General Liability Insurance

Looking for General Liability Insurance in the Concord, China Grove NC area?

Are you a business owner in China Grove or Concord, Kannapolis looking for General Liability Insurance? Our agency has you covered. It only takes one claim to financially cripple your business, so it’s important that you have adequate coverage from a highly rated carrier.

At it’s core, General Liability Insurance (a.k.a. CGL for Commercial General Liability) is the most basic form of commercial liability coverage. If you own a business, having General Liability coverage is not optional — it’s mandatory.

At Jason Bentley Agency, we represent a wide range of General Liability Insurance companies in North Carolina and can help pair your business type with the best possible provider and pricing.

What does General Liability Insurance Cover?

Business is inherently risky, but General Liability insurance protects against many known and unknown risks.

Simply put, CGL guards you, your business and your employees from claims involving bodily injury or property damage born out of your business operations. These policies cover the expense of out-of-court settlements, litigation and judgments awarded by courts. Often times CGL is paired with BPP (Business Personal Property) coverage in a BOP (Business Owners Policy).

Here are a few things you can expect General Liability Insurance to cover:

  • Lawsuits, investigations, and settlements
  • Injury damages
  • Advertising/Copyright claims

What’s involved with getting CGL Insurance?

With any type of insurance there are certain underwriting and eligibility questions that must be answered in order for the insurance company to determine what the final rating will be.

Our agency will guide you through the process and make it easy. Many times companies will require you to show them a certificate of insurance before you can do work for them.

This proves to them that you have active insurance coverage, which is typically a requirement if you’re running a business in most states.

If you’re confused by any of this don’t worry, we’ll make the process easy. Give us a call and we can help you get the process started when you’re ready.

 

Commercial Umbrella

Commercial Umbrella coverage is critical to your business

It’s in the news. You hear more and more about massive jury awards that result in a business’ financial ruin.

Most business owners never expect to encounter a loss that exceeds the limits of the coverage they have to manage accidents, mistakes and injuries—also known as liability insurance—but unfortunately in today’s business environment, it happens too often.

A large loss could impact the business success you’ve worked so hard to achieve and destroy your hopes for a bright future. 

Jason Bentley Agency can help you protect the assets you have today by providing added coverage where you need it most. We can help you build a tailored insurance solution that meets the specific needs of your business.

All businesses are vulnerable

No matter the size of your company or how well it’s run, your business faces the potential of a devastating claim arising from an unforeseen event. For example, let’s say you own a retail store or apartment building, and a customer trips on the carpet and hits his head, sustaining serious brain injury.

You could be potentially liable for millions of dollars in medical and other payments.

Would that entire sum be covered by your existing business liability insurance? Could your business savings and/or revenue make up for the difference in what’s not covered?

If your answer is no, that’s where Commercial Umbrella Coverage comes in. Umbrella Coverage goes above and beyond basic business liability insurance limits, offering up to $10 million of additional funds to manage situations just like this.

If you are a small business owner, you might think they can’t take what you don’t have. Think again—a court can seize the business assets you currently have and even allocate future earnings to satisfy a judgment against you.

It’s never too soon to invest in umbrella coverage.

Get the ultimate in asset protection

It’s your decision how to best spend each one of your hard-earned dollars. But if an unexpected major loss occurs that key decision may no longer be yours.

You’ll find that Commercial Umbrella Coverage offers you a way to help ensure your business assets remain yours for less than you might expect.

Do you know if your current coverage offers you the protection that you want for your business against major catastrophic events?

Cyber Liability

What is cyber insurance?

Cyber insurance covers your business’ liability for a data breach that includes sensitive customer information. This could include things like Social Security numbers, credit card numbers, account numbers, driver’s license numbers and even medical records.

Why doesn’t my general liability insurance cover cyber liability?

GLI covers bodily injuries and damage to property which is a result of your products, services or operations. Be sure to check your policy because cyyber insurance is usually not included in your general liability policy.

What does cyber insurance cover?

  • Legal fees and expenses as well as:
  • Restoring personal identities of affected customers
  • Notifying customers about a data breach
  • Repairing damaged computer systems
  • Recovering compromised data
  • What to look for as a cyber insurance buyer

Many well-known insurance companies offer cyber insurance policies. We work with the top carriers in the country to be sure your needs are met.

