Georgia has been named the Top State for Doing Business and has a very business-friendly climate for businesses of all sizes. In spite of that, owning a business comes with lots of risks, and even in a place as good for businesses as Georgia, making sure that you have your business protected against all those risks is vital for survival. At Insurance Pro Group Inc. in Duluth, GA, we are locally owned and operated, and we place our customer’s needs first and foremost.
Why does my business need commercial insurance?
The simple answer is that in order to stay in business you need to protect your business from the risks trying to put you out of business. Every business has risks, whether it is an unhappy customer, a burst pipe, or someone getting injured at your business. It can feel like you have a target on your back, and businesses are considered easy targets for many kinds of liability.
What type of commercial insurance do I need in Georgia?
Two types of commercial insurance are required in Georgia:
- Commercial auto insurance
- Workers’ compensation
In the state of Georgia, if your business owns any vehicles they need to be covered by commercial auto insurance. The mandated amount of commercial auto insurance mandated in Georgia is liability coverage in the amount of 25/50/25. That provides $25,000 in personal injury if one person is injured and $50,000 for an entire accident. Additionally, $25,000 in property damage is required.
Employers in Georgia must protect their employees from on-the-job injuries and illnesses caused by their jobs. Businesses with three or more employees are mandated to have this coverage.
What other types of commercial insurance should I have?
Even if commercial property and liability insurance is not required, it is a very good idea to have it for the health of your business.
Contact Insurance Pro Group Inc. in Duluth, GA for all your commercial insurance needs.