If you own a South Carolina business, you need the proper insurance to protect it. There are types of commercial insurance that are required for some businesses in the state. If you meet the requirements for these commercial policies, your business must get this coverage and keep it. It’s important that business owners know what these required insurance policies are and whether they are required for their business.
To find out more, give us a call at C & H Insurance Associates LLC in South Carolina.
Required Commercial Insurance
Workers’ Compensation Insurance
Every business with employees should have this type of insurance to protect itself. However, it’s only required in South Carolina for businesses that have at least four employees. These workers can be part-time or full-time. This type of insurance covers your business against injuries that happen to work. It also covers work-related illnesses. This insurance pays for the medical bills of those who get injured or sick, and it pays disability benefits when needed. It will also pay for the legal costs that come from a work-related injury.
Commercial Auto Insurance
Every vehicle that’s owned by a business in South Carolina has to have a commercial auto insurance policy. This policy protects your business in case of accidents that are caused by your vehicle. When you get your auto insurance, there are specific types of coverage that are required to be in it. These include two different amounts for bodily injury liability and one amount for property damage liability. It’s a good idea to also add to these policies with collision coverage. This protects your business by protecting your vehicle against the cost of damages to it.
Get Commercial Insurance for Your Business
When your business is required to have commercial insurance, call us at C & H Insurance Associates LLC in South Carolina.
