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Why Business Owners Need Commercial & Business Insurance in Atlanta
The Peach State has earned the title of “Best State in the Nation for Business” year after year for its growing economy, business-friendly government policies and diverse population.1 Ninety-nine percent of the state’s businesses have fewer than 500 employees.2 As an Atlanta, GA business owner, there are many reasons it’s important to carry a comprehensive business insurance policy. Business insurance, or commercial insurance, can help safeguard your business and give you peace of mind.
The Hartford offers the kind of small business insurance Atlanta businesses need. Regardless of the industry you're in, owning a business comes with significant risks. Learn about the comprehensive and customizable Atlanta business insurance coverage we offer to small businesses, like yours, in Georgia.
Atlanta Business Owner’s Policy
Most small businesses in Atlanta have a Business Owner’s Policy (BOP). This bundle of insurance covers various companies and professions. It’s similar to how a homeowner’s insurance policy works. Homeowner’s insurance helps protect your property and personal belongings if your home gets damaged. A BOP helps protect your physical and financial assets by providing coverage against issues that may arise within your Atlanta small business.
There are three basic coverages that are important to virtually every business. Combining these three coverages in a BOP can help you save money on insurance rates. And BOP insurance helps protect the business that you’ve worked hard to build. If you need additional coverage, a BOP can be customized to meet your business’s unique needs.
Atlanta General Liability Insurance
Every business, regardless of the size or industry, is open to some form of liability. General liability insurance in Atlanta provides protection for lawsuits alleging bodily injury or property damage that result from your business’s operations.
Commercial Property Insurance in Atlanta
Commercial property insurance helps protect the place where your business resides. It also helps protects the things you use to conduct your business, such as tools, equipment and inventory. Coverage applies whether you own or rent your property or equipment.
Business Income Insurance for Atlanta Businesses
If you can’t operate your business because of property damage, business income insurance can help recover the revenue you lost.
Each type of coverage gets bundled through a BOP policy from The Hartford. You can also buy commercial property or general liability insurance as a standalone policy. Commercial property insurance includes business income coverage.
Additional Coverage for Small Business Insurance in Atlanta, GA
Different states require businesses to carry different levels of coverage. Business owners in Atlanta, GA can create a comprehensive insurance plan by adding more coverage to their BOP to meet their business’s unique needs.
Atlanta Workers’ Compensation Insurance
In the state of Georgia, businesses with three or more workers need workers’ compensation insurance.3 By carrying workers’ comp, you’re providing financial protection for both your employees and your small business. If your employee gets injured or becomes sick because of their job, workers’ comp can help cover their treatment costs. It can also help replace some their lost wages if they take time off from work to recover.
For example, one of your employees develops carpal tunnel syndrome from using poor posture while typing in the office. He goes to the doctor for treatment and also has to attend physical therapy to recover from the condition. Workers’ comp can help cover his treatment and ongoing care costs.
If one of your employees gets sick after having an allergic reaction from their work environment, workers' comp can help cover their medical costs. And if they need to take time off to recover, it can replace some of their lost income.
Employers can get worker’s comp coverage through independent insurance agents or an insurance company, like The Hartford. Contact us today to get coverage.
Data Breach Insurance
In 2017, Atlanta ranked No. 2 for Next Top Tech Towns.4 It also ranked No. 6 on the list of top cities for innovation.5 Technology companies and most other modern businesses store sensitive employee and customer information. This includes:
- Social Security numbers
- Payment information
- Dates of birth
- Contact information
If your business suffers a breach, data breach insurance can help:
- Cover the costs to notify impacted individuals
- Manage public relations
- Mitigate the risk of civil litigation
- Cover penalties and fees your business may be responsible for
Atlanta Professional Liability Insurance
Professional liability insurance helps cover the costs and legal fees your business may incur if you’re found negligent in the services you provide. This coverage is also known as errors and omissions insurance. Some examples of how it can help protect your business include:
- A customer of your legal office claims you made a mistake when you represented them. The mistake led to the customer experiencing a financial loss, so they file a lawsuit against your business. Professional liability insurance can help you cover the legal fees associated with resolving the lawsuit.
- An accounting employee makes a mistake that costs your client thousands of dollars, so they file a lawsuit against your business. Errors and omissions coverage can help cover your legal fees to defend your business.
Commercial Auto Insurance
If you use owned vehicles for business, Georgia state law requires businesses to:6
- Have liability insurance, or
- Be a qualified self-insurer
A commercial auto insurance policy ensures your business is complying with the law and helps protect your business while on the road. Atlanta commercial vehicles insurance can help pay for damaged property and medical expenses if you or your employee gets into an auto accident while on the job.
For example, your employee is driving to meet with a customer at a job site. He gets distracted while driving and hits another car. Commercial auto insurance can help cover property damage costs and any medical expenses.
Additional Coverage Available in Atlanta, GA
Whether you’re a pet trainer or a continuing education institution in Atlanta, The Hartford has your back.
Many industry-specific licenses, registrations and permits have additional insurance requirements.7 We have more than 200 years of experience in the insurance industry. Our dedicated small business insurance team can help you pick the right coverage for your business. We can help you learn more about the different coverages available, such as:
- Commercial Flood Insurance
- Commercial Umbrella Insurance
- Surety Bonds
- Home-Based Business Insurance
- Employment Practices Liability
For a full list of coverages offered by The Hartford, contact an insurance agency to discuss your unique business insurance needs. Get a quote for business insurance online or call 855-829-1683 and speak to one of our representatives today.