When you have a small business or even a larger one, there are certain types of insurance that the state of Kentucky requires you to have. There are two main types required in Kentucky, but there are many other types of commercial insurance that comes recommended but not required. Call us at JC Demo Insurance Group in Matthews, NC to find out more.
Workers’ Compensation Coverage
This is a type of insurance that business owners must have if their business has three or more employees. It doesn’t matter whether they are full-time or part-time. This insurance policy pays employees’ medical bills for injuries and sicknesses that they get while in the workplace. With this insurance coverage, you can protect your business against hefty medical bills that could place your business in financial trouble.
Commercial Auto Coverage
For North Carolina businesses, every vehicle that the business owns must be insured with a commercial auto policy. This policy provides several different types of coverage, and the state sets the minimum amounts for each of these coverage types. The state sets mandatory minimum amounts for several types of auto coverage that must be met. There is a specific amount that must be met for injury liability for one person as well as another amount for injury liability for everyone who was injured in an accident. There is a set amount required for your property damage liability. Another minimum amount is required for uninsured motorist coverage for one person who was injured. Another amount is mandated for everyone injured in the accident. There is also an amount required for uninsured motorist property damage for the entire accident.
Get Your Commercial Coverage
If your business needs these or other commercial insurance policies, contact us at JC Demo Insurance Group in Matthews, NC to talk with an insurance agent.