Like any business insurance, cyber insurance coverage varies by insurer and policy.

When shopping around and comparing policies among insurers, here are some things to look for and ask about:

  • What are the deductibles? Be sure to compare deductibles closely among insurers, just like you do with health, vehicle and facility policies.
  • Does the insurance company offer one or more types of cyber insurance policies or is the coverage simply an extension to an existing policy? In most cases, a stand-alone policy is best and more comprehensive. Also find out if the policy is customizable to an organization.
  • How does coverage and limits apply to both first and third parties? For example, does the policy cover third-party service providers? On that note, find out if your service providers have cyber insurance and how it affects your agreement.
  • Does the policy cover any attack to which an organization falls victim or only targeted attacks against that organization in particular?
  • Does the policy cover non-malicious actions taken by an employee? This is part of the E&O coverage that applies to cyber insurance as well.
  • Does the policy cover social engineering as well as network attacks? Social engineering plays a role in all kinds of attacks, including phishing, spear phishing and advanced persistent threats (APTs).
  • Because APTs take place over time, which can be months to years, does the policy include time frames within which coverage applies?

Commercial Auto

We’re the Commercial Auto Insurance specialists in the Concord, China Grove NC area

As a business owner, you may have one or more vehicles, such as delivery vehicles, taxis, limos or buses. The right commercial auto insurance covers you for accidents, injuries and other incidents that can put those investments at risk.

What commercial auto coverage do you need, and how much?

What are the risks to you, your drivers, and your business that commercial auto insurance can cover?

Driver Distraction and Commercial Automobile Operation
The Department of Transportation investigated the impact of distraction in commercial motor vehicle (CMV) crashes and safety-critical events in 2009. They found the following:

  • Drivers were involved in non-driving tasks in 71% of CMV crashes
  • Distracted driving caused 46% of near-crashes and 50% of safety-critical events

Types of Vehicles Commercial Auto Insurance Covers

Commercial automobile insurance is a broad term that refers to most commercial business automobiles, including but not limited to:

  • Company cars
  • Cargo Vans
  • Limos
  • Taxis
  • Buses
  • SUVs
  • Pickup trucks

Commercial auto policies cover personal cars that are used for business, as well as SUVs, light duty trucks, buses, limousines, taxicabs, vans and other delivery vehicles used solely for business purposes.

Use of these automobiles is associated with a range of risk factors, including how you use them, how often, and how many miles they travel each year, among other factors. Insurance companies review these risk factors along with any efforts your company may make to improve driver safety, when they assess the amount of coverage your business needs.

If you are looking for coverage information on large trucks and heavy equipment used for business purposes, refer to the commercial truck insurance section.

What Does Commercial Auto Insurance Cover?

Commercial auto insurance is similar to personal auto insurance in basic coverage, such as liability, comprehensive, collision and other types of coverage that are specific to business vehicle use. A commercial auto policy is designed to protect your business from significant losses that could affect your company’s financial well being.

Commercial auto insurance policies combine several different types of coverage – some are required and some are optional. A typical policy includes some combination of the following:

Bodily injury liability: This portion of the commercial auto policy covers harm to others in an accident caused by you or your employee. Bodily injury coverage will provide compensation for medical costs, funeral costs if necessary, and the costs associated with a lawsuit. The amount of compensation your company receives depends upon the limit set on your bodily injury liability coverage, as well as your deductible.

Property damage liability: This coverage will pay the costs to repair property damage caused by you or your employee. The amount of coverage you receive is based on the limits you set and your deductibles. It is a good idea to work closely with an agent to assess your risks as well as the potential costs of injury, property damage and legal fees. For the best protection, consider buying a commercial umbrella liability policy.

Collision: As with your personal auto policy, a good commercial auto policy should include adequate collision coverage to pay for the damage to your vehicles in the event you or your employees cause an accident.

Comprehensive: Known also as “other than collision,” your comprehensive coverage is an important protection for damage to your vehicle or loss due to causes other than collision. These causes can include weather, theft and vandalism.

