Commercial insurance is essential for protecting your investments and assets. Many policies can help replace inventory in the event of a covered peril, such as a fire. Business insurance can also provide coverage for damages caused by vandalism. However, there are certain things that commercial insurance in Blue Ridge, GA, typically does not cover.

What Does Standard Coverage Include?

Commercial insurance comes in various forms. Property coverage protects the building and business property, including inventory and structural damage. However, it commonly excludes vehicles, as auto insurance policies are designed to cover commercial vehicles.

Liability coverage protects businesses in the event of a liability lawsuit, such as an injury claim. However, it typically excludes employee injuries. Business owners need workers’ compensation insurance to provide coverage for employees who are injured on the job.

Does Insurance Cover Business Upgrades?

It might seem logical for insurance policies to cover certain upgrades, such as installing a new metal roof, since these improvements could reduce the likelihood of future damage. For example, metal roofing is generally more durable than asphalt roofing. However, insurance policies typically do not cover upgrades, even if they make the building more structurally sound or less prone to damage over time.

In some cases, business owners may want to upgrade their facilities after a natural disaster has caused significant damage. While insurance may cover the cost of repairs, it typically does not cover the cost of aesthetic or structural upgrades. To explore whether upgrades can be incorporated during repairs, speak with an agent at The Insurance Mart.

At The Insurance Mart, we understand the importance of maintaining a clean and functional facility for your business. Our knowledgeable representatives can help you understand your policy and what is covered. Contact us today to learn more about our commercial insurance options. We proudly serve the Blue Ridge, GA, area.

Protecting your business and commercial investments in Blue Ridge, GA is essential, especially when it comes to common liability risks. If you’re determined to insure your commercial investments properly and want to do so with the right coverage, consider enhancing your general liability insurance policy. At The Insurance Mart, we’re here to work with you to assist with mitigating the financial impact of unexpected accidents, injuries, and workplace incidents.

What is General Liability Insurance?

General liability insurance helps provide protection from common liability risks. It is imperative for those operating in various industries. Proper coverage can mitigate the financial impact or losses due to unexpected legal woes or incidents in the workplace or on commercial property.

Why General Liability Insurance is Essential

For commercial property owners or investors near Blue Ridge, general liability insurance can be beneficial for the following reasons:

• Protection From 3rd-Party Claims: Bodily injury claims and property damage claims will be covered with the right general liability policy in effect.
• Legal Expenses: General liability coverage helps with settlement payments, court costs, and attorney fees that may be associated with lawsuits linked to your business or investment.
• Customized Coverage Options: It’s also possible to tailor your general liability policy to your needs, such as handling liability concerns for retail tenants or determining risks that are associated with short-term rentals you own or have invested in.

General liability insurance is a key aspect of risk management for any business owner or commercial investor in the Blue Ridge, GA region. If you’re unfamiliar with general liability insurance and why I want to know it’s beneficial for business owners and commercial investors, we can help. For your quote and free consultation to better understand which general liability policies and coverage options are right for you, contact The Insurance Mart directly today.