Owning a small business is not easy. The fact is 20% of small businesses will not make it past their first anniversary. Only 50% will make it to their 10th anniversary. One decision that can help to make your business one of the survivors is commercial insurance. Small businesses are particularly vulnerable and need all the protection they can get. At Whit Blanchard Insurance Group in Augusta, GA, we understand the risks small businesses face, and we can help minimize the risks your business faces.
Commercial property insurance
Commercial property insurance protects your physical location from the ravages of a covered peril such as fire or storm. It goes way beyond just covering the building; it gives you coverage for the things you need to do business. Your machinery, equipment, supplies, inventory, and all your records are also covered. With good commercial property insurance, you will be able to repair or replace all the things that allow you to continue doing business. The recovery process will be much easier with the financial help property insurance provides.
Business interruption insurance
When a covered peril closes down your business, you won’t have any money coming in. With commercial business interruption insurance, you will have the money you need to pay your regular recurring expenses and to be able to pay your staff and yourself a salary while you are in the process of rebuilding. It can make all the difference between surviving and having to close down your business for good.
Commercial liability insurance
Small businesses get sued, and it can be devastating to pay a judgment and legal expenses. With commercial liability insurance, your judgment and legal expenses will be paid by your insurance, and you will be able to continue to do business.
Contact Whit Blanchard Insurance Group in Augusta, GA for all your commercial insurance needs.