Owning a business is a dream for many people in the Gainesville, GA area. While owning a business can be an excellent career for those that are natural entrepreneurs, it also requires you to make a lot of important decisions. One very important decision that you need to make is determining what type of commercial insurance you need to get. When looking for a new insurance policy for your business, several types of insurance need to be included.

Liability

One of the most important parts of any commercial insurance policy is the liability insurance component. If you sell a product or service, you will be taking on some risk whenever a customer uses it. If a customer is injured or becomes sick from use, you could be found liable.  A commercial insurance policy will provide you with protection from these types of liability.  

Workers Compensation

Another vital part of any commercial insurance policy is the worker’s compensation component of it. If you have more than three employees, part-time or full-time, you will be required by state law to carry workers compensation insurance. This type of coverage will provide you and your employees with protection in the event an employee is injured while working on the job.  

Negligence

Finally, depending on the type of work that you do, having a negligence coverage policy would be a smart idea. If you happen to make a mistake that causes harm, you could be found negligent. Fortunately, your commercial insurance policy will provide coverage for this.

For business owners in the Gainesville, GA area, speaking with Chastain Agency Inc. about your insurance needs would be beneficial. The agents at the Chastain Agency Inc. will be able to help you better understand the benefits of commercial insurance and what should be included in your policy.