Unfortunately, vulnerability to lawsuits is a fact of doing business today, and that’s why a commercial general liability insurance policy is an essential business coverage in North Carolina, South Carolina, and every other state where you conduct your business. You have your hands full with running your day-to-day business, you shouldn’t have to worry about lawsuits and liability.
In North Carolina, general liability insurance helps to protect you from expenses related to claims and lawsuits arising from a wide array of alleged wrongs, such as:
Commercial general liability insurance would pay the cost of claims and would also pay expenses related to defending yourself against the lawsuit, whether valid or not.
One notable exception would relate to injuries incurred by your employees. For work-related injuries, employees are covered by workers compensation, insurance that is mandated by law for North Carolina employers with three or more employees, or South Carolina employers with four or more employees.
A North Carolina commercial general liability insurance policy is a comprehensive baseline coverage, but depending on the nature, scope and size of your business, there may be other supplemental coverages that you should consider.
Employment practices liability would protect you from charges of employee discrimination and harassment; if you are in the hospitality industry, liquor liability is an important coverage; accountants and professional advisors can benefit by professional liability, also called E&O, or errors and omissions; Cyber liability is increasingly important for any business that stores financial records or identifiable personal customer data; Excess insurance is a type of umbrella policy that boosts your limits and your coverage.
The challenge of putting together the right package of insurance coverage to protect a business while balancing risk versus cost can appear daunting, but at Spivey Insurance Group, we have more than 30 years of experience helping neighboring businesses to find just the right coverage package to suit their business needs. We work with more than 30 of the nation’s finest insurance companies, allowing us access to a wide range of competitive products and services. We also have access to many industry-specific programs and specialty coverages.
Our goal is to provide superlative service and to make things as easy as possible for you. We take a consultative approach rather than a sales approach because we want to be your business partner as you grow.
At Spivey Insurance, there’s nothing we are more passionate about than working with local businesses. The trust of our neighbors means everything to us. It’s the foundation on which we’ve built and grown our business over the years. We live by our honesty, our integrity and our expertise because we’re working hand-in- hand with you in our community every day.
We’d love to talk with you about the ways we can help you safeguard your business through commercial general liability and other specialty liability coverages. We’re happy to look over your existing policies and give you our analysis as to whether your business is adequately covered or has exposures through gaps that could be easily addressed.
Drop us a note or ask for a quote. Better yet, give us a call 704-821-4460 or stop by our office.