When you own a small business, many different insurance policies can come in handy. However, very few are mandatory. Many other policies are recommended for business owners to give themselves better protection against lawsuits and other costs. If you need commercial insurance in Virginia, call us at Gantt Agency in Farmville, VA today.
This is an insurance type that is required for most small businesses in Virginia. If your business has two employees or more, state law requires that you cover them with workers’ compensation insurance. This covers illnesses and accidents that happen to your employees at work. If you don’t have this coverage, you can face fines and fees that result from not having the proper insurance. If you don’t have this coverage, you are also open to lawsuits from anyone who gets sick or becomes injured at work. It even pays for the lost wages of your employee if they are unable to work due to their injury or illness.
With this type of insurance, a vehicle owned by the business is covered in case of an accident that injures people and/or causes property damage. In most cases, a personal auto insurance policy will not pay out if the accident happened during the business’s course. With a commercial auto policy, your liability to both cars and people is covered when the vehicle is used for business tasks.
Get Your Commercial Auto Insurance Policies
If you meet the criteria for commercial insurance coverage, but your business doesn’t yet have it, you could be fined or cited. And even worse, you could become liable for a serious accident that you weren’t insured against. If you need a commercial policy, contact us at Gantt Agency in Farmville, VA.
The trucking and shipping industry continues to be very important as it is responsible for transporting necessary products all over the country. Due to the value that the trucking industry provides, there continues to be a demand for those in the industry. If you operate in the trucking industry in the Farmville, VA area it is important to ensure that you are properly insured. A trucking insurance plan can offer several forms of coverage that will make it a practical necessity.
Insurance Protects Assets
A key reason that you will need to have a trucking insurance plan when in this area of the state is to ensure your business assets are covered and protected. To operate in the trucking environment, a company will need to own different pieces of expensive equipment. The best way to protect all of your valuable assets is by getting a trucking insurance plan.
Insurance Gives Liability Protection
It would be best to get a trucking insurance plan because it will provide you with liability protection. Those in the trucking field will take on a lot of liability risk, including the risk of causing an accident or damaging cargo. With a full trucking insurance plan, you will get the protection needed to offset this risk, which could be very helpful for your business.
Those that are in the Farmville, VA area and are in the trucking industry need to make sure that they get the right insurance in place. When looking for trucking insurance, you should call the Gantt Agency. The team with the Gantt Agency knows how important this coverage is. They can offer you the guidance needed to build a plan that is ideal for your situation.
Are you a high-risk driver in Farmville, VA? If you have a DUI on your driving record or have caused multiple accidents, you are classified as a high-risk driver and might require additional auto insurance protection. SR-22 and FR-44 come to effect when dealing with such drivers.
The two come as special filings attached to your car insurance and aim to show that you have sufficient coverage required in your state. If you have SR-22 or FR-44, then your driving behaviors are wanting.
But do many people even know about the existence of the two policies? If this is your first time hearing about them, Gantt Agency is here to provide more information about the policies. Read on to understand the difference.
When you’re a high-risk driver with an SR-22, it means your auto insurance carries some extra coverage. The insurer notifies the DMV that you’re insured and fit to drive on the road.
In case the policy expires, the insurer is also required to report to the DMV. Carrying SR-22 will likely see you pay higher premiums than others due to the high risk of filing claims. SR-22 is not a type of insurance but rather a notice that you’re insured in case of liability.
FR-44 is similar to SR-22 but mainly used for DUI offenders. If you’re charged with DUI, then you’ll certainly need FR-44. Unlike SR-22, FR-44 requires that your auto coverage limit be at least $100,000. The argument behind it is that drunk drivers are likely to commit repeat offenses.
Do You Need SR-22 or FR-44?
Reckless driving is no fun, and we advise that you should avoid it at all costs. However, if you’ve found yourself in trouble already, there’s no need to dig deeper. Get yourself some protection.
Are you a high-risk driver in Farmville, VA? Reach out to Gantt Agency for more information on how to get adequate auto insurance.
The Farmville, VA area continues to grow and offers a lot of opportunities to small business owners. If you are going to start a business in this area of Virginia, getting proper insurance coverage for your company is very important. One type of insurance that you will need to have is commercial coverage. There are several scenarios in which someone should get a commercial insurance plan for their business.
Those that Invest in Business Assets Need Coverage
A situation when you will want to have a commercial insurance plan is when you invest in business assets. Many businesses will require an investment into some core assets to get their company moving and off the ground. Those that choose to get a commercial insurance plan will receive the coverage they need to protect these assets. With proper coverage, you will be protected if the assets are stolen or otherwise damaged.
Those that Want Liability Coverage Need Coverage
You will also want to get a commercial insurance plan if you want liability protection. There is always a risk that a small business could be named in a liability claim. If this happens to you, it could be very detrimental to your company. Thus, you must get a commercial insurance plan that will offset this risk by providing liability coverage.
If you want to get a commercial insurance plan in the Farmville, VA area, it would be wise to call the Gantt Agency. The team with the Gantt Agency understands how important commercial coverage is. They can offer you the guidance needed to assess your insurance needs and pick a plan properly. This can help to ensure your business stays properly covered in the future.