Uninsured and underinsured motorists: If one of your drivers is in an accident caused by another motorist who does not have adequate insurance, this coverage will help to pay for damages and injuries to your vehicle and your driver, up to the limits set on your policy.

Medical payments: This coverage pays for medical and/or funeral expenses for you, your drivers and passengers after an accident.

Additional optional coverage: A wide range of additional coverage types may be available, depending on the insurance company you work with and the state your business is in. For example, you may be able to buy coverage for your employees when they drive a car or truck your company does not own.

You might also buy coverage for a rental replacement auto if your company car is in the shop. You could opt to get towing and roadside assistance. Some insurance companies even provide very specific coverage for companies who load and unload cargo, due to the increased liability risk involved.

The right commercial insurance can protect you, your business, and all of the drivers in your commercial cars, vans, pickup trucks or limos in an accident. One of the most critical ways to protect your company is by having adequate liability coverage in case you or one of your employees causes an accident that injures another person or damages their property.

Does Commercial Auto Insurance Cover Personal Use?

Small business owners and entrepreneurs often use their own cars while on the job without a second thought. However, it is important to know that your personal insurance may not cover commercial use of your auto.

It’s very common for a small business owner to send an employee out on an errand, whether to get supplies from the local store or to give a business consultant a ride from the airport.

If the staff member gets behind the wheel of his own car, and the business owner does not have a commercial auto insurance policy in place that covers that worker and his car, any injuries or damage that result from an accident may not be covered.

Regardless of how much or how little you and your employees use personal vehicles in the course of doing business, getting adequate coverage in place can prevent a financially damaging event from putting your business at risk.

An agent like Jason Bentley Agency, can provide all of your commercial coverage through one office. We can sit down with you, get to know your business, and learn how you and your employees use your business automobiles.

We’ll ask a variety of questions designed to not only get you an accurate quote, but also find discounts that may be available to you.

You may be asked questions such as:

  • How many commercial automobiles do you have?
  • How are those vehicles used? For example, do they transport people, goods, hazardous materials, or food?
  • How many miles does each vehicle typically travel in a year?
  • How many drivers do you have?
  • What are their ages and level of experience?
  • Have your drivers taken a safe driving course?

If you’re in the market for commercial auto insurance in China Grove, or if you have coverage already but aren’t sure it’s comprehensive or competitively priced, we’ll give you an open and honest assessment of your coverage to determine whether or not you can do better.

Workers Compensation

Looking for Workers Compensation insurance in North Carolina?

When your employees are taken care of, your business is taken care of.

A key part of running your business is keeping employees safe at work. However, if one of your employees does suffer an injury, Workers Compensation coverage provides you and your employees with important protection.

You pride yourself on operating a safe, secure work environment where your employees can perform to the best of their ability while helping your business grow. Even in the most ideal circumstances, the reality is that accidents and illness still happen.

A slip and fall at a restaurant resulting in broken bones, an equipment malfunction at a construction site causing eye injury—it could be any number of things.

Am I required to have Workers Compensation Insurance?

Workers Compensation coverage is a state-mandated insurance program that covers lost wages and medical treatment resulting from an employee’s work-related injury or illness. It also covers services needed to help an employee recover and return to work.

In most states, work comp insurance is required.

How Much Is Workers Compensation Insurance in North Carolina?

Because coverage requirements vary by state, the cost of Workers Compensation depends on where your business operates. Other factors that affect your rates include…

  • The number of employees you have.
  • The type of work your employees do.
  • Your claims history.
  • Your industry.

Like all insurance, Work Comp is priced based on risk.

Riskier industries and jobs are more expensive to insure than less risky ones. To make sure prices are as fair as possible, they’re determined by classification codes.

Each type of work or industry has a unique code that classifies the industry and risk, and helps the insurance carrier determine a suitable rate.

One way to save money on your Workers Comp policy is to make sure you’ve classified every employee correctly. The secretary for a construction firm, for example, will have lower rates than the bricklayers.

At Jason Bentley Agency, we understand the importance of keeping your employees safe and sound. After all, they are the foundation of your business.

Bonds

What exactly is a bond?

A bond in layman’s terms is a way to secure a debt.

