If you have a dream of being your own boss, are willing to sacrifice and work hard and have a good idea, starting your own company could be a great option. One place that can provide plenty of opportunities to small business owners in Myrtle Beach, SC. This area of the state continues to have high demand from consumers and a great local economy. If you are going to start a small business, it is important to protect it as well as you can. One of the best ways to do this is through a commercial insurance policy.
Gives Liability Coverage.
One of the main reasons to get a commercial insurance policy is that it will provide you with liability protection. Any business owner is going to consistently take on some level of liability risk whenever they sell a product or service. If a customer becomes injured through the use of your product, you could be found liable. Fortunately, you can be protected by having commercial insurance.
Additionally, you will receive protection for your business assets. When you start a company you will likely need to invest a lot of capital to buy assets to get the company off the ground. With a commercial insurance policy, you can receive protection for all business assets. This will give you the capital to repair or replace these assets if they are stolen or damaged.
As you are looking for business insurance in the Myrtle Beach, SC area, you should contact the team at Benefit Insurance Services. The insurance team at Benefit Insurance Services can help you to find an insurance policy that will provide your company with the protection you need. This is done by fully assessing the needs and risks presented to your business.
If you have a business, or you’re thinking about starting one up, one of your biggest questions might be whether you need a commercial insurance policy. Most businesses should have this type of policy to protect themselves and their employees and customers. But there are also some types of businesses that really don’t need a policy. At Benefit Insurance Services, we can give you the answers you’re looking for when it comes to insurance policies for your business needs. If you’re in the Myrtle Beach, SC area, we’re here to help you find the policy you need so you can get back to focusing on running your business.
Generally speaking, most home-based businesses that are operated online don’t need an insurance policy. That’s because they don’t have a separate location or customers coming through the door. But if you work out of your home and clients visit you, asking about a commercial policy can be the right thing to do. Your liability issues may be different at that point, and that means you need someone to advise you on the right course of action to protect your interests and your clients, as well. For companies that have a separate location (not a home), commercial policies are almost always necessary.
The type of policy, what it covers, and the level of coverage can all be different based on the kind and size of the business and plenty of other factors. With that in mind, Benefit Insurance Services can help you get the protection your business needs. We’re happy to help all of our Myrtle Beach, SC clients get the coverage they want and deserve. Peace of mind comes with a good commercial insurance policy, and we’re here to make sure you can get the policy that’s right for you.
The industry in Myrtle Beach, SC is booming, especially with the growth coming to the area. For businesses who have been in the Grand Strand for a significant amount of time, they know the benefits of carrying commercial insurance and how it protects them and gives them a quality reputation that keeps their clientele strong. Choosing Benefit Insurance Services for their policy has been significant for their businesses.
Contracting and Customer Property
Any industry or business that requires you to perform a service at the customer’s personal property will have the customers questioning your coverage. In order to obtain a quality reputation, your business will be insured to cover any damages to your property and employees, as well as the customer’s property.
Storing Data and Cyber Crime
Does your business require sensitive and private information from your clients? With the ongoing use of digital databases, the appeal to hack and steal this information is on the rise. Although you may keep your cybersecurity updated, there is always a risk of hacking and information being stolen. Showing you have commercial insurance to protect against this type of crime shows responsibility to your customers and increases your reputation.
Cover Your Hospitality Business
With guests and tourists flocking to Myrtle Beach, SC annually, it is critical that these businesses protect their guests from accidents and damages as a result of those. You are not only protecting your property with this coverage, but also your guests who could be put at risk due to another’s negligence.
Secure Your Local Reputation
Let your customers know that you are responsible and equipped to take on the Grand Strand. Contact Benefit Insurance Services today about the different types of commercial insurance and get the policy you need.
Commercial policies are a great idea for any business owner that is going to have inventory, customers, and employees. That being said, your commercial insurance may cover more than you think. For those that live in the Myrtle Beach, SC area, the agents with Benefit Insurance Services can help you find the policy that works best for you.
Commercial policies cover the business, injury to employees on the premises, and injury to patrons at the premises as well. Your policy may also cover damage that is associated with vandalism, with theft, and may also cover fire damage. On top of all of that, you can also make a claim against your own commercial policy if you are injured on the property. There are some considerations to make, however. If you are injured in your own business it may be better to just use your own health insurance to help cover costs and it may not be completely beneficial to use your commercial policy.
