When you are ready to discuss your commercial needs, give us a call at Ingram Insurance in Cheraw, SC.