It is a way of you the consumer, being able to put up a little cost up front that says “I am letting you borrow this money so as to your agreement to pay the face value of said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency and other entities.

In the insurance world a lot of times you will see bonds requested in the following ways:

Surety Bond

A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation, and the person who assures the obligation will be done.

Lost title Bond

These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.

Contract Surety Bond

Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.

License and Permit Bonds

These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.

Some examples are but not limited to:

  • Contractors License Bonds
  • Tax Bond
  • Environmental Bonds
  • Broker’s Bonds
  • Motor Vehicle Dealer Bonds
  • ERISA Bonds

Our job as an insurance provider is to help you navigate a cumbersome system in finding the best fit for your bond requirements. We can help you find your bond needs, provide you with your bond, and help you get it to the party requesting.

Church Insurance

Looking for Church Insurance in the Concord, China Grove NC area?

Church Insurance can be hard to find because not all insurance companies offer coverage for churches. Luckily, Jason Bentley Agency has access to a wide range of insurance for churches and other religious organizations.

Having the right coverage is key, to avoiding catastrophic claims.

Important Church Insurance Coverages

  • General Liability
  • Property Coverage
  • Professional Liability
  • Directors & Officers Coverage
  • Church Auto Insurance
  • Umbrella Coverage
  • Crime and Fidelity
  • Bell Endorsement
  • Overseas Missionaries

church insurance China Grove NC

Business Property Insurance

Is your Business Personal Property insurance adequate?

Are you a business owner in the Concord, China Grove area?

Commercial property insurance is a special type of insurance that covers the company building as well as the contents owned by the company. “Property” can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.

Under the liability policy coverage, the building should be protected from damaging events such as fire, burglary and vandalism.

It may not be enough to cover just the building; the aftermath of such damage should be covered as well.

Jason Bentley Agency will help you find the best coverage possible for your business!

Call us today or head over to our quotes page to get started.

 

Business Insurance

Do you need a better Business Insurance Package?

Choosing the right business or commercial insurance plan for your business can be very confusing, so we have developed many different options and programs to meet the needs of our commercial insurance clients in the Concord, China Grove area and throughout the state of North Carolina.

At Jason Bentley Agency, we can design a specialized package according to your property, liability, and casualty needs.

We are also proactive in identifying any factors that may increase your premiums or change your risk, and provide consulting and risk management options to protect your business.

Whether you are a retailer, wholesaler, contractor, or electrician, we can tailor a package to meet your specific needs and requirements. So give us a call today or fill out one of our free online quote forms.

Commercial Package policy vs. Business Owners Policy (BOP)

Think of a Commercial Package Policy as a stereo system where you buy each component individually. So you would buy the receiver, speakers, remote, and every other part and accessory separate from each other.

In contrast, a BOP policy is much like a stereo-in-a-box. All of the pieces you need come pre-packaged.

Business Insurance Products in the Concord, China Grove NC Area

  • Business Owners Packages (BOP)
  • Commercial Auto
  • Business Personal Property
  • Business Umbrella Policies
  • Church Insurance
  • Restaurants
  • Errors and Omissions
  • Equipment Floater
  • Risk Management
  • General Liability
  • Contractors
  • Retail Stores
  • Plumbers
  • Professional Offices
  • Property Managers & Owners
  • Electricians
  • Workers Compensation
  • Commercial Building Property
  • Apartment Owners
  • Self Storage
  • Condominium Owners
  • Store & Lock Centers
  • Retail Stores
  • EPLI – Employment Practices Liability Insurance
  • Professional Liability Insurance
  • Directors & Officers
  • Landscapers
  • Cyber Liability
  • Pollution Liability
  • Painters
  • Liquor Liability
  • Medical Professional
  • Service & Repair Insurance
  • General Repair Shops
  • Garage Keepers
  • Auto Body Shops
  • Crime
  • Inland Marine
  • Builders Risk

How to get started with your Business Insurance Comparison

No two businesses are the same, so it’s important to speak to a qualified Business Insurance professional like us, who can sift through your various options. The last thing you want is some cookie-cutter policy that’s riddled with exclusions and limitations.

To get started, call our office or click to get a quote.

Either way, we’ll make the process easy!