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Alcock Insurance & Risk Management Services, LLC

3105 Evans St Unit E
Greenville, NC 27834

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Commercial Insurance in North Carolina and Virginia

Commercial Insurance

What better way is there to protect your business than by having commercial insurance? This is insurance set up to give you and your employees the proper protection in the event of an accident, lawsuits, or property damage to your business. There are many different policies that you can choose from here at Alcock Insurance & Risk Management Services LLC in North Carolina and Virginia to ensure that your business is secure.

Commercial Insurance Requirements

In North Carolina and Virginia, like most other states, businesses are required to have both commercial auto insurance and workers’ compensation insurance. For businesses that have three or more individuals employed, whether part-time or full-time, worker’s compensation insurance is mandatory. This policy ensures protection for work injuries and secures employers from any liability resulting from injuries.

Commercial auto insurance is required for any business-owned vehicles. Any personal vehicles that are used for work purposes should be covered by auto insurance that is hired and non-owned. The following commercial auto insurance requirements are:

  • $30,000 for each person and $60,000 for each accident for bodily injury liability
  • $25,000 for each accident for property damage liability
  • $30,000 for each person, $60,000 for each accident, and $25,000 for property damage for uninsured motorist coverage.

Coverages

The following coverage types are also available for businesses in North Carolina and Virginia:

  • General liability- Many commercial leases require this coverage and it covers injuries and customer property damage.
  • Professional liability- This covers missed deadlines and mistakes resulting from client lawsuits.
  • Cyber liability insurance- This cover will protect businesses against cyberattacks and data breaches. It also covers the costs of any legal fees.
  • Business owner’s policy- This is a bundle coverage including general liability and property insurance.

Quotes

If you need a quote for commercial insurance, visit our Alcock Insurance & Risk Management Services LLC today. We are looking forward to helping you find the most suitable protection for your business.

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Servicing States

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  • Discovery
  • Heritage
  • Progressive
  • State Auto
  • Travelers CL
  • United Property and Casualty
  • Universal Property and Casualty