Category: Commercial Insurance

Businesses have different financial needs than individuals, which extend to their insurance needs. At Steiner Insurance Group in Nashville, NC, we offer commercial insurance.

Commercial Property Insurance

You’ll need commercial property insurance if you own a physical building associated with your business, such as a store, office, or manufacturing center. A commercial property policy covers the building and any business property or equipment within the building. However, it’s essential to understand that commercial property insurance does not include liability coverage.

General Liability Insurance

General liability insurance protects you from liability if someone is injured on your business property. It also covers damage to someone else’s property or belongings while at your business.

Business Owner’s Policy

A business owner’s policy, also known as BOP, combines general liability and commercial property insurance.

Professional Liability

While general liability covers people who are at your business, it doesn’t cover liability related to your products or services. For instance, if you are a mechanic and make a mistake that breaks a customer’s engine, professional liability will cover the repair cost.

Product Liability is another form of professional liability coverage. It covers damages caused by a faulty product created by your business.

Commercial Auto Insurance

You’ll need a commercial auto policy if you use a vehicle for business purposes, such as transporting customers, goods, or equipment.

A commercial auto policy also covers any legal driver, allowing employees to drive the company vehicle as well safely.

Commercial Insurance at Steiner Insurance Group

Contact Steiner Insurance Group if you need commercial insurance in Nashville, NC. We provide business insurance to meet the needs of businesses of all sizes. Our friendly agents will help you select the right policies for your business.

Steiner Insurance Group Offers Worker’s Compensation Insurance For North Carolina Businesses

Most businesses employ individuals to do a variety of work-related tasks. In some cases, employees may be exposed to the risk of injury that can affect their health or their ability to work. Workers’ compensation insurance is designed to provide funds when employees are injured and need medical attention and when they cannot work due to an injury. At Steiner Insurance Group, serving Nashville, NC, we help businesses get workers’ compensation insurance to protect their workers and their profits.

Understanding Your Worker’s Compensation Insurance

An accident or on-the-job work injury can happen at any time, and these incidents can require medical treatment and loss of wages. Employers are responsible for the safety of workers and could be liable for the costs of an injury to an employee. Workers’ compensation insurance provides funds to pay the expenses of medical treatment for an injury and also provides compensation for lost wages while the employee recovers.

Workers’ Compensation Insurance Is Important To Your Company’s Stability

Workers’ compensation insurance defrays the cost of medical treatment for workers injured while on the job. Each state has different rules regarding when workers’ compensation insurance is mandatory, what types of injuries it covers, and how much is paid out for an injury. Without worker’s compensation insurance coverage, your company would have to pay for these expenses, which could negatively impact your bottom line or even cause you to go out of business. In this way, workers’ compensation insurance helps to stabilize your business expenses and liabilities when unexpected events occur.

Make Steiner Insurance Group Your Choice For Workers Compensation Insurance

The details of workers’ compensation insurance can be complex, and our insurance professionals have the knowledge and experience to provide you with the answers you need. Contact Steiner Insurance Group serving Nashville, NC today for a no-obligation worker compensation insurance quote to protect your business.

Commercial insurance may be something you think your business can do without. But some types of commercial insurance are required by law in North Carolina. Other types of commercial insurance may not be mandated but can help save your business from a variety of perils. At Steiner Insurance Group in Nashville, NC, we are here to help business owners to assess their risks and to choose the right commercial insurance for their business.  

Commercial insurance that most businesses can benefit from

Commercial liability insurance

Your business needs to have commercial liability to save it from a lawsuit against it. Lawsuits are common and you can get sued by a variety of people. You may have a dissatisfied customer, or someone could have a slip and fall at your business location. If they have injuries, you could have to pay for pain and suffering. It can even be a disgruntled employee who decides to sue you. But the end result will be the same; you will have legal expenses and, if you lose, a settlement. Without commercial liability insurance, it could kill your business.

Commercial property insurance

If you own a building, the benefit of property insurance is obvious, but what about if you are a renter or have a home-based business?  Commercial property insurance covers much more than just the physical building, it covers the things you need to do business. Depending on the type of business you have, it could be machinery, tools, display units, raw materials, office equipment, electronics, or inventory. If you don’t have these, you can’t do business. 

Worker compensation insurance

In North Carolina, if your business has three or more employees, you must protect them with workers’ compensation insurance. It is good for businesses and employees. 

Contact Steiner Insurance Group in Nashville, NC to get your questions about commercial insurance answered. As an independent insurance agency, we will offer you our full attention. 

While owning a business in Nashville, NC is exciting, you have to contend with uncertainties lurking in the business environment. However, acquiring proper commercial insurance from Steiner Insurance Group agents will ease the operation of your business and protect against numerous perils. 

Commercial insurance is designed to help businesses stay protected against imminent perils that may jeopardize their success. Unfortunately, some business owners chose to overlook commercial insurance for their business. This trend is catastrophic since one blow can wipe out your business finances. That said, here are the reasons you need to think about commercial insurance. 

For compliance

If you have three or more employees in your business, you must carry workers comp coverage in North Carolina. Additionally, all business-owned vehicles must be covered by commercial auto insurance. Failure to buy the minimum-required commercial insurance exposes your business to non-compliance penalties. 

Protection of workers

If your employees get injured or sick while working on your premises, workers’ comp helps cover medical expenses. Besides, this policy covers employees’ funeral costs and partial loss of income.

Protection of assets

Damage to the business property can trigger devastating impacts on your business’s ability to function properly and sometimes result in a shutdown. As such, it’s paramount to protect your business against perils like vandalism and fire with commercial property insurance.

Liability protection

General liability coverage covers versatile situations, including a client’s injuries while on your business premises. Besides, it covers property damage and advertising injury claims from third parties. 

Saves money

Getting outstanding commercial insurance salvages you from paying out-of-pocket when unexpected eventualities like liabilities, injuries and damages on your business property strike. This way, you operate your business without fear of indulging in adverse financial impacts.

Having commercial insurance is a cornerstone for any business in Nashville, NC. If you have any queries regarding the procurement of splendid commercial insurance, call or visit us at Steiner Insurance Group.