The overall failure rate for small businesses is relatively high. The potential is excellent, but the risks are many. Being aware of potential pitfalls can help you mitigate them to some extent. That is where commercial insurance comes in. At Allen Insurance Agency in Ramseur, NC, we work with our small business clients to help them get the right commercial insurance to protect their small businesses.
Commercial liability coverage
Being sued is arguably the most significant risk that every small business faces. One in three businesses is sued every year. Commercial liability coverage will protect you from customers, vendors, or even a disgruntled employee who sues you. Not only does it cover a judgment, but it also helps with legal costs. It can be costly to defend yourself.
Business interruption insurance
Things happen. If one of the things that happens makes it impossible for you to do business, your expenses will not go away. With business interruption insurance, you will be able to pay your bills and make payroll for your employees and yourself until you can reopen your doors.
Commercial property insurance
Commercial property insurance covers not only the physical building but also its contents—all the things you need to do business. Having the right insurance can replace these things and get you back in business as quickly as possible.
Commercial flood insurance
Over 70% of small businesses are unprepared for a natural disaster. Floods are America’s number 1 natural disaster. Typical business property insurance won’t cover flood damage, which can cost you your business.
Give our office at Allen Insurance Agency in Ramseur, NC, a call to discuss the risks facing your small business and how we can help you protect yourself.
