Archdale, North Carolina
11324 N Main St.
High Point, NC 27263

4 Essential Business Insurance FAQs March 20, 2017

Archdale, Randolph
4 Essential Business Insurance FAQs, Archdale, North Carolina

You've invested a great deal in your business, so you'll want to make sure you have all the protection you need. However, shopping for business insurance quotes can be confusing, especially if you're just getting your company off the ground. Phillip Kent Beck Agency, a Nationwide® office with locations in Archdale and High Point, NC, would like to answer some common questions to ensure you have all the coverage you need.

4 FAQs About Business Insurance

1. Do I Need Business Insurance if I Work From Home?

If you maintain a home office or keep inventory in the garage, you'll want a business insurance policy to cover both your equipment and your operations. Your home insurance policy will probably deny coverage for business-related expenses in the event of a disaster or theft. Business insurance includes significant protections every entrepreneur needs, regardless of where you operate from.

2. What Types of Coverage Are Available?

business insurance quotesDepending on your needs, your business insurance quote can be tailored to include liability coverage to protect you from lawsuits, property insurance to cover your inventory and equipment, and even income replacement if you have to close for repairs. Your agent can help you determine what type of insurance you need and what your coverage limits should be.

3. Do I Have to Carry Insurance?

Depending on your industry, you may be required to carry some types of business insurance. For instance, accountants and real estate agents may have to purchase specialized insurance to cover their clients in case they make a mistake. Even if you aren't required to, you should still carry enough to protect your investments and the livelihood of everyone who depends on you.

4. What if My Employees Use Their Own Vehicle for Work?

If one of your employees causes an accident while making a delivery or running an errand for your business, their insurance company will probably refuse to pay for the damage. Even if they're using their own vehicle, they should still be covered by a business vehicle insurance policy.

The agents at Phillip Kent Beck Agency pride themselves on providing high-quality business insurance policies backed by one of the top carriers in the industry. Learn more about how they can protect your business online, or call (336) 434-2111 for insurance quotes today.

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