A commercial policy is in place to protect the business and the business owner but is often better used to protect those that come to your business and those that work there rather than yourself. You can always use your own personal health insurance to help cover costs and can then use money from this type of policy to help cover any costs associated with losses that are a result of your being injured on your own property. It is always best to take the time to find the best solution possible before you make any sort of claim against your commercial policy. For those in the Myrtle Beach, SC area, the agents with Benefit Insurance Services can help you to find the policy that works for you and your needs.
If you live in Myrtle Beach, you are probably already aware of the dangers water can pose to the local properties. Myrtle Beach, SC has several areas which are vulnerable to flooding, with most of the area flooding caused by ocean water or extreme rain that may go along with tropical storms or thunderstorms.
If you live in an area which is higher, or which isn’t in one of the most vulnerable areas, you may not think you need flood insurance. Most people associate flood insurance with natural disasters,.Myrtle Beach has been affected by several major storms in the not-so-distant past, like Hurricane Bertha in 1996 and Hurricane Floyd in 1999. At Benefit Insurance Services, we understand how frightening those kinds of storms can be.
Flooding is considered a natural disaster, but it doesn’t have to happen because of a tropical storm or hurricane. Flooding is actually the most common natural disaster and can happen because of other more common acts of nature. The minimum requirement to be covered under flood insurance is that the flooding covers more than one property or at least two acres.
One thing to keep in mind is that there is usually a waiting period after you buy flood insurance, usually at least 30 days. If you buy it because you see a storm coming, you probably won’t be covered for any damage caused by the flooding.
There are several sources of flooding possible in Myrtle Beach, SC, and you want to be protected. If you own your home, you can purchase a policy to cover your property and possessions. You can also purchase a policy to cover your personal possessions if you are a renter. If you have any questions or would like to talk about purchasing a flood insurance policy, please call Benefit Insurance Services today.
When you own a business, the last thing you need is a lawsuit due to someone slipping and falling at your business. It’s tough enough looking out for all the things that need to be accomplished in the course of a day or week, without the threat that you could lose it all with one court judgment. That’s where commercial liability insurance comes into play. For the peace of mind of knowing you’re covered for slip and fall and other liability issues, ask your Benefit Insurance Services representative in Myrtle Beach, SC to go over your current policy or help you decide which one works best for your new business.
Slip and Fall Coverage
Slip and fall accidents are covered under the premises liability portion of your commercial insurance policy. Slip and fall accidents are often seen as frivolous lawsuits, but it’s easy to overlook a potential hazard in the course of running a successful business. Whether it’s a leaky faucet that leaves a puddle of water on the restroom floor or a damp-mopped floor that causes someone to fall, accidents happen and it’s important to be prepared for them with the right insurance policy.
This coverage, much like a homeowners policy, protects you from accidents such as falls, falling objects, slips and the negligence of contractors, employees, and guests. These claims can be filed by employees, guests, customers or anyone else who passes through your business. For construction, retail and restaurant-related businesses, commercial insurance is essential to protect your business and personal assets.
Injuries at a Business
Like homeowners coverage, most businesses have commercial property insurance which acts. These policies cover you when the accident involved negligence.
If a customer, vendor or contractor is responsible for the accident, any lawsuit may involve those parties. Because these cases get complicated quickly, you’ll need to hire a qualified attorney to represent you. Commercial insurance usually covers your legal costs and any settlement reached in or out of court.
To find out more about how commercial insurance can help you protect your business, contact Benefit Insurance Services today.
Business owners find themselves in a dilemma when it comes to choosing a commercial for the business. Many will go for the basic liability insurance and forget that there are several other policies available. If you live in Myrtle Beach, SC, visit Benefit Insurance Services to get a commercial insurance. The following 5 types of commercial insurance are also available.
1. Overhead insurance
This a very important commercial insurance policy. Overhead insurance covers things like salaries, taxes, utilities and rent in the event that the owner is unavailable due to sickness or any other reason. As a result, the business owner will have the peace of mind that the business will not crumble when they are absent.
2. Business interruption insurance
This is another very important policy. It helps the business to recover losses in case the business was interrupted for a period of time maybe due to fire or theft. This insurance will ensure that the business is running again and the owner does not have to worry about the losses incurred.
3. Workers compensation insurance
Many businesses employ workers to efficiently run the business. However small the number of workers is, a compensation insurance should be a priority. This will help protect the workers earnings in case they are injured while doing their job. It is also important to note that even if the job has the owner as the employee, they should get this policy to help safeguard the savings of the business.
4. Property insurance
The property insurance is acquired to help protect your property in case of damage. The property may range from furniture, building and inventory. The damaged property will be replaced at no cost. This is also recommended for business owners.
