Commercial Insurance

When starting a new business, it is critical to be knowledgeable of business insurance requirements. Like most states, Georgia requires business insurance to operate if you have employees. Georgia is one of the best states in the U.S. to start a business, and the state’s economy mostly consists of small businesses, so it is crucial to find the best coverage to protect your commercial investments.

Most Common Coverages

Insurance experts like Fallaize Insurance Agency, Inc. recommend having more than the state requirement (Workers Compensation Insurance) to ensure you are fully protected with the most common coverages, including:

Business Owners Policy (BOP)

BOP combines business property and liability insurance into a single policy. This type of insurance is used by many businesses to cover claims from property damage, natural disasters, and bodily injury. Inquire about BOP if your company holds assets that can be damaged or stolen, your business has customers that visit, employees that could be injured performing daily tasks or operating heavy equipment, or your business has a physical location where injuries could occur.

Commercial Flood Insurance

Commercial Flood Insurance protects your company if damages occur as a result of floodwater. Coverage includes reimbursement for all physical assets and contents of the company and repairs to the building. Most commercial policies do not cover flood damage, so it is vital to have, especially in flood-prone areas.

General Liability Insurance

General Liability Insurance covers your business from bodily injury, personal and advertising injury, and property damage claims. This includes bodily injury when a person is on your property, employee damages to a customer’s property, and if your company is accused of slander, copyright infringement, or libel.

Workers’ Compensation Insurance

Workers’ Compensation Insurance financially protects employees by providing fair compensation if they are injured or become ill while on the job. This type of insurance covers missed wages, medical care, medication, and more.

For more information on commercial insurance options, contact Fallaize Insurance Agency, Inc. today! Our experts can find the best coverage to meet your business needs. Let us help you get started with a quote.