Georgia Small Business Insurance

Georgia has 962,085 small businesses, and combined, they employ 1,500,510 people. The industries that employ the most people in Georgia are accommodation and food services, healthcare and social assistance, and retail. But whether you’re in any of these industries or work in another field altogether, you need Georgia small business insurance. Here’s what this type of policy covers and why it’s so crucial for your firm.

Georgia Small Businesses Need The Following Insurance

Protect your business (GL): For many small businesses, part of being successful means welcoming hundreds of customers to the business property every day. But with this success come some risks, such as your business inadvertently hurting people. And the more people who arrive at your property, the higher this risk becomes. This is why you need to make sure you have general liability when you get Georgia small business insurance, since it will pay for the medical expenses that you will be responsible for when people get hurt on your business property. It will also provide the money necessary to replace or repair any personal property that gets damaged at your business.

Insure Your Property (BPP): Some common concerns that business owners have include fires, burglary, and storm damage. If any of these issues affect your business property, you could be facing some expensive repairs that you might not be able to afford right away. But if your Georgia small business insurance includes business personal property coverage, you won’t have to worry about these expenses because they will be covered. Even if your décor, equipment, or inventory gets damaged or stolen, business personal property coverage will step in with the funds you need.

Employee Protection (WC): In Georgia, it doesn’t matter if you have just a few employees or hundreds of them. You need workers compensation in order to protect them all. Fortunately, it’s easy to add this coverage to your Georgia small business insurance policy. When you do, you can rest assured that any expenses that arise after they are injured on the job will be covered by workers compensation. This includes missed wages and any long-term care they need, such as physical therapy.

Umbrella/Excess Liability: If you feel safe having general liability on your Georgia small business insurance policy, you will feel even safer when you add excess liability. This will expand your limits so that this part of your policy is able to pay for more when an accident occurs on your business property. Without it, you run the risk of having to pay for any costs that are over and above your general liability limits, which can result in bankruptcy for many businesses.

Cyber Crime Liability: You already know how much damage cyber crime can do to a business, because you’ve likely heard about some well-known companies dealing with this. If you want to avoid the negative effects that may occur when your company is targeted by criminals who use technology against businesses, be sure to add cyber crime liability to your Georgia small business insurance policy.