Most business owners know about the basic commercial insurance needed to protect a business, which includes workers’ compensation, general liability, property insurance, and commercial vehicle insurance. A business may need product liability insurance if it produces or distributes products.

Depending on a person’s occupation there may be a need for professional liability insurance as well. The is also called malpractice insurance for those in the health care sector and attorneys. It may be called errors and omissions (E&O) for those professionals providing financial services, such as financial planners, stock brokers, and tax accountants.

Basic commercial insurance for a business may not be adequate because new risks are becoming more common.

Protection From New Risks

To address these new risks, which are now being experienced by most businesses, there are customized commercial insurance policies that work in combination with umbrella insurance to provide protection for things like:

• Terrorist Attacks: Mass shootings and product tamperings.
• Industrial Accidents: Oil spills, gas leaks, and biohazards.
• Cybersecurity Breaches: Stolen personal information, fraud, and malware.
• Severe Weather Damage: Flooding and hurricanes caused by climate change.
• Lawsuits: Defamation, slander, libel, discrimination, and sexual harassment in the workplace.

Talk with your agent at JC Demo Insurance Group, serving Matthews, NC, and the surrounding area, about these risks and others that are potentially serious. The goal is to reduce these risks that could negatively affect your business. Your agent can help to determine how insurance can alleviate some of your exposure.

Business Interruption Insurance

Many businesses find it wise to carry business interruption insurance. For example, even if a business is not damaged when a natural disaster hits the area, it still may not be able to operate due to the power-down condition and/or dangers. Business interruption insurance helps pays the bills for an ongoing business if it is temporarily not able to operate normally.

Contact your agent at JC Demo Insurance Group in Matthews, NC by calling 704-541-5155 or using the convenient online form to get a quote for new commercial insurance or to upgrade your commercial insurance for your business.