Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Business crime insurance, also known as commercial crime insurance, protects against organization-related crime and the resulting losses for your small business. When someone defrauds, embezzles, forges documents, or commits theft, you're covered for the losses.
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
What limits should I carry on my General Liability insurance in South Carolina?
It depends on the nature of your business, types of services being offered and financial resources. Most small business owners choose to carry at least $500,000 to $1,000,000 in coverage.
What insurance do I need as a South Carolina business?
South Carolina mandates all businesses with four or more employees to have Workers' Compensation insurance. If company automobiles are used to complete business operations, then Commercial Auto is also required.
Why do I need insurance for my South Carolina small business?
Claims from lawsuits, loss due to catastrophic events and other unplanned circumstances may challenge your financial resources. Unless you have stable funds, you need insurance to cover these expenses.
What do I need to get an insurance quote in South Carolina?
Companies have their own set of requirements before they can offer a quote for insurance. But most of the time they will ask for completed application forms, business licenses and claims history.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: