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Situations Covered by Commercial Insurance

A business owner carries many responsibilities, ranging from maintaining safety standards to providing worker’s compensation insurance for employees. If the business lacks insurance, both the owner and the employees could be exposed to potential financial losses. These losses could arise from various sources, including a workplace accident or legal action from a customer over a faulty product. To safeguard against these eventualities, a business owner should obtain commercial insurance. At South Carolina Federal Insurance Solutions, we can help you select commercial insurance coverages from a number of top-rated companies.

What Does Commercial Insurance Cover?

Commercial insurance is designed to protect businesses, companies, and commercial enterprises. Running a business incurs considerable costs, and businesses are susceptible to workplace accidents, property damages, natural disasters, theft, and legal disputes. If the business experiences a natural disaster, such as a flood, or fire, commercial insurance will help cover some potentially significant financial losses. Commercial insurance can cover expenses should the enterprise be sued for delivering a flawed product or be the target of a ransomware attack depending on the coverages you select.

Further, if an employee sustains a physical injury at work, such as a fractured bone on a construction site, the owner can rely on the insurance plan to cover the worker’s medical bills. For a discussion on other potential situations, feel free to contact one of our insurance advisors.

Locate a Commercial Insurance Advisor 

Insurance Solutions is a SC agency that offers financial coverage for businesses. If you wish to learn more about our plans or policies, please call 833-359-0725. We’ll schedule an appointment for you with a knowledgeable insurance advisor promptly.

“What if” Insurance for Small Businesses That Visit Customers

When your business involves visiting homes or businesses to provide services, you need commercial insurance to cover your work and any liability that’s involved with your services as a plumber, cleaner, or even caterer. At South Carolina Federal Insurance Solutions, we are able to provide insurance plans to help businesses protect their financial assets during off-premise customer interactions.

When It Happens to You, You Need Coverage

You may have seen movies where the comedy involved a series of accidents that made you laugh, but when it happens in real life, there’s often liability for damages caused by unfortunate situations. For example, if you’re a photographer, and you knock over and break a valuable item while repositioning yourself or your equipment, somebody’s paying for it. The cost to replace it could exceed the bill for your services. Insurance can help offset your liability from unexpected occurrences.

The Range of “What Ifs” Can Be Extensive

Again, let’s look at a comedy and see how it can become a tragedy for your small business. Imagine a beautiful ice sculpture as part of a catering display. While you’re off in the kitchen preparing meals for an event, it melts. Water goes everywhere and causes shorts in the electrical wiring that is temporarily run under the table.

In a movie, following that might be fire, damage to valuable electronics in use, or someone being insured by slipping down, and more. In reality, who knows? And, don’t forget that your equipment could be damaged in that scenario too. Let our experienced advisors provide a commercial insurance policy to help protect your business from potentially expensive claims so that you can stay in business! Give us a call today at 833-359-0725.

Fitting Your Business With The Best Commercial Insurance Policy

If you’re opening a new business in South Carolina, make sure that you call us at South Carolina Financial Solutions to find your insurance policy. Our team fully understands the need for business and commercial insurance and will work hard to ensure that you are able to select the coverages to protect the financial assets of your business.

Know What Common Problems Impact Your Business

There are many issues that can seriously affect your company and potentially cause dire financial loss. It’s important for you to take these scenarios seriously and to do what you can to mitigate them. Just a few of the most common things that you might experience in your business include:

  • Potential lawsuits if someone gets hurts on your premises
  • Serious damage from fire, floods, and other problems
  • Issues with your security system that trigger hacking issues
  • Employee problems that can impact your operations

Seek Out a Comprehensive Policy

Business insurance policies can provide a comprehensive range of protection options such as liability coverage and much more. To select a policy that protects your firm, you’ll need to consider:

  • Liability protection that keeps you safe from expensive lawsuits
  • Comprehensive coverage that repairs for building damage
  • Commercial auto policies that repair your damaged vehicles
  • Cybersecurity protection to keep you safe from hacking risks

Let Us Help You

With the help of our team of advisors at Insurance Solutions, businesses can select the coverages that are most important to them. It’s important to do your research, so let us meet with you and provide the high-quality support to help you make a smart decision for your business.

Startup Tips for New Entrepreneurs

Starting a business is a dream come true for many. However, doing so comes with risks. Some of the risks, like competition from savvy competitors, may be unavoidable. You may be able to protect your financial assets from certain risks like severe weather events and criminal activity. If you’re starting a business, set it up for success by getting in touch with South Carolina Federal Insurance Solutions to help you explore commercial insurance options to mitigate your risks.