Owning a commercial garage in Farmville, VA is a great way to make a living. There continues to be a demand for the services that garage owners can provide, which means you will always have a flow of customers. If you would like to own a garage here, you also need to make sure that you protect your company with insurance and liability. There are a few reasons that you should get a garage insurance policy.
Coverage for Accidents in Garage
When you own or operate a commercial garage, there will always be a lot of activity that includes using machinery and moving items around. This activity could lead to accidents where someone gets hurt. Fortunately, when you get a full garage insurance policy, you can mitigate this risk by getting appropriate liability protection.
Coverage for Lost Items
A garage owner may use the space to store products for clients. If you are storing cargo or products in a commercial garage, you will take on some liability for these items. When you get a proper insurance plan, it will offer you the coverage that could be used to mitigate this risk. This could be very helpful if there is ever a fire or theft that results in a loss of customer assets.
If you are looking for a garage insurance policy and are in the Farmville, VA area, it would be good to call the Gantt Agency team. Many important choices and factors need to be considered when looking for garage insurance. The Gantt Agency team will help you understand your options and build a policy that provides ample coverage. This can help to ensure you remain properly protected at all times.
If you own a business in Virginia and have three or more employees, part-time or full-time, you must obtain worker’s compensation insurance. The agents at the Gantt Agency in Farmville, VA have the experience and knowledge it takes to guide you in creating a policy that works for you and your employees.
Workers’ Compensation for Virginia Business Owners
Virginia law regarding worker’s compensation was put into place to ensure that businesses’ employees are covered if they suffer an injury while on the job. You will need workers’ compensation insurance for all of your employees if you have three or more to ensure medical bills are paid, along with their lost wages, while they are off work due to an injury they sustained while on the job.
Workers’ compensation insurance will also help you and your business to avoid being sued in a civil lawsuit due to an employee being injured on the job. The employee will receive compensation for their wages to pay their bills while they are healing and recuperating from the injury they sustained while working at your business.
In Virginia, you do not only have to count the number of part-time and full-time employees who work directly for workers’ compensation. You must also count any subcontractors who work for your business. For example, if you only have one employee, you would not be required to have workers’ compensation insurance. Still, if you have one employee and three subcontractors working for your business, you must include the subcontractors in the total number of employees for workers’ compensation purposes.
To obtain the proper workers’ compensation policy for your business, contact the trusted agencies at Gantt Agency in Farmville, VA.
When Virginia entrepreneurs open their doors, they are embarking on an exciting journey that is not without risks. Indeed, there is a great deal of uncertainty with any business opportunity, but that does not mean you need to go out into the market with no protection. Commercial insurance from Gantt Agency can protect your company, so you can concentrate on building your business and expanding your services to include an even greater market share in Farmville, VA.
Call the Virginia Insurance Team You can Trust
While no two business owners have the same needs and concerns, all companies need basic insurance policies designed to protect against asset loss, damage, or liability. As such, it is important to sit down and discuss a commercial insurance policy that is designed to protect your business specifically. From vehicle fleet insurance to real property to inventory stocks, a lot is riding on having the commercial insurance you and your company need should the unexpected occur.
Our team is standing by to listen to your concerns to craft a better policy that will not only help you protect your Virginia based business but will give you the security to continue building your business for years to come. You probably have questions regarding the best possible insurance coverage for your business, and we have the answers, so you can make the informed decision designed to help make your business thrive.
Contact our Team at Gantt Agency for Your Commercial Insurance
Business owners have a lot on the line, and commercial insurance is designed to help you weather adverse conditions, whether caused by natural causes or just a routine accident that can strike at any moment. Serving the Farmville, VA business community, Gantt Agency understands the needs of business owners, and we look forward to meeting you to find an insurance policy that fits your company’s needs, so to contact our friendly and knowledgeable team for a free, no-obligation quote.
For 20 years, Gantt Agency has served the Farmville, VA community, and the surrounding areas by providing different insurance coverage types. We strive to make sure that all of our clients receive the outstanding customer service that they deserve. Regardless of your insurance needs, we will help you find a solution.
Auto insurance covers you in the event of unforeseen circumstances. The policy will protect you if you are involved in an accident or if someone vandalizes your vehicle. Auto insurance protects so that you can navigate the roads with some security. While researching different auto insurance policies, here are some variables to consider.
If you do not drive regularly, the type of coverage you need may differ from someone who puts a lot of miles on their vehicle.
Having Good Credit
Your credit score is an often overlooked variable when it comes to discussing auto insurance policies. If you have a good credit score, it will impact your auto insurance coverage.
The Type Of Vehicle That You Drive
If you drive a sports car or a luxury car, your policy may include different coverage compared to other cars. The make-up of your car is another variable to consider. For example, if you have an up to date security system in your vehicle, your policy will reflect that.
Own or Lease
The terms of your policy may adjust based on whether you own or lease the vehicle you are trying to get insured.
Gantt Agency Can Help You
Every driver is different. That’s why we will sit down with you and assess your situation to find the auto insurance coverage you need. Please stop by our office in Farmville, VA.