Business & Commercial Insurance

What type of business can we insure? Here are a few examples:

Restaurants
Food Trucks
Bars
Garages
Child Care & Early Learning Centers
Municipalities
Chiropractic Centers
Trucking Companies
Bakeries
Non Profit
Retail

Restaurants

Property Coverage:

    • Broadened water damage for building, business personal property and business income
    • Building foundations
    • Business income for food contamination shutdown
    • Employee dishonesty
    • Monies and securities
    • Ordinance or law to help cover increased construction and demolition costs
    • Personal effects and property of customers, including theft
    • Spoilage of refrigerated property in the event of a utility failure to the described premises
    • Spoilage of property in transit resulting from mechanical failure of refrigeration equipment

General Liability Coverage:

    • Blanket additional insureds
    • Product liability to help cover claims arising from your business operations

The following are optional coverage:

    • Commercial Automobile coverage
    • Fine wine valuation covering the market value for wine stock
    • Liquor liability
    • Crisis response

Garages

Property Coverage:

    • Broadened building and business personal property, including:
      outdoor sheds, lights, signs, portable signs, mechanics' tools and
      equipment
    • Business Income 
    • Ordinance or law
    • Employee dishonesty

Auto Physical Damage Coverage:

    • Garage keepers direct primary for customers' autos in your care, custody, and control
    • False pretense
    • Lease/loan gap coverage

Garage Liability Coverage:

    • Primary coverage while operating a customer's auto
    • Blanket additional insureds
    • Title Errors & Omissions
    • Federal odometer stature Errors & Omissions
    • Product recall expense

The following are optional coverage:

    • Auto liability for dealer plates
    • Auto physical damage for autos you are holding for sale
    • Professional liability
    • Employment practices liability
    • Umbrella

Child Care & Early Learning Centers

Property Coverage:

    • Business Income, actual loss sustained

General Liability Coverage:

     • Limits applicable on a per location basis

Business Automobile coverage:

    • Additional insured (primary and non-contributory designation)
    • Limited physical damage for employees' and volunteers' autos
    • Towing & labor included for certain vehicles

The following are optional coverage:

    • Abuse or molestation
    • Medical payment to children (child care only)
    • Professional liability
    • Crisis Response
    

Workers Compensation
Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.

In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

Do I need workers compensation insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.

Thank you for your interest in Carolina Underwriters Insurance if you are ready to begin your business insurance quote click here. If you have questions and would like to speak to one of our insurance professionals please call us at either location: Matthews at 704-849-8080 or Cornelius at 704-997-8113 or via email. We are proud to serve the Greater Charlotte, Lake Norman, Charleston and Myrtle beach area since 1994.