What commercial insurance is required in Georgia

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Owning a business has a certain amount of risk. The risks facing your business are particular to your individual type of business. Different types of businesses have different risks, which is why your commercial insurance needs to be customized to your distinct business. If your business is located in or near Winder, GA, Ransom & Associates Insurance Agency has the experience to help you make sure you comply with the law. We will make sure you can sleep at night knowing you and your business are safe. 

Workers’ compensation

Like most states, Georgia mandates employers provide employees with workers’ compensation insurance. If your business employs three or more employees regularly, even if they’re part-time, you must have workers comp. It is a good thing for both employees and employers. Healthy and happy workers are a benefit for any business. An employee is less likely to sue an employer who takes care of them. 

Commercial auto insurance

If your business owns any vehicles, you must have commercial auto insurance. The minimum required amount is 25/50/25. If you are using a personal vehicle to do business, you may not be covered. Personal auto policies frequently exclude use for business. 

While you may not be required to have other types of commercial insurance, it may be a good idea for you to consider them.

Commercial liability insurance

Getting sued is a nightmare. Losing the judgment an even bigger nightmare. It could bankrupt your business if you don’t have commercial liability insurance. Commercial liability covers a variety of scenarios where you might have to pay for an injury. 

Commercial property insurance

You can’t do business with all the things you use to do business. Commercial property insurance covers you from many hazards that can damage your place of business and your equipment. 

In Winder, GA, contact Ransom & Associates Insurance Agency for your commercial insurance needs. 

When should you review your home insurance coverage

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When you buy a home, they should include a class in home insurance. It is so important to your security. But they don’t, so it’s up to you to learn all the things you need to know about home insurance. You need to keep in mind that the policy you bought 20 years ago may not be right for you today. Your needs and risks change over the years. In Winder, GA, Ransom & Associates Insurance Agency is a full-service agency that provides the customer support you need. 

Most home insurance policies renew yearly and come with a declaration page. This page gives you the details of your policy. The amount of coverage and the deductible. When you get this each year, it makes sense to look at the figures and consider whether your coverage is where you want it. If you are worth more than you were when you took out the policy, the liability coverage may not be high enough to offer adequate protection. If you have a dog, a pool, or a trampoline, your risk rises exponentially. 

Making upgrades to your home increases its value. Resale prices are affected by many home repairs you make. If you do a major renovation, things like putting in a new kitchen, finishing a basement, or adding an extension, you should notify your insurance carrier so that they can reaccess the replacement value of your home. 

Some things you do to your home can lower your premium. If you add a home security system, add deadbolts, install fire and carbon monoxide detectors, make your home a smart home, or replace your roof contact your insurance company with the updates. 

If you live in or near Winder, GA, Ransom & Associates Insurance Agency is here to help ensure you have the right policy and the correct amount of coverage. Contact us for a no-obligation quote.