Commercial Insurance in Georgia
Georgia Commercial Insurance
Business insurance is vital to have when you are starting a new business. In order to operate, insurance is normally required. Georgia comes in 8th place as one of the best states to start a business in the U.S., 97.7% of small businesses exist in the state. We have helped many companies obtain an insurance policy to help protect them from damage, injuries, and much more here at Whit Blanchard Insurance Group in Augusta, GA.
Commercial Insurance Requirements
All businesses must obtain workers’ compensation insurance if they have at least three or more people working regularly, either part-time or full-time. It covers illnesses, injuries, and even medical bills. Businesses are also required to obtain commercial auto insurance for any vehicles that are business owned in the state. You should at least obtain $25,000 for bodily injury coverage for each person, at least $50,000 of bodily injury liability for each accident. $25,000 for property damage liability is also required for each accident.
Additional Coverage Options
Businesses can take advantage of any of the following coverage options to keep them protected:
- Professional liability - This is coverage that will help keep your business protected for lawsuits from clients and any deadlines that are missed.
- General Liability - This coverage is essential for all businesses to have because it covers custom injuries and property damage. Many leases will require businesses to have this coverage.
- Business owner’s policy - This coverage is a bundled plan that includes both general liability and property insurance in one.
- Cyber liability insurance - This coverage is best for partial missed wages, employee medical expenses, and lawsuits over employee injuries. It covers the costs of legal fees related to cyberattacks.
Give us a call here at Whit Blanchard Insurance Group if you need a quote for commercial insurance. You can also use our online quoting tool on our website to acquire quotes for auto and home insurance. Our office is conveniently located in Augusta, GA.