Commercial Insurance
A Policy Tailor Made for Your Business
Shielding Your Business:
Commercial Insurance Essentials
For those embarking on a new business venture in Georgia or managing an existing one, comprehending the significance of business insurance becomes paramount, safeguarding both your company and its employees.
Essential Coverage Requirements:
Georgia mandates workers’ compensation insurance for businesses employing three or more individuals consistently, regardless of their employment status—part-time, full-time, or seasonal. This coverage caters to medical expenses arising from workplace injuries or illnesses, as well as compensates for lost wages during recovery periods.
Moreover, any business owning commercial vehicles must secure commercial auto insurance. The minimum liability requirements encompass:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $25,000 property damage per accident
Supplementary Protection: Consider these additional coverage options to fortify your business
General liability insurance: Crucial for all businesses, this policy mitigates common third-party risks, often a requisite in commercial leases.
Professional liability insurance (Errors and Omissions): Vital for companies offering professional services or expert advice, providing a safety net against potential errors.
Cyber liability insurance: A valuable shield against data breaches and cyber threats, especially critical if your business handles sensitive customer information like credit card data.
Business owner’s policy (BOP): A comprehensive amalgamation of commercial property and general liability insurance, presenting an efficient all-in-one insurance solution for businesses.