5. Automobile insurance
Commercial automobile insurance will cover the vehicles, trucks and vans used by your business. The policy will help repair the vehicles in case they are damaged in case of accidents. If the driver also injures a property or person, this will also be covered. Myrtle Beach, SC can visit Benefit Insurance Services to get a commercial insurance.
Commercial insurance is a true benefit to any business. Without it, you run the risk of facing a set back of any kind, property loss or other, without the means to quickly and adequately recover. Commercial insurance has many benefits, however, all states differ in terms of the type of insurance required for businesses. South Carolina doesn’t require a business owner to have a comprehensive commercial insurance policy, however, there are certain types of insurance that are required. These benefits provide protection for employees and commercial property that offer security and peace of mind.
Protection for Employees and Business Property
Companies that have four or more employees and have company driven vehicles are required to carry workman’s compensation and a commercial auto insurance policy. This ensures that an employee that is injured or harmed can be covered by workman’s compensation. A commercial auto policy is also a requirement for businesses with a company vehicle and provides protection for employees and the company vehicle as well. Your Myrtle Beach, SC commercial insurance provider can go over Benefit Insurance Services to ensure that business owners are well aware of how these policies work.
Damage Protection for Customers, Your Building, and Property
No business owner wants to foot the bill for a tree limb that falls on the roof of their office building or an electrical fire that destroys office computers. Commercial insurance protects the exterior of your business facility as well as the property in your office. This insurance can include protection for your customers as well. For example, if a customer falls and hurts themselves while at your facility your commercial policy can cover their medical bills.
Commercial insurance can be the difference between your company going under or staying afloat. It protects your business, employees, and property from unforeseen circumstances. Without it, you run the risk of facing a setback, property loss or any number of things, without the means to quickly and adequately recover.
Many people have trouble determining whether they need a commercial auto insurance policy or have trouble understanding what function it serves. Commercial auto insurance provides coverage if you’re using your car for business purposes. Some vehicle types and business vehicle uses may cause someone to not be able to use his or her personal policy in the event of an accident, and it can be confusing to determine what your situation requires. For a friendly chat with a knowledgeable representative who will be able to clearly explain the type of policy you need, contact Benefit Insurance Services, which serves the Myrtle Beach, SC area.
Do I Really Need Commercial Auto Insurance?
Generally speaking, if your car is used for tasks that are related to your occupation, business, or profession, you need a commercial auto insurance policy. However, it’s important to notice that commuting to work doesn’t count as a requirement for a commercial policy. Other reasons that you might need a commercial policy include:
- You’re using your car for transporting people or goods and charging a fee. For example, Uber or Lyft drivers fall into this category.
- You’re using your car to conduct a service. For example, if you’re a mobile notary, your personal policy will likely not cover you if you’re traveling for work.
- If the nature of your work requires you to have higher than normal limits, you may need a commercial policy.
- If your business requires you to tow a trailer, or you’re hauling a hefty amount of equipment or tools.
- If your employees are using the vehicle, or if the vehicle is owned by a partnership or corporation, you may need a commercial auto policy.
Everyone’s situation is different, and it’s not a good idea to hope that your personal auto insurance policy will cover you in the event of an accident. For peace of mind, contact Benefit Insurance Services, which serves Myrtle Beach, SC, to find out if commercial auto insurance is for you.
A commercial insurance policy provides coverage in a way that it protects a business. Not only does it provide protection over the business owner, but also over its employees. Since there are no two companies that are exactly alike, this means that there is no one-size-fits-all business insurance policy. The specifics of your company will determine the exact type of commercial business policy you need to purchase. Let’s take a quick look at a few things that are unique about commercial insurance.
When it comes to buying insurance for a business, many business owners want to know the exact type of insurance they should be purchasing as well as how much the premiums are going to cost. What should be remembered, though, is that there are multiple factors that affect commercial insurance costs. Commercial insurance is unique because it is affected by the number of employees you have, the gross annual revenue of your company, the location of your business, your number of years in business, and more. You will also need to provide information relating to whether or not the property in which you conduct your business out of is owned, leased, or rented.
Other factors that are going to influence the exact type of commercial insurance you need for your company include whether or not you own any company vehicles and how often your employees drive them. It should also be noted that there are several types of commercial insurance, including commercial health insurance. The exact types of different commercial insurance you should invest in will be determined by your business’ specific needs. The best way to learn about the types you should buy is by contacting Benefit Insurance Services in Myrtle Beach, SC.