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.