Business & Commercial Insurance
Business & Commercial Insurance Information
Coverage for Your Business In Raleigh and Cary, NC
Located at the heart of the Research Triangle, Vic Fisher Insurance has been a trusted insurance partner to thousands of North Carolina business owners for more than 60 years. We know that every business is different, and that your priority is to always keep your business secure and your overhead burden manageable by offering quality, cost-effective commercial insurance services. Our priority is to get you the coverage you deserve.
To us, business insurance must be made personal. We keep both protection and value in mind when helping you customize your coverage to your advantage, and you can rest assured that your commercial assets will be protected against all the most concerning loss risks that threaten.
Call us at (919) 851-4448 or request a quote on the benefits of your choice now.
Common Business Insurance Questions
How Does Business Insurance Work?
All your commercial endeavors have value attached, but it’s value that could be lost in an instant. Your job is to ensure that your doors remain open to maximize your commercial success, and business insurance will make sure you can do so. With proper commercial benefits in place, you’ll have financial support in the face of numerous unexpected but costly challenges. It will be there to ensure that you can weather storms that might arise, rather than going under.
What Does Business Insurance Cover?
There is no one benefit called business insurance. Rather, it is a network of different policies that will provide financial support following qualifying accidents.
Different policies will only pay for unexpected or unavoidable challenges occurring in your business, and depending on their scope, might cover scenarios like:
Theft of property
Employee dishonesty, injuries or employment lawsuits
Lawsuits from clients to whom you caused negligent harm
What Business Insurance do I Need?
Depending on the precise size, scope and operating liabilities within your business, you will need various policies. These might include:
Property insurance: If something damages physical property – such as your building or possessions - then this coverage can help you repair or replace them.
General liability insurance: This covers the business in the event it causes property damage or bodily injuries to another party, like a client or vendor.
Business interruption insurance: This helps you pay the bills if you must temporarily close after a damaging accident.
Commercial auto insurance: When the company owns vehicles, this coverage will provide the requisite physical damage, liability and other benefits to help the company afford the costs of wrecks or other vehicle hazards.
Workers compensation insurance: If an employee gets hurt on the job, they are often eligible for workers compensation coverage. It will provide them supplementary income during their recovery.
Errors & omissions insurance: Professional advice or mistakes could cause clients a financial loss. This coverage can compensate them on behalf of the business.
Surety bonds: If you are contractually obligated to certain clients, then bonds will guarantee them that you will repay them if you cannot meet your obligations.
Numerous other policies are also available, including:
Products/Completed Operations Liability Insurance
Cyber Liability Insurance
Umbrella Liability Insurance
Hired/Non-owned Auto Liability Coverage
Small business owners can benefit financially by bundling their essential coverage into a business owners policy (BOP), which allows you to get several benefits in one place and at one price.
What Business Insurance is Required by Law?
You will often find that you are required to carry certain insurance policies. These often include:
Of course, your overall insurance portfolio must be made up of the policies that are most essential to your needs, not just those that are required of you. We will make sure that you will get the best coverage options for both your protection and your financial benefit.