Entrepreneurs need to generate healthy revenue streams and monitor cashflows. Many businesses fail because of cash flow issues. It’s smart to have emergency funds that can cover unexpected repairs to malfunctioning equipment and vehicles used for your business to get them back in working condition quickly.

Mitigating Risks with Commercial Insurance

Commercial insurance plans can cover many different things. When selecting commercial insurance plans, it’s important to closely study the policy as coverage can vary from plan to plan. Commercial insurance plans can provide coverage to help pay for property or equipment damaged by a storm or if a customer is injured at your place of business. Commercial insurance plans can cover losses as a result of stolen cash receipts, equipment, inventory, and electronic data too.

Of course, individual businesses may have varying needs. It’s wise to closely consider the biggest risks to your business and then select commercial insurance policies that will mitigate those risks.

We Are Here To Help

The experienced insurance advisors at Insurance Solutions can explain coverages, limits, deductibles, and exclusions and help you select the insurance option that best mitigates the risks for your business. Call us toll-free today at (833) 359-0725.

Required Commercial Insurance in South Carolina

When you own a South Carolina business, it’s important to know which types of commercial insurance may be required for you. There are two types that may be required for your business, so you need to understand each of them. There are also many commercial policies that aren’t required but are very helpful to businesses. If you need any type of commercial insurance, call us at SCF Solutions in Charleston, SC to find out more.

Required Commercial Insurance 

Workers’ Compensation Insurance

If a business in South Carolina has at least four employees, they are required to have this type of insurance. This is the case whether the employees are part-time or full-time. Workers’ compensation insurance pays for the bills that result from someone getting injured on the job or contracting a work-related illness. With this insurance, the medical bills from the injury or illness are covered, but it also pays a number of other costs. It can give disability benefits to the injured worker as well as pay your legal fees related to the case. 

Commercial Auto Insurance

When your South Carolina business owns a vehicle of any kind, that vehicle has to be covered by a commercial auto policy. This policy will cover the bills relating to accidents that your vehicle gets into. However, it’s only liability coverage that is required. If you want damage to your own vehicle covered, you need to get collision coverage. The required auto insurance coverage requires an amount of bodily injury liability for each person injured. It’s also required to have another amount of coverage for all of the injury liability from the accident. There is also a property damage liability amount required. If your business is a trucking company, there will be additional types of insurance that you need for your vehicles. 

Call Us Today

To get your commercial insurance, call us at SCF Solutions in Charleston, SC.



Commercial Insurance that Can Benefit Most Businesses

Commercial insurance can mean the difference between your business thriving and closing. So many risks are out there threatening to damage your business. At South Carolina Federal Insurance Solutions, we try to understand your business and the risks that you face. We can recommend coverages for you to select for better protection.

Common Commercial Coverages:

Workers compensation insurance

Workers compensation insurance is required for all employers who have at least 4 employees. Full-time, part-time workers, and family members are also counted.

Commercial liability insurance

Getting sued is one of the biggest fears that business-owners face. It can not only cause a lot of distress, but it can empty your bank account and even put you in debt. Depending on the policy coverages and limits, a Commercial General Liability (CGL) policy can offer your business protection from financial loss should you be found liable for non-professional negligent acts. In most cases, this insurance will cover your legal defense expenses too.

Commercial umbrella insurance

Depending on your type of business, you may want to add an extra layer of liability protection with a commercial umbrella policy. This insurance complements your other liability coverages by taking over when the limits of your primary policy have been reached.

Commercial property insurance

Commercial property insurance protects not only the building that houses your business but other physical assets used to support your daily business operations. This is the content of your business. Depending on the type of business that you have, it can include things like office equipment, furniture, fixtures, and inventory. The quicker you get these things replaced after an unexpected loss, the quicker you can get your business back up and running.

Get Commercial Coverage Today

Contact Insurance Solutions in the Lowcountry, Midlands, and Upstate regions of South Carolina for help with all of your commercial insurance needs.

The benefit of a comprehensive commercial policy for business owners

Insurance Solutions is the insurance partner of choice for businesses owned and operated in the Lowcountry, Midlands, and Upstate regions of South Carolina. You can turn to us for your commercial insurance needs.

Is it time to upgrade your commercial insurance?

Starting out, many business owners are concerned about costs and keeping them low. This may mean that their first commercial insurance policy is a basic one with a minimal amount of coverage. As businesses grow and become more established and successful, insurance needs may change too.

We recommend that all of our commercial insurance clients review their policies on a regular basis at least one or two times a year. After this review, if any gaps in coverage are identified, the option of upgrading the policy should be considered. Our experienced insurance advisors can provide information to help you determine if a comprehensive commercial policy is a good choice for your business.

Comprehensive policies can include many critical coverages a business needs like property and business interruption, general liability, business auto, workers compensation, and cyber liability. Now is a great time to explore the comprehensive commercial policies that are available through our top-rated companies to determine if one is right for your firm.

Contact us today!

You can rely on the team at Insurance Solutions for your insurance needs. We are the agency that understands how important it is to protect hard-earned financial assets. Contact us today for a no-obligation consultation. We look forward to working with you!

How commercial insurance can help your small business

All businesses face risks, but small businesses, which comprise about 99% of all businesses,  are at even more risk. As much as 45% of small businesses won’t survive for 5 years. That is daunting, to say the least, but you don’t have to be one of those businesses. Commercial insurance can help protect your business from many of the bad things that can threaten it. At South Carolina Federal Insurance Solutions, we will find and explain the available insurance options for your business.

If you have commercial property insurance and your business is damaged by a covered peril, you will be able to rebuild. Even if you just rent, it will help you to replace or repair all the things you need to do business. Depending on the type of business you have, it could be machinery, inventory, raw materials, tools, office furniture, electronics, and more. Without insurance, you would have to close your doors, maybe forever.

If you have commercial liability insurance, you will be able to survive legal action against you. One in three small businesses is involved in legal action every year, which makes your chance of being sued pretty good. It can bankrupt your business to have to pay a settlement and legal fees if you don’t have insurance.

Commercial business interruption insurance means the difference between being able to pay your bills and not being able to pay if your business has to close temporarily for a covered reason. It can help to pay rent and utilities, employee salaries, and even your salary. Without this important insurance, you might have to close your doors forever.

Workers Compensation coverage can pay medical bills and lost wages for an injured employee. While the state of S.C. does not require Workers Compensation coverage until you have four employees (which can include volunteers and uninsured sub-contractors), your liability for their injuries on the job begins the date of their first hire.

Cyber liability insurance can protect your business from data breaches and other cyber security issues with a number of coverage options. It can cover costs from business disruption, lost revenue, legal fees, forensic analysis, public relations, and mandated notification expenses.

Contact Insurance Solutions to discuss what commercial insurance products will work best for you. Give us a call or stop by one of our offices in Charleston, Columbia, or Seneca for a no-obligation quote.

Commercial insurance requirements

Being a business owner is stressful. Times are tough and the risks to your business can keep you up at night. Commercial insurance is designed to help mitigate some of the risks you face. Sitting down with your independent insurance advisor to discuss your business concerns can help. At Insurance Solutions we make it our business to get to know you and your business. With that knowledge, we can let you know about available types of commercial insurance so that you can make a selections that meets the needs of your particular business.

We can make sure you have the correct mandated by the state at a minimum. South Carolina has two requirements for businesses: commercial auto and workers’ compensation insurance.

Commercial auto insurance

If your business owns any vehicles, you need to carry commercial auto insurance. The minimum requirement is 25/50/25 in liability coverage. Liability protects other people from you and your vehicle in the event of an accident where your vehicle is at fault. The coverage means $25,000 for one person injured in an accident with the total payout for the accident of $50,000. An additional $25,000 is allowed for damage to property/other vehicles. Needless to say, those limits are insufficient for many accidents. Our advisors can help you select affordable coverage limits that better protect your business.

If you use your personal vehicle in your business, particularly if you have signage on it, we strongly recommend commercial auto insurance to avoid possible coverage gaps in your personal auto policy. Frequently, we can find a cost-effective commercial option that serves to better protect you and your business.

Workers’ compensation

In South Carolina, you must carry workers’ compensation insurance if you have at least 4 employees. They can be full or part-time, seasonal, adults and minors. If you don’t have workers’ compensation insurance it does not take away your obligation as an employer to pay for work injuries and the reality is, it is probably financially advantageous to have insurance to pay for the medical bills and possible lost time.

While these two types of commercial insurance are required, having other types of commercial insurance makes sense. Commercial property insurance protects your building, inventory machinery, and more. Commercial liability insurance protects you from legal actions that may be taken against you.

Contact Insurance Solutions toll-free at (833) 359-0725 and let us review your current insurance policies. We can advise you of insurance coverage options to help you determine which meets your needs.

Servicing States

  • South Carolina
  • North Carolina
  • Georgia


Our Carriers

  • Allied
  • Allied Trust
  • ASI/Progressive
  • All Risks
  • Foremost
  • Liberty Mutual
  • Main Street/Old Dominion
  • National Flood Services
  • National General
  • National Security
  • Neptune Flood
  • Openly
  • Orion180
  • Progressive
  • Safeco/Liberty Mutual
  • Sagesure
  • Slide
  • The Hartford
  • Travelers
  • TypTap
  • Universal Property
  • Utica