Are You Required to Obtain Commercial Insurance for Your Business?

Posted on October 26, 2020October 31, 2024 by Craig-Peterson Agency

Owning and operating your own business is both challenging and rewarding at the same time. To protect your business, which is also your livelihood, you need to obtain commercial insurance.

Is It Required?

Certain types of commercial insurance are required for business owners in North Carolina. It would help if you had commercial liability auto insurance for all of your business vehicles that will cover the injuries or property damage incurred by others involved in an accident that is deemed the fault of the person driving the business-owned vehicle. If you or your employees use their personal vehicles for business purposes, you should ensure that all of those vehicles are covered under at least a commercial insurance auto liability policy.

Also, in North Carolina, if you have three or more employees, you must obtain workers’ compensation insurance. This type of policy will cover any injuries or illnesses that your employees sustain while working at their jobs.

Other Coverage Options

If you rent the space where your business is located, your landlord may require you to obtain a commercial insurance policy, especially one that covers liability issues. For instance, if a visitor to your business falls and is injured, this part of your commercial insurance policy will cover their medical bill and lost wages.

You will also want to cover the business itself in the case of a natural disaster, fire, vandalism, theft, or other horrible incidents that could affect your business income for a period of time. This type of policy will help you make repairs or rebuild the business and cover inventory that is lost.

To create a commercial insurance policy that will best benefit you and your business, you should seek an experienced commercial insurance agent’s advice and assistance. The agents at Craig Insurance Group in Raleigh, NC are ready to assist you with all of your commercial insurance needs. Call for an appointment today!!

Coverage Options for Home Owners

Posted on September 14, 2020October 31, 2024 by Craig-Peterson Agency

Your home is one of the most important investments you will make in your lifetime, so it is crucial to protect it in any way that you can. One of those ways is to obtain a homeowner’s insurance policy that will provide the coverage options that you need to feel safe and secure in your home and about your home.

A homeowner’s insurance policy will provide you with coverage for a multitude of things, such as repairing or replacing your home if it is damaged or destroyed by a tornado or hurricane. A homeowner’s insurance policy will also cover your home if it is destroyed or damaged by a fire, vandalism, or someone breaks into your house and takes your personal belongings in a theft incident. You want to make sure that not only is your home covered, but the items inside that you have worked so hard to purchase, such as your appliances, electronics, household items, clothing, and furniture, are covered also.

If your home is paid off already or if you paid cash to purchase it, you may forget about securing a homeowner’s policy, but you really should obtain one. The peace of mind in knowing that your investment is protected is priceless. Also, if you purchased your home through a bank or mortgage company, your lender will require you to have a homeowner’s insurance policy in place to protect their investment in your property.

To create the best homeowner’s insurance policy for you and your situation, contact the home insurance agents at the Craig Insurance Group in Raleigh, NC. Call today for an appointment to ensure your beautiful home is covered!