When you own a Georgia business, you need to know which commercial insurance policies are required for your specific business. Every business is different, and certain businesses will need specific commercial insurance policies to keep them protected. There are two types of policies that are required for many businesses in Georgia, and there are many others that aren’t mandatory but are very helpful for business protection.
To get started with your policies, call us at Garrison Insurance Group in Lilburn, GA.
When Workers’ Compensation Insurance Is Required
Workers’ compensation insurance is an extremely important type of insurance that every business should have if it has employees. In Georgia, this insurance is only mandated for companies that have at least three people who are regular workers of the company. That simply means that they regularly work for the business, whether it’s part-time, full-time, or seasonal work.
This type of commercial policy pays the medical bills after an accident has caused one of your employees to become injured. This protects your business by paying for those bills so your business won’t have to come up with the money.
The Commercial Auto Insurance Requirement
When a business in Georgia owns a vehicle, this makes that vehicle subject to a mandatory commercial auto insurance policy. This coverage pays for accidents that are caused by your business-owned vehicle.
There are two different types of coverage that are required to be in these commercial policies, and you can also add other types of coverage as desired. The required coverage types are property damage liability and bodily injury liability. With both of these in place, you will have the necessary coverage to pay for another party’s damages after your vehicle is at fault for an accident.
Get Commercial Coverage
When you need commercial insurance, call us at Garrison Insurance Group. We are proud to serve the greater Lilburn, GA community.