High Point, North Carolina
2610 N Main St
High Point, NC 27265-2823

What You Need to Consider Before Buying a Commercial Insurance Policy October 12, 2017

High Point, Guilford
What You Need to Consider Before Buying a Commercial Insurance Policy, High Point, North Carolina

As a small business owner, you want to protect your company. While hiring good employees and maintaining effective accounting practices will help, you’ll still need commercial insurance to protect your organization. At James C Whitley Insurance Agency, with locations on Main Street and Lexington Ave, in High Point, NC, their dedicated agents want to help you find the best coverage for your needs.

They say that before you start shopping for quotes, you should keep the following factors in mind:

  • Make Sure You Have the Basics Covered: Every business owner needs to have a general liability policy to protect both themselves and their employees in the scope of their work. However, liability isn’t the only coverage you’ll need. Additionally, your employees need to be covered by workers’ compensation, your company vehicles need a dedicated commercial insurance policy, and your facility should have property insurance to protect your company against theft, natural disasters, and any other event that impacts the property.
  • Consider Additional Policies: While basic coverage is sufficient for most events, you might still benefit from additional policies. Professional liability coverage protects your business if you’re sued because of services rendered, while directors’ and officers’ insurance protects anyone acting as a director in your company against charges pertaining to how they run the business. While these policies are not required, they may still be beneficial for your enterprise.
  • Commercial InsuranceShop Around & Compare Quotes: Even if the first commercial insurance quote you receive covers all the basics, keep shopping around. Ask for quotes from different insurance providers and compare the coverage options each policy offers. While the price of your premium should be considered, it’s more important to compare the coverage options in each policy. Remember, the last thing you want to do is prioritize cost over quality coverage—doing so could leave you underinsured.
  • Work With a Local Agent: Work with your insurance agent to find a provider that won’t compromise on coverage. By working with a local agent, you’ll have a point of contact that will work to help you get the coverage you need at an affordable price. Should you need to file a claim, they’ll help expedite the claims process, so you can get back up and running in a timely manner.

Let the team at James C Whitley Insurance Agency help you find the commercial insurance coverage that best suits your company’s needs. With over 39 years of experience, their dedicated team will work to ensure protection for both you and your employees. Visit their website for more information on their business insurance coverage, and call (336) 841-5300 to speak with an agent today.

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