The kind souls of Savannah, GA are helpful and creative people, as we at TruePoint Insurance have found out since moving into the area. We’d like to help you put that potential to work as your own boss with business insurance coverage.
The first insurance risk that every business needs to evaluate is their workers’ compensation liability. Any company that has three or more employees is required by state law to have coverage, and there are good cases for having the coverage when you have even a single employee.
Your other liabilities will depend on the type of service that your company provides. If you sell crafted goods through an online store, you won’t have the same risk as if you opened a food truck. When you discuss your company with your provider or agent, always accurately answer any questions about your operations. Even if you’re not lying to them, you may end up underinsured with a huge liability risk.
The last major component of your business insurance will be property coverage. This will be broken down into different types of assets and causes of damage, but the typical policy setup will include coverage for both your business’s own buildings, fixtures, and equipment as well as any under its custody throughout the course of doing business.
Other types of coverage exist, but the details may change depending on the provider. For more details, contact an insurance agent like us at TruePoint Insurance whose job is to get you into the right policy for your liabilities and assets. With your insurance needs properly covered, you can get back to starting or running your small business in Savannah, GA with fewer distractions